Kothari Industrial Corporation Limited has approved diversification into the ferrous and non-ferrous metals business to drive expansion and revenue growth. The Board of Directors sanctioned the new line of business on May 30, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This strategic move includes activities such as trading, manufacturing, processing, import, export, distribution, and other allied operations within the metal sector.

The company stated that the expected benefits of this initiative include business expansion, diversification, and revenue growth. The estimated amount to be invested in this new venture is yet to be determined and will be decided based on specific business requirements. The disclosure regarding this diversification is available on the company's official website.

The decision was communicated to BSE Limited, with the scrip code 531644, by Anil Kumar Padhiali, the Company Secretary and Compliance Officer. The filing confirms that the company is entering the metal industry to broaden its operational scope.

Details of the New Line of Business

Kothari Industrial Corporation Limited is headquartered at Kothari Building - No. 114/117, Mahatma Gandhi Salai, Nungambakkam, Chennai - 600 034. The Corporate Identity Number (CIN) of the company is L81100TN1970PLC005865.

Kothari Industrial Corporation Limited has appointed M/s Value Chakra Advisory Private Limited as its internal auditor for the financial year 2026-27 to ensure compliance with statutory regulations. The appointment, effective from May 30, 2026, was approved by the Board of Directors during their meeting held on March 30, 2026, following the recommendation of the Audit Committee.

The decision aligns with the requirements of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed these details in a filing submitted to BSE Limited on May 30, 2026.

M/s Value Chakra Advisory Private Limited is a professional services firm offering integrated management consulting, risk advisory, tax advisory, and financial advisory services. The firm operates as a long-term partner to clients, assisting them in streamlining business processes, managing risks, complying with laws, and making strategic decisions.

Key Details of Appointment

The filing confirmed that there are no disclosed relationships between the directors of Kothari Industrial Corporation Limited and the newly appointed internal auditor. The disclosures were made in accordance with the Master Circular issued by SEBI on November 11, 2024.