KOTHARI INDUSTRIAL : ACQUIRES 30% STAKE IN PHOENIX KOTHARI FOOTWEAR

• Phoenix Kothari Footwear allotted 4.50 Cr equity shares to KICL on 05.11.2026 • Post-allotment, KICL's shareholding in Phoenix Kothari Footwear stands at 30% • Phoenix Kothari Footwear is in the footwear business in India; turnover for FY2025-26, FY2024-25 and FY2023-24 is Nil • Acquisition aimed at strengthening KICL's presence in the footwear business and supporting long-term growth strategy

Kothari Industrial Corporation Ltd

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