Description

Kothari Industrial Corporation Ltd has listed 1,31,57,600 new equity shares of Rs. 5/- each issued at Rs. 72.60/- on preferential basis, effective October 8, 2025.

Summary

Kothari Industrial Corporation Ltd (Scrip Code: 509732) has listed 1,31,57,600 new equity shares of face value Rs. 5/- each, issued at a premium of Rs. 67.60/- (total issue price Rs. 72.60/-) to Promoters and Non-Promoters on a preferential basis. The new shares are permitted to trade on BSE from October 8, 2025, and rank pari-passu with existing equity shares. ISIN: INE972A01020.

Key Points

  • Total new equity shares listed: 1,31,57,600 shares of Rs. 5/- each
  • Issue price: Rs. 72.60/- per share (face value Rs. 5/- + premium Rs. 67.60/-)
  • Distribution numbers: 93733106 to 106890704
  • Allotment dates: 02/08/2025 (12,737,600 shares) and 16/09/2025 (4,20,000 shares)
  • Trading commencement: October 8, 2025
  • New shares rank pari-passu with existing equity shares
  • Scrip Code: 509732
  • ISIN: INE972A01020

Regulatory Changes

No regulatory changes. Standard listing procedure for preferential allotment.

Compliance Requirements

Lock-in Requirements:

  • 59,17,600 shares (Dist. Nos. 93733106-99650705): Locked-in until May 31, 2026
  • 68,20,000 shares (Dist. Nos. 99650706-106470705): Locked-in until April 30, 2027
  • 4,20,000 shares (Dist. Nos. 106470706-106890705): Locked-in until May 31, 2026

Trading members must note these lock-in restrictions when processing transactions.

Important Dates

  • Allotment Date 1: August 2, 2025 (12,737,600 shares)
  • Allotment Date 2: September 16, 2025 (4,20,000 shares)
  • Trading Commencement: October 8, 2025
  • Lock-in Expiry 1: May 31, 2026 (63,37,600 shares)
  • Lock-in Expiry 2: April 30, 2027 (68,20,000 shares)

Impact Assessment

Market Impact: The preferential allotment of 1.32 crore shares increases the company’s equity capital and may impact liquidity. However, with majority shares under lock-in until 2026-2027, immediate trading supply will be limited.

Shareholder Impact: Existing shareholders face dilution from this preferential issue. The lock-in periods indicate long-term commitment from allottees, potentially signaling confidence in the company’s prospects.

Trading Impact: Limited immediate impact on trading as most shares are locked-in. Full trading liquidity from these shares will only be available after lock-in periods expire.

Impact Justification

Preferential allotment increases share capital by significant number with lock-in periods, moderate impact on existing shareholders and trading liquidity