Kothari Industrial Corporation Limited has officially executed a Joint Venture Agreement with Accademia IUAD, Italy, to establish a design university in India. The partnership aims to develop design talent that meets global market demands, marking a significant milestone in the company's international collaboration strategy.

Joint Venture Agreement Details

The execution of this agreement follows the company's earlier disclosure dated November 29, 2025, which outlined the proposed joint venture with the Italian institution. The company has now moved from the proposal stage to formal agreement execution, with the primary objective of creating educational infrastructure for design excellence.

Strategic Vision for Design Education

The partnership with Accademia IUAD represents a strategic initiative to bridge the gap between Indian design education and global market requirements. The proposed design university aims to cultivate talent that can compete effectively in international markets while contributing to India's growing design and creative economy.

Regulatory Compliance

Kothari Industrial Corporation Limited has ensured full compliance with regulatory disclosure requirements. The company has filed the necessary intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, all disclosures required under Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, were previously provided in the earlier intimation.

The formal disclosure was signed by Anil Kumar Padhiali, Company Secretary and Compliance Officer, ensuring proper authorization and documentation of this significant corporate development. This joint venture agreement represents Kothari Industrial Corporation Limited's commitment to expanding its presence in the education sector through international partnerships with reputed institutions.

Kothari Industrial Corporation Limited has issued a regulatory clarification to BSE Limited regarding media reports about its potential acquisition of the iconic French footwear brand Kickers. The clarification was submitted on 30 January 2026 in response to a news item published in The Hindu newspaper with the headline "KICL in talks to buy iconic French footwear brand Kickers."

Regulatory Clarification Details

The company's response, signed by Company Secretary and Compliance Officer Anil Kumar Padhiali, addressed the BSE's request for clarification under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Due Diligence Requirements

Kothari Industrial Corporation emphasized that any decision related to acquiring the Kickers brand will be subject to specific conditions and approvals. The company outlined the following key requirements:

• Board of Directors' consent and approval mandatory for finalization
• Completion of comprehensive due diligence process required
• Adherence to statutory and contractual formalities necessary
• No binding commitments made at current stage

Legal and Regulatory Status

The company provided clear confirmation regarding its current legal standing in relation to the potential acquisition. Kothari Industrial Corporation stated that there are no regulatory or legal proceedings initiated or pending in connection with the Kickers brand acquisition matter.

Future Disclosure Commitments

The company outlined its commitment to maintaining transparency and regulatory compliance throughout the process. Kothari Industrial Corporation confirmed that appropriate disclosures will be made to stock exchanges in accordance with applicable regulations after board approval and upon finalization of any binding agreement, if and when such events occur.

The company also confirmed that as of the clarification date, there is no information or event pending for disclosure to the stock exchange under Regulation 30 of the SEBI (LODR) Regulations, 2015. The clarification reinforces the company's commitment to making appropriate disclosures as and when any material events occur in accordance with regulatory requirements.