Kothari Industrial Corporation Limited has successfully obtained listing approval from BSE Limited for equity shares issued on a preferential basis to non-promoters. The approval, dated January 09, 2026, marks a significant milestone in the company's capital raising initiative.

Share Issue Details

The BSE has approved the listing of 11,31,068 equity shares with specific parameters outlined in the approval documentation:

The preferential issue represents a substantial capital infusion for Kothari Industrial Corporation Limited, with the shares being allocated exclusively to non-promoter investors.

Regulatory Compliance Requirements

The BSE approval comes with specific compliance obligations that the company must fulfill. The exchange has mandated adherence to Regulation 167 of SEBI (ICDR) Regulations and other specifications as determined by SEBI from time to time.

Additionally, if the share issue results in a change exceeding two percent of the total paid-up share capital, the company must file its shareholding pattern in XBRL mode as required under Regulation 31(1)(c) of SEBI LODR Regulations, 2015.

Trading Approval Process

While listing approval has been granted, trading approval requires additional documentation. The company must submit the following to BSE before trading can commence:

• Listing approval from National Stock Exchange of India Ltd. (if applicable)
• Confirmation letters from NSDL/CDSL regarding crediting shares to beneficiary accounts
• Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding (if applicable)

Timeline and Penalties

According to SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities must apply for trading approval within seven working days from the date of listing approval grant. The company received listing approval on January 09, 2026, establishing a clear timeline for compliance.

Non-compliance with this seven-day requirement will attract penalties as specified in the aforementioned SEBI circular, emphasizing the importance of timely submission of required documentation.

Corporate Communication

The company formally communicated this development to BSE Limited on January 10, 2026, through its Company Secretary and Compliance Officer, Anil Kumar Padhiali. The communication was made pursuant to Regulation 30 of SEBI Listing Regulations, ensuring proper disclosure of material information to the exchange and stakeholders.

Kothari Industrial Corporation Limited has filed an application with BSE Limited seeking approval to reclassify certain promoter entities from the promoter category to the public category. This move aligns with the Securities and Exchange Board of India (SEBI) regulations.

Key Details of the Reclassification Request

The company has disclosed that the following entities have applied for reclassification:

Timeline and Process

The reclassification application was submitted on December 3, 2025, following board meeting outcomes and previous intimations regarding the proposed category change.

Compliance with SEBI Regulations

While specific details about compliance were not provided in the update, it's standard practice for such applications to confirm that the applicants meet the necessary conditions for reclassification as stipulated by SEBI. These conditions typically include:

• Holding less than 10% of the total voting rights in the company
• Not exercising control over the affairs of the company, either directly or indirectly
• Not having any special rights through formal or informal arrangements, including shareholder agreements

Next Steps

The application will be reviewed by BSE Limited. Kothari Industrial Corporation Limited may need to provide additional information or clarifications as required by the regulatory authorities during this process.

Implications of Reclassification

If approved, this reclassification could potentially:

1. Alter the company's shareholding structure
2. Impact the public float of the company's shares
3. Change the disclosure requirements for the entities involved

It's important to note that the reclassification process is subject to regulatory approval and must comply with all relevant SEBI guidelines.

Investors and stakeholders of Kothari Industrial Corporation Limited should monitor further announcements regarding the outcome of this reclassification application, as it may have implications for the company's ownership structure and governance.