Kothari Industrial Corporation Limited has submitted a regulatory disclosure to BSE Limited under SEBI Regulation 30, serving as a follow-up to their previous intimation dated 12 August 2026.
The company and/or its associate executed two Memoranda of Understanding (MoUs) with Guidance, Government of Tamil Nadu on 13 August 2026:
1. Design Education and Upskilling Project: Establishment of a University for Design Education and Upskilling of Technical Personnel at Hosur, Tamil Nadu. The envisaged investment for this project is approximately ₹50 crore.
2. Non-Leather Footwear Manufacturing Project: Setting up of a non-leather footwear manufacturing factory at Ramanathapuram District, Tamil Nadu. This project will be executed by Phoenix Kothari Footwear Limited (an associate company) with an envisaged investment of approximately ₹1,000 crore.
The disclosure was signed by Anil Kumar Padhiali, Company Secretary & Compliance Officer, and was submitted for information and records purposes.