MOU

Date: 30 SePtember 2026 The Corporate Relations Department BSE Limited P.J. Towers, Dalal Street, Mumbai - 400001 Scrip Code: 509732 Subject: rntimation regarding execution of Memorandum of Understanding for proposed Joint Venture for Ship Recycling and Ship Care Business Dear SirAvladam, ions and Di sclosure Requirements) Regulation s' 20I 5' ion Limited ("KICL") has entered into a Memorandum Exit Company BV, Netherlands ("EEC") and ALAR' ship recycling and ship care, first time in India in rnational standards. The key terms of the MoU are as follows: 1. Proposed Joint venture: The parties propose to undertake necessary steps for formation of a Joint Venture company in the State of Tamil Nadu, India, for carrying out ship recycling and ship care business. a with 2. Ship Recycling: The proposed regulations d applicable international Recycling and Environmentally Sound internationally accepted environmental, health and 3. Land Identification and Regulatory Facilitation: KICL will facilitate and coordinate the legal, regulatory and administrative requirements for identiffing and securing suitable land within or in the vicinity of Tuticorin Port for the proposed activities' 4. Proposed Joint venture Agreement: The parties intend to undertake necessary steps towards preparation and finalisation of the Joint venture Agreement in relation to the proposed venture' 5. Nature of the MoU: The Mou records the understanding between the parties for exploring the proposed business opportunity and does not, by itself, constitute an agreement for the proposed financing or completion of the proposed transaction' KOTHARI INDUSTRIAL CORPOMTION LIMITED CIN No. L8l 100TN1970P1C005865 m*:"gr:hors €D +;l 11121i122t Kothori Building - No. I i 4/l I 7, Mohofmo Gondhi Soloi Nungombokkom, Chennoi - 600 034. 6.FurtherDeve *l 'o rp m u.e n ,.t rs ti: eT ch te tp or o cp oo ms pe td "J tiV on,i n ov ie ns etm '"se sn at r,c yo dm um edrilcigiaelanrcrea'n ngeegmoetianttisoannsd' cdoemfinmiteivnec eamgreenemt ents' of operation, ,"r"t*"O approvals and other applicable conditions' The company will make further discl pos uu "r ue as n t to t oth te h eS t ao pc pk l iE cax bch lea pn rg oe v ia ss io a nn sd ow fh te hn e t sh Ee Bp Ir o Lp io ss tie nd g t Rra en gs ua lc at ti io on ns' progresses arra ue"ome, crystallised This is for your information and records' Thanking You' For Kothari Industrial Corporation Limited Anil Kumar Padhiali Company Secretary & Compliance Officer CKO INT H NA oR . I L I 8N lD 1U 0S 0T TR NI 1A 9L 7 C 0PO 1R CP 0O 0R 5A 8T 6I 5ON LIMITED mm3l":hors @ l;l 1i133i122! Kothori Building - No. I l4l'l 17, Moholmo Gondhi Soloi Nungombokkom, Chennoi - 600 034.