Kothari Industrial Corporation Limited has received a Letter of Acceptance from Integral Coach Factory (ICF), Chennai, for a service contract. The contract involves hiring of 3 Ton & 5 Ton Forklift Trucks with drivers, fuel and associated staff for movement of coach items from store wards to designated locations/coaches in Furnishing Division Shops of ICF.
The total contract value is ₹94,473,428.11 (Rupees Nine Crore Forty-Four Lakh Seventy-Three Thousand Four Hundred Twenty-Eight and Eleven Paise Only), approximately ₹9.45 Crore.
The contract must be executed and completed within 580 days from the date of issuance of the Letter of Acceptance. The contract is subject to standard tender terms and conditions, including submission of a Performance Guarantee equivalent to 5% of the contract value and execution of a formal agreement.
The company has confirmed that this contract does not fall within the ambit of related party transactions under SEBI Listing Obligations and Disclosure Requirements Regulations. This disclosure is made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, with additional details provided in Annexure-A as required by the SEBI Master circular dated January 30, 2026.
The disclosure was signed by Anil Kumar Padhiali, Company Secretary cum Compliance Officer, on June 27, 2026.