Kothari Industrial Corporation Ltd

LOA awards summary

• Awarding entities: Thuraiyur, Musiri, Koothanallur, Pattukkottai, Srivilliputhur, Adirampattinam Municipalities, Tamil Nadu.
• Nature: food service provider for Perunthalaivar Kamarajar Breakfast Scheme.
• Contract values per LOA: Thuraiyur ₹1,31,70,830.40.
• Musiri LOA: ₹1,62,67,633.20.
• Koothanallur LOA: ₹93,28,082.40.
• Pattukkottai LOA: ₹2,45,55,913.20.
• Srivilliputhur LOA: ₹4,30,91,521.20.
• Adirampattinam LOA: ₹1,37,96,218.80.
• Total LOA value: ₹12.02 crore for 3 years.
• LOA Date: 24.08.2026; Contract period: 3 years.
• Execution conditioned on security deposit and agreement compliance.
• Domestic entities; no promoter/group interest; no related party transactions.

Order details

• Awarding entity: Integral Coach Factory, Shell Depot, Chennai, Indian Railways.
• Nature and scope: Comprehensive Material Handling Service Contract with equipment and manpower deployment.
• Contract value: ₹25,421,938.88 including GST.
• Execution timeline: Start within 1 day of LOA; complete within 365 days.
• Type: Domestic award; contract with domestic entity.
• Promoter/related party: None; arm's length.
• LOA date: 24 August 2026.

Award recognition

• Una Villa Restaurant & Bakery linked to Kothari Industrial named Best Retailer of the Year, 2026.
• No financial impact or governance changes disclosed.

Proposed MoUs with Tamil Nadu

• Tamil Nadu MoU for Design Education project; 50 crore in five years; 150 direct, 100 indirect jobs.
• MoU with Tamil Nadu for Non-Leather Footwear Manufacturing by Phoenix Kothari Footwear; employment ~10,000 (8,500 direct, 1,500 indirect).

Meeting Details

• Board meeting at the registered office on 14 August 2026 to consider unaudited quarterly results (June 30, 2026).

Key Agenda Items

• Unaudited standalone and consolidated financial results for quarter ended June 30, 2026 to be considered.

Phoenix Kothari Footwear update

• Boards of Phoenix Kothari Footwear and subsidiaries met on 30 July 2026 to review projects.
• KICL, a significant shareholder, may infuse capital subject to corporate, statutory, and regulatory approvals.
• Exploration of funding options, including fund infusion strategies, to grow the JV footprint in India.
• Expansion focus includes Tamil Nadu; no amounts disclosed.
• Board meeting chaired by Dr. Jinnah Rafiq Ahmed.

Subsidiary formation details

• Target: Kothari Industrial IUAD Design Private Limited, incorporated July 27, 2026, India.
• Purpose: JV to host Accademia IUAD Italy education campus in Hosur for design disciplines.
• Ownership: 51% held by Kothari Industrial Corporation Limited; 49% by JV partner.
• Capital: 25,50,000 equity shares of Rs10; total Rs 2,55,00,000.
• Consideration: Cash, Rs 2,55,00,000 for 51% stake.
• Regulatory: Incorporation under Companies Act, 2013; no specific approvals stated.
• Background: Campus in India of Accademia IUAD, Italy; education and skill development in design.
• Status: No business operations as of incorporation date.
• Industry: Education and design; sector: design education and allied disciplines.
• Timeline: Incorp. July 27, 2026; timeline for operations not specified.
• Related party: Not disclosed.

Award details

• Awarding entity: GeM on behalf of Indian Railways, Southern Railway.
• Nature and scope: 5 x 3-ton diesel vehicles with crew for wagon repair.
• Execution period: commence on/after February 2026; 600 working days duration.
• Domestic entity: Indian Railways (Government of India).
• Terms: service contract; GeM terms and conditions apply.

Dematerialisation processing

• Dematerialisation requests were confirmed to depositories by the RTA (accept/reject) and listed on exchanges.
• Certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within 15 days.