Kothari Petrochemicals Approves Kothari Sugars Amalgamation

Kothari Petrochemicals Board approved Scheme of Amalgamation for Kothari Sugars and Chemicals into itself.
Share exchange ratio set at 1 KPL share for every 5 KSCL shares held, with no cash consideration.
Rationale includes structural simplification, cost synergies, and improved financial strength for the combined entity.
Scheme subject to NCLT, shareholder, creditor, SEBI, and stock exchange approvals.