Two promoters associated with Kothari Products — Mitesh Kothari and Arti Kothari — have each submitted formal declarations to both major Indian stock exchanges confirming the absence of any share encumbrance during the financial year ended 31st March, 2026. Both declarations were filed on 14th April, 2026, in accordance with the regulatory requirements governing substantial acquisitions and takeovers.

Regulatory Compliance Under SEBI SAST Regulations

The declarations have been submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that every promoter or person acting in concert must declare, on an annual basis, whether any encumbrance has been created on shares held by them during the preceding financial year.

The key details of both filings are summarised below:

Declaration Details

In their respective submissions, both Mitesh Kothari and Arti Kothari stated that they, along with persons acting in concert, have not made any encumbrance, directly or indirectly, on shares during the financial year ended 31st March, 2026. Each declaration was addressed to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited, fulfilling the dual-exchange disclosure requirement.

These filings represent routine but mandatory annual compliance disclosures required of promoters under SEBI's takeover regulations, ensuring transparency in shareholding patterns and promoter pledging activity for investors and market participants.

Kothari Products Limited has formally notified stock exchanges that it does not qualify as a Large Entity under Securities and Exchange Board of India (SEBI) regulations for the financial year ended March 31, 2026. The confirmation ensures compliance with regulatory disclosure requirements regarding Large Corporate status.

Regulatory Compliance Framework

The company's confirmation was made in reference to multiple regulatory circulars that govern Large Entity classifications and associated compliance requirements:

These circulars specifically address fund raising by issuance of debt securities by Large Entities and the disclosure and compliance requirements for Large Corporates.

Official Confirmation Details

The formal confirmation was communicated through a letter dated April 13, 2026, addressed to both major stock exchanges where the company's shares are listed. Raj Kumar Gupta, serving as the company's CS & Compliance Officer with FCS number 3281, signed the official declaration on behalf of Kothari Products Limited.

The letter explicitly states that the company "does not fulfil the criteria of Large Entity on the last day of Financial Year ended on 31st March, 2026." This confirmation serves as an official record for regulatory authorities and market participants.

Corporate Information

Kothari Products Limited operates from its registered office located at "Pan Parag House", 24/19, The Mall, Kanpur - 208 001. The company maintains its corporate identity number as L 16008 UP 1983 PLC 006254, reflecting its incorporation status and regulatory classification.

Market Listing Details

The company's equity shares are traded on both major Indian stock exchanges with distinct identification codes:

This regulatory confirmation ensures transparency in corporate governance and helps investors understand the company's compliance status with respect to Large Entity regulations under current SEBI guidelines.