Kothari Industrial Corporation Limited received a Type Certificate from the Directorate General of Civil Aviation (DGCA) for its Unmanned Aircraft System model, KOAIR-10L Drone, on October 9, 2026.

The certificate, bearing number T09260000127/00, was issued pursuant to the Drone Rules, 2021. This regulatory approval marks a significant milestone in the company's drone manufacturing activities.

Product specifications

The KOAIR-10L is designed specifically for agricultural applications, focusing on efficiency and payload capacity.

Regulatory compliance

The company filed an intimation with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that the Type Certificate validates the aircraft's design and safety standards as per Indian aviation regulations.

The KOAIR-10L Drone is engineered for agrochemical spraying, addressing critical needs in precision agriculture. The receipt of this certification enables the company to proceed with commercial deployment of the device within the regulatory framework established by the Government of India.

Kothari Industrial Corporation Limited passed all four resolutions proposed at its 56th Annual General Meeting (AGM) held on September 30, 2026. The meeting was conducted through video conferencing, with voting results disclosed to the BSE on October 1, 2026.

The company reported that out of 53,523 equity shareholders as on the record date, only 53 shareholders attended the meeting via video conference. No shareholders were present in person or through proxy. The total number of outstanding shares stood at 108,021,773, with 5,916,464 votes polled across all resolutions.

Resolutions passed

The AGM addressed both ordinary and special business items. All resolutions were passed with the requisite majority, receiving overwhelming support from voters.

Ordinary business

The first two ordinary resolutions pertained to the adoption of financial statements:

1. Adoption of audited standalone financial statements for FY26, along with Board and Auditor reports.
2. Adoption of audited consolidated financial statements for FY26, along with Auditor reports.

Both resolutions received 5,916,463 votes in favour and only 1 vote against.

Director appointments

Two resolutions related to board composition were also passed unanimously in terms of shareholding weightage:

1. Re-appointment of Ms. R. Sulaiha Banu (DIN: 11609138) as a director retiring by rotation.
2. Appointment of Mr. R. Manoranjan (DIN: 11882006) as an Independent Director via a special resolution.

What the Numbers Show

Voting participation remained low relative to the shareholder base. While there were 53,523 registered equity shareholders, only 53 individuals participated in the meeting via video conferencing. Furthermore, the total votes polled (5,916,464) represented just 5.48% of the total outstanding shares (108,021,773). This indicates that the vast majority of the promoter group's holding of 51,148,215 shares did not actively participate in the e-voting process for these specific resolutions, or their votes were not cast during this specific window, despite them being eligible. The public non-institutional shareholders accounted for the bulk of the active votes, casting 4,885,085 votes.