KICL targets 10% of India's footwear exports by 2030

2 min read     Updated on 06 Jun 2026, 04:13 PM
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AI Summary

Kothari Industrial Corporation Limited announced Vision 2030 to drive growth in agriculture technology, drones, and footwear manufacturing. Key initiatives include a precision agriculture platform, indigenous drone manufacturing, and joint ventures targeting 80 million pairs of footwear capacity annually. The company aims to capture 10% of India's footwear exports by 2030.

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Kothari Industrial Corporation Limited has unveiled Vision 2030, a strategic roadmap designed to accelerate growth across agriculture, drones, precision farming, and footwear manufacturing. The company aims to position itself at the intersection of technology and manufacturing to create long-term value and contribute to India's economic growth. Chairman and Managing Director Dr. Rafiq Jinnah Ahmed stated that the investments are aimed at building sustainable businesses that generate value for farmers, customers, employees, and shareholders.

Agriculture and Precision Farming

The company's Fertilizers & Agro Division, operational since 1962, manages blending facilities in Trichy, Vellore, and Madurai. KICL manufactures customized fertilizer mixtures and markets a portfolio of speciality nutrients, bio-fertilizers, and crop protection solutions. The company is developing a Farmer Identity-Linked Precision Agriculture Platform to integrate farmer identity, landholding information, and soil nutrient intelligence. This platform is intended to transform KICL from a conventional agri-input supplier into a technology-enabled agricultural intelligence company.

Drone and Geospatial Expansion

KICL's Drone & Geospatial Division undertakes large-scale surveys for the National Highways Authority of India and supports mining surveys for Keltron and the Kerala Government. The company is investing in indigenous drone manufacturing and progressing through the DGCA Type Certification process. It has established a Remote Pilot Training Organisation (RPTO) to build a skilled workforce. The division is also expanding the use of agricultural drones for precision spraying to improve efficiency and reduce environmental impact.

Footwear Manufacturing and Brands

The company has established a joint venture with Taiwan's Evervan Shoe Town Group, setting up two manufacturing facilities in Tamil Nadu. The facility in Perambalur produces for Crocs, while the Karur facility is scheduled to commence production for Adidas in July 2026. These plants will create a capacity of nearly 80 million pairs annually. KICL holds a 30-year licence for the Kickers brand across nine countries and has acquired the Zodiz and Jeetlo brands, which are available in over 2,500 retail outlets.

Vision 2030 Targets

KICL aims to significantly expand revenues from its agriculture and drone businesses. The company has set a target to contribute at least 10% of India's footwear exports by 2030. It is also establishing a joint venture with Italy's IUAD to offer design education from August 2026 and has partnered with institutions in Italy, Spain, and France for skill development.

Business Segment Key Initiative Status/Target
Footwear Manufacturing Joint Venture with Evervan Shoe Town Group Capacity of 80 million pairs annually
Footwear Brands Kickers, Zodiz, Jeetlo Presence in 2,500+ outlets; target 15,000–20,000 by 2030
Drone Technology DGCA Type Certification In progress
Design Education Joint Venture with IUAD, Italy Commencing August 2026

Historical Stock Returns for Kothari Industrial Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
-1.01%-6.91%-1.45%-10.35%-10.35%-10.35%

How will KICL fund the significant capital expenditures required for Vision 2030, and what impact might this have on its leverage ratios?

What specific market share does KICL currently hold in India's footwear exports, and what strategies will be employed to capture the required growth to reach the 10% target?

How will the integration of the Farmer Identity-Linked Precision Agriculture Platform monetize data, and what are the expected revenue streams from this transition?

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Kothari Industrial delists from Calcutta Stock Exchange

0 min read     Updated on 01 Jun 2026, 08:20 PM
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Kothari Industrial Corporation Limited has secured approval to voluntarily delist its equity shares from the Calcutta Stock Exchange effective June 02, 2026. The delisting, compliant with SEBI regulations, was communicated via letter CSE/LD/DL/18098/2026. The company's shares will continue to be listed and traded on BSE Limited.

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Kothari Industrial Corporation Limited has received approval from the Calcutta Stock Exchange (CSE) to voluntarily delist its equity shares effective June 02, 2026. The move ensures the company's securities remain listed only on BSE Limited, streamlining its market presence. The delisting was granted under the SEBI (Delisting of Equity Shares) Regulations, 2021.

The CSE issued the approval via letter no. CSE/LD/DL/18098/2026 dated June 01, 2026. This decision follows the company's compliance with the necessary regulatory framework for voluntary delisting. Consequently, the shares will be removed from the official list of the Exchange starting the specified date.

Delisting Details

The following table outlines the key details of the delisting:

Name of the Company Scrip Code De-listed with effect from
Kothari Industrial Corporation Ltd 21227
&
10021227
02/06/2026

The company's scrip code on BSE Limited remains 509732. The voluntary delisting from CSE does not impact the listing status on BSE Limited, where trading will continue as usual. The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Historical Stock Returns for Kothari Industrial Corporation

1 Day5 Days1 Month6 Months1 Year5 Years
-1.01%-6.91%-1.45%-10.35%-10.35%-10.35%

How will the voluntary delisting from CSE impact the liquidity and trading volume of Kothari Industrial Corporation's shares on BSE?

What cost savings or operational efficiencies does the company expect to achieve by streamlining its market presence to a single exchange?

Could this move signal a broader strategy by the company to consolidate its shareholder base or reduce regulatory compliance burdens?

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