Kothari Industrial Corporation Limited has received regulatory approval from BSE Limited for the reclassification of two individuals from promoter category to public category under SEBI regulations. The approval, dated March 04, 2026, marks a significant corporate governance development for the Chennai-based company.

BSE Approval Details

BSE Limited granted no-objection for the reclassification request through their letter dated March 04, 2026, under reference number LIST/COMP/HG/726/2025-26. The approval covers the reclassification of the following individuals from 'Promoter and Promoter Group' to 'Public Category':

The reclassification is being conducted in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs the process for promoter reclassification in listed companies.

Regulatory Timeline and Process

The company had initially submitted its application for promoter reclassification on December 03, 2025. Following BSE's review and assessment, the exchange has now provided the necessary no-objection for the proposed reclassification.

As per regulatory requirements under Regulation 31A of SEBI (LODR) Regulations, 2015, Kothari Industrial Corporation Limited must obtain necessary approval from shareholders in a general meeting within sixty days from the date of BSE's approval. This shareholder approval is mandatory to complete the reclassification process.

Compliance and Disclosure Requirements

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, by informing the stock exchange about this material development. Company Secretary and Compliance Officer Anil Kumar Padhiali signed the disclosure document on March 04, 2026.

BSE has also emphasized that the company must ensure compliance with subsequent relevant disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015.

Next Steps

With BSE's approval secured, Kothari Industrial Corporation Limited will now proceed to convene a general meeting of shareholders to obtain the required approval for the promoter reclassification. The company has a sixty-day window from March 04, 2026, to complete this shareholder approval process and finalize the reclassification of Ms. Asha Thayer and Mr. G Mohan Das from promoter category to public category.

Kothari Industrial Corporation Limited has announced a strategic academic partnership with ITECH Lyon, France, through the execution of a Memorandum of Understanding (MoU) on February 25, 2026. The collaboration aims to enhance technical education and skill development in leather technology through innovative academic programs.

Partnership Details

The MoU establishes a framework for academic collaboration between the two organizations to design and deliver specialized educational programs in leather technology. The partnership brings together Kothari Industrial's industry expertise with ITECH Lyon's academic excellence in technological innovation.

Academic Program Framework

The collaboration will focus on developing a One-Year Diploma/Certificate program in Leather Technology, emphasizing the latest technological innovations in tanning and finishing processes. This educational initiative is designed to upgrade students' knowledge and keep them connected with cutting-edge innovations in the leather industry.

Under the partnership structure:

• ITECH Lyon will provide academic and teaching services, bringing international expertise in leather technology education
• Kothari Industrial Corporation Limited will provide necessary infrastructure and administrative support to facilitate the program delivery

Strategic Impact

This collaboration is expected to significantly enhance technical capability and skill development in leather and polymer related areas. The partnership aligns with industry needs for skilled professionals who are well-versed in modern leather processing technologies and innovative finishing techniques.

The company has indicated that further disclosures will be made as and when definitive agreements are executed, in accordance with applicable regulations. This suggests that the current MoU serves as a preliminary framework, with more detailed operational agreements to follow.