Kothari Industrial Corporation Limited has announced a crucial board meeting scheduled for August 26, 2025, where the company will consider equity fundraising options, among other important matters.

Key Points of the Board Meeting

The board meeting, set to take place at 4:30 p.m. at the company's registered office, will address several significant agenda items:

Preferential Issue of Equity Shares

The board will consider and potentially approve the issuance of equity shares through a preferential allotment. This decision will be made in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. Any approval will be subject to shareholder consent and necessary regulatory approvals.

Annual General Meeting Arrangements

The board will determine the day, date, and time for conducting the Annual General Meeting (AGM) of the company through video conferencing or other audio-visual means (VC/OAVM). They will also approve the notice to be sent to shareholders regarding the AGM.

Additional Business Matters

The board will consider any other business that may be placed before it with the Chairman's permission.

Trading Window Closure

In compliance with regulatory requirements, Kothari Industrial has also announced the closure of the trading window for insiders. Key details include:

• Closure Period: The trading window will be closed from August 20, 2025, until 48 hours after the conclusion of the board meeting.
• Affected Parties: This closure applies to all connected persons, officers, designated employees, insiders, directors of the company, and their immediate relatives.
• Regulatory Basis: The closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct for Prevention of Insider Trading.

This board meeting marks a significant event for Kothari Industrial as it explores potential avenues for raising capital through equity. The outcome of this meeting could have important implications for the company's financial structure and future growth strategies.

Investors and stakeholders are advised to await the official outcome of the board meeting for further details on the proposed equity fundraising and other key decisions.

Kothari Industrial Corporation Limited (KICL), a prominent industrial company listed on the Bombay Stock Exchange (BSE: 509732), has announced the resignation of its Chief Financial Officer (CFO), Hari Kishore. The company disclosed this significant change in its key managerial personnel through a regulatory filing on August 16, 2025.

Resignation Details

Mr. Kishore's resignation will take effect from the close of business hours on Saturday, August 16, 2025. In his resignation letter dated August 15, 2025, Mr. Kishore cited an unforeseen personal emergency requiring him to return to his hometown as the primary reason for his departure.

Company's Response

KICL has accepted Mr. Kishore's resignation and acknowledged his valuable contributions during his tenure with the company. In its regulatory filing, the company stated, "The Company places on record its appreciation for the valuable contribution made by Mr. Hari Kishore during his tenure."

Transition Process

Despite the sudden nature of his departure, Mr. Kishore has committed to ensuring a smooth transition. In his resignation letter, he expressed his intention to complete any immediate responsibilities and assist with the handover process to the best of his ability within the given timeframe.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. KICL has also provided the necessary details as required by SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

Impact and Next Steps

While the departure of a key executive can potentially impact a company's operations, KICL has not provided any immediate information regarding a successor or interim CFO. Investors and stakeholders will likely be watching closely for any updates on the company's plans to fill this crucial position.

Kothari Industrial Corporation Limited, headquartered in Chennai, continues to operate under the leadership of its current management team as it navigates this transition in its financial leadership.