Description

Kothari Industrial Corporation Ltd lists 1,31,57,600 new equity shares of Rs. 5/- each issued at premium of Rs. 67.60/- on preferential basis, effective October 8, 2025.

Summary

BSE has approved the listing of 1,31,57,600 new equity shares of Kothari Industrial Corporation Ltd (Scrip Code: 509732) issued on preferential basis to promoters and non-promoters. The shares will commence trading from October 8, 2025, and rank pari-passu with existing equity shares.

Key Points

  • Total new equity shares: 1,31,57,600 shares of Rs. 5/- each
  • Issue price: Rs. 72.60/- per share (face value Rs. 5/- + premium Rs. 67.60/-)
  • Allotment dates: 59,17,600 shares on August 2, 2025; 68,20,000 shares on September 16, 2025; and 4,20,000 shares on September 16, 2025
  • Distinguished Numbers: 93733106 to 106890705
  • ISIN: INE972A01020
  • Shares rank pari-passu with existing equity shares
  • Lock-in periods apply to all allotted shares

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members must note the new securities are available for trading from October 8, 2025
  • Lock-in restrictions apply as detailed below and must be observed during trading

Important Dates

  • Allotment Date 1: August 2, 2025 (59,17,600 shares)
  • Allotment Date 2: September 16, 2025 (72,40,000 shares)
  • Trading Commencement: October 8, 2025
  • Lock-in Expiry Dates:
    • 59,17,600 shares (Dist. Nos. 93733106-99650705): May 31, 2026
    • 68,20,000 shares (Dist. Nos. 99650706-106470705): April 30, 2027
    • 4,20,000 shares (Dist. Nos. 106470706-106890705): May 31, 2026

Impact Assessment

This is a routine corporate action with minimal market impact. The preferential allotment increases Kothari Industrial Corporation’s equity base by 1,31,57,600 shares. Lock-in periods ranging from approximately 7 to 19 months ensure these shares cannot be immediately traded by allottees, limiting short-term supply impact. The listing enables normal trading operations for these securities while maintaining regulatory compliance through the lock-in mechanism.

Impact Justification

Routine preferential allotment listing for a single company with no broader market implications