Kothari Industrial Corporation Limited has successfully obtained trading approval from BSE Limited for its preferential equity issue worth ₹234.47 crores. The Chennai-based company announced this development through a regulatory filing dated January 22, 2026, marking a significant milestone in its capital raising initiative.

Share Issue Details

The preferential issue comprises specific parameters that highlight the scale and pricing of the transaction:

Trading Commencement

BSE Limited granted the trading approval on January 21, 2026, with trading commencing effective January 22, 2026. The exchange issued Notice No. 20260121-45 dated January 21, 2026, informing trading members about the listing of these securities. This notice was made available on BSE's website for reference by market participants.

Regulatory Compliance

Kothari Industrial Corporation filed the intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Anil Kumar Padhiali, Company Secretary and Compliance Officer, ensuring adherence to disclosure requirements. The company attached a copy of the trading approval letter received from BSE Limited as supporting documentation.

Corporate Information

The company operates from its registered office at Kothari Building, 114/117 Mahatma Gandhi Salai, Nungambakkam, Chennai - 600034. Kothari Industrial Corporation Limited holds CIN number L81100TN1970PLC005865, indicating its incorporation in Tamil Nadu in 1970. The successful completion of this preferential issue and subsequent trading approval demonstrates the company's ability to access capital markets for its funding requirements.

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.