Kothari Industrial Corporation has incorporated Kothari Industrial IUAD Design Private Limited, a joint venture with Accademia IUAD, Italy, to establish an international design institution in India. The company holds a 51% stake in the subsidiary, which was incorporated on July 27, 2026. This strategic move targets the higher education sector, aiming to launch India’s first international design university campus from Italy, offering globally recognized degrees and research opportunities in creative disciplines.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Anil Kumar Padhiali, Company Secretary and Compliance Officer, signed the intimation to the Bombay Stock Exchange on July 28, 2026. This follows an earlier Board approval disclosed on November 29, 2025.

Subsidiary Structure and Investment

Kothari Industrial IUAD Design Private Limited (CIN: U85499TN2026PTC195911) operates in the education industry. As a newly incorporated entity, it has no business operations or turnover as of the date of incorporation. Kothari Industrial Corporation subscribed to 25,50,000 equity shares of ₹10 each at par, aggregating to ₹2,55,00,000, representing its 51% paid-up equity share capital. The consideration was provided in cash.

Campus Location and Academic Model

The campus will be located in Hosur, Tamil Nadu. SIPCOT has allotted Plot No. 14, measuring 3.34 acres, with a built-up area of 1,14,656 sq. ft., at Shoolagiri, Krishnagiri District. The land is leased for a period of 45 years specifically for establishing the proposed campus.

The institution proposes a unique "Learning by Doing" model, where approximately 30% of learning takes place through classroom teaching and design studios, while the remaining 70% is devoted to practical learning on industry-simulated production floors and prototyping laboratories. The collaboration with Accademia IUAD marks the Italian institution's first entry into India.

Programmes and Strategic Vision

The primary objective is to impart skill development and research in fields such as Footwear Design, Textile Design, Fashion Design, Jewellery Design, Cinematography, Product Design, and Communication Design. Additional proposed programmes include Leather Goods and Accessories Design, Apparel Design, Furniture and Interior Design, Visual Communication, Fashion Management, and Lifestyle and Luxury Product Design.

Jinnah Rafiq Ahmed, Chairman of the initiative, stated that the vision is to build a globally respected centre of excellence that shapes the future of design education in India. The institution aims to transform India’s image from a contract manufacturing destination to a nation celebrated for design excellence and brand creation. Students will benefit from international student and faculty exchange programmes, collaborative global design projects, and academic pathways leading to postgraduate programmes in Italy.

Kothari Industrial Corporation Limited has secured a service contract worth ₹1.59 crore from Southern Railway for wagon repair shop operations. The contract was awarded on July 18, 2026, through the Government e-Marketplace (GeM) by the Office of the Chief Workshop Manager, Carriage & Wagon Workshop, Perambur. This order strengthens the company's engagement with the Indian Railways, a key client in the infrastructure sector.

The agreement entails the hiring of five diesel-operated forklift trucks with a capacity of 3 tons each. In addition to the equipment, the scope includes the provision of drivers, material handling staff, and one supervisor to manage operations at the wagon repair shop. The services are scheduled to commence on or before July 21, 2026.

The contract duration is set for 600 working days from the date of commencement, as per the terms and conditions of the GeM Contract. The company confirmed that the transaction does not involve any related party interests and is at arm's length. The awarding entity is a domestic government body.

Contract Details

The disclosure was submitted to BSE Limited in compliance with Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Anil Kumar Padhiali, Company Secretary & Compliance Officer, signed the filing on behalf of Kothari Industrial Corporation Limited.