Kothari Industrial Corporation Limited has issued a revised outcome of its board meeting held on November 29, 2025, correcting a crucial detail regarding the reclassification of certain individuals from the Promoter and Promoter Group category to the Public category.

Key Correction

The company has amended its earlier statement, now clarifying that shareholder approval is indeed required for the proposed reclassification. This correction is in line with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Reason for Shareholder Approval

The necessity for shareholder approval stems from the following factors:

1. Ms. Asha Thayer, one of the individuals seeking reclassification, is related to an existing promoter, Mr. Pradip D. Kothari.
2. The combined shareholding of Ms. Asha Thayer and Mr. Pradip D. Kothari equals 41.00% of the total voting rights of the company.

Regulatory Context

According to the proviso to Regulation 31A(3)(a) of the SEBI (LODR) Regulations, 2015, shareholder approval becomes mandatory when:

• The person seeking reclassification and persons related to the promoter(s) seeking reclassification have a combined shareholding of not less than 1.00% of the total voting rights in the listed entity.

Reclassification Approval Process

The Board of Directors has granted its approval for the reclassification request, subject to the following conditions:

1. Shareholders' approval
2. Stock Exchange approval
3. Other necessary approvals, if any

Implications

This correction highlights the importance of accurate regulatory compliance and transparent communication with stakeholders. It ensures that the company adheres to SEBI regulations and maintains proper corporate governance practices.

Conclusion

Kothari Industrial Corporation's prompt correction of its board meeting outcome demonstrates its commitment to regulatory compliance and transparent disclosure. Shareholders and investors should take note of this development, as it will require their participation in the approval process for the proposed reclassification of promoter shareholding.

Kothari Industrial Corporation Limited Expands Operations

Kothari Industrial Corporation Limited has recently made significant moves in expanding its business operations. The company has undertaken two major corporate actions:

Joint Venture Incorporation

The company has incorporated a joint venture, signaling its intent to collaborate with another entity to pursue new business opportunities or strengthen its existing operations.

Subsidiary Incorporation

In addition to the joint venture, Kothari Industrial Corporation Limited has also incorporated a new subsidiary. This move suggests that the company is diversifying its business structure and potentially entering new markets or product lines.

Implications for Investors

These corporate actions could have significant implications for the company's future growth and profitability. Investors may want to monitor:

1. The nature and scope of the joint venture
2. The purpose and potential of the new subsidiary
3. Any changes in the company's financial structure or performance as a result of these incorporations

As these developments unfold, they may impact the company's stock performance and overall market position.

Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions based on this information.