Voting results and Scrutinizer report
KOTIC · price
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Kothari Industrial Corporation held an Extra-Ordinary General Meeting (EGM) on 27 January 2026 via video conferencing, where two special resolutions were passed. Resolution 1 approved the appointment of Mr. Ravikumar Perumal (DIN: 09683689) as an Independent Director, receiving 100% votes in favour. Resolution 2 approved the KICL Employee Stock Option Scheme 2025 (KICL ESOP 2025) for eligible employees of the company's subsidiary and associate companies, also passing with nearly 100% support (only 2 votes against out of 54.5 million polled). A total of 54,572,093 shares were voted, representing 51.05% of the company's 106,890,705 outstanding equity shares. The promoter group voted 49,332,487 shares (96.39% turnout) entirely in favour of both resolutions.
Both resolutions passed with overwhelming shareholder support, reflecting strong alignment between promoters and public investors. The ESOP approval for subsidiary/associate employees is a positive signal for talent retention and long-term value creation, while the new independent director strengthens board governance.