Kothari industrial corporation Limited has announced the opening of a new Kickers brand outlet in Delhi as part of its retail expansion strategy. The company informed BSE Limited about this development on March 13, 2026, pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Store Details and Location

The new outlet has been established at a prime location to enhance brand visibility and customer accessibility. The store details are as follows:

Strategic Retail Expansion

The opening of this store forms part of Kothari Industrial Corporation Limited's ongoing retail expansion plan. The company aims to strengthen the presence of the Kickers brand across key markets in India through strategic store placements in high-traffic commercial areas.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing the stock exchange about this business development. The announcement was made in compliance with the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and investors.

This retail expansion initiative demonstrates the company's commitment to growing its footprint in the Indian market and enhancing brand accessibility for customers across strategic locations.

Kothari Industrial Corporation Limited has received regulatory approval from BSE Limited for the reclassification of two individuals from promoter category to public category under SEBI regulations. The approval, dated March 04, 2026, marks a significant corporate governance development for the Chennai-based company.

BSE Approval Details

BSE Limited granted no-objection for the reclassification request through their letter dated March 04, 2026, under reference number LIST/COMP/HG/726/2025-26. The approval covers the reclassification of the following individuals from 'Promoter and Promoter Group' to 'Public Category':

The reclassification is being conducted in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs the process for promoter reclassification in listed companies.

Regulatory Timeline and Process

The company had initially submitted its application for promoter reclassification on December 03, 2025. Following BSE's review and assessment, the exchange has now provided the necessary no-objection for the proposed reclassification.

As per regulatory requirements under Regulation 31A of SEBI (LODR) Regulations, 2015, Kothari Industrial Corporation Limited must obtain necessary approval from shareholders in a general meeting within sixty days from the date of BSE's approval. This shareholder approval is mandatory to complete the reclassification process.

Compliance and Disclosure Requirements

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, by informing the stock exchange about this material development. Company Secretary and Compliance Officer Anil Kumar Padhiali signed the disclosure document on March 04, 2026.

BSE has also emphasized that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015.

Next Steps

With BSE's approval secured, Kothari Industrial Corporation Limited will now proceed to convene a general meeting of shareholders to obtain the required approval for the promoter reclassification. The company has a sixty-day window from March 04, 2026, to complete this shareholder approval process and finalize the reclassification of Ms. Asha Thayer and Mr. G Mohan Das from promoter category to public category.