BSEBoard Meeting6d ago · 14 Aug 2026, 04:20 pm
Results
Kothari Industrial Corporation Ltd · 509732
✦ AI SummaryResults
Kothari Industrial Corporation Ltd has announced its un-audited standalone and consolidated financial results for the quarter ended 30th June, 2026, reporting a loss. The company has a clear business plan for expansion and believes it has adequate financial resources to continue operations.
Analysis Scores
Earnings Impact2/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk6/10
Liquidity Impact5/10
Market Sentiment5/10
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Kothari Industrial Corporation Ltd - 509732 - Board Meeting Outcome for Un-Audited Standalone And Consolidated Financial Results For The Quarter Ended 30Th June, 2026
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Date: 14.08.2026
BSE LIMITED
P.J.Towers Dalal Street
Mumbai-400001
Scrip Code: 509732
Dear Sir/Madam,
sub: un_Audited standarone and consoridated Financial Results for the quarter ended 30th
June,2026
yo Board of Directors of our company was held today'
This is to inform at the Company which approved and took on record the
l4th August 2 s0 t2 a6 ndal Financial Results for the Quarter Ended 30th June
Un-Audited
2026.
Start Time of the Board Meeting- 02'00 PM
End Time of the Board Meeting - 04'10 PM
Kindly take the same on your record & oblige'
Thanking You,
Yours FaithfullY'
For Kothari Industrial Corporation Limited
Anil Kumar Padhiali
Officer
Company Secretary and Compliance
KOTHARI INDUSTRIAL CORPOMTION LIMITED 8 @ l;l
CIN No. L8l 100TN1970P1C005865 rolies@ko'horis 1i1zi31z2i
Kothori Building - No. I l4ll'17, Mohotmo Gondhi Soloi
Nungombokkom, Chennoi - 600 034.
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Notes for standalone financial statements
This statement is as per Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 20'15 amended from time to time.
2 The Company is engaged in trading of Fertilizer, Leather, Hotel & Restaurants, Drone services,
Logistics & Facility Management and Media
The above standalone financial results for the quarter ended 30th June 2026 have been
prepared in accordance with the Companies (lndian Accounting Standard) Rules, 2015, as
amended, ("lnd AS") prescribed under Section 133 of the CompaniesAct, 2013 and other
recognised accounting practices and policies to the extent applicable.
4 The above Standalone Financial results, Segment Results for the quarter 30th June 2026 have
been reviewed and recommended by the Audit Committee and approved by the Board of
Directors at their respective meetings held on 14th August 2026. The results have been
reviewed by the Statutory Auditor.
The Company has incurred loss during the current Quarter. The Management has a clear
business plan for expansion with plans for additional financing. The Company believes it has
adequate financial resources to continue operations for the foreseeable future. Accordingly,
the financial statements have been prepared on a going concern basis.
h During the financialyear2023-24,the Company sold its land and plant & machinery at Ennore
to Coromandel International Limited for Rs.50.28 crore. However, the Sub-Registrar valued
the assets higher atRs.128.74 crore and Rs.8.51 crore, respectively, and stamp duty was paid
on these values. The Company plans to seek a valuation from the Income Tax Valuation Officer
and pursue further steps, including appeals, if required. Capital gains have been computed
based on the actual consideration received, and any resulting tax impact will be accounted for
in the relevant oerioc.
7 The Company had recognized a Government subsidy receivable amounting to t80.77 lakhs,
which had remained outstanding for more than eight years as at 31st March 2026. During the
quarter ended 30th June 2026, the Company pursued follow-up with the authorities but
subsequently concluded that recovery of the subsidy was not feasible. Accordingly, the
Company has written off the said receivable in Q1 of FY 2026-27.
8 The proceedings initiated by the Collector of Nilgiris for the repossession of certain plots of
land in Coonoor, earmarked for public use, have been challenged by the Company through a
writ petition filed before the Madras High Court. The matter is currently pending adjudication.
We wish to inform you that the subsidiary company, namely KOTHARI INDUSTRIAL IUAD
DESIGN PRIVATE LIMITED (ClN: U85499TN2026PTC195911), has been incorporated on
July 27,2026, under the Companies Act, 2013. The Company holds 51% of the paid-up equity
share capital of the subsidiary.
10 The Company has paid t32.13 crore to SIPCOT towards allotment of land at Melur, Tamil
Nadu, for setting up a footwear factory. The lease agreement for the said land has not yet
been executed as at the reporting date. Accordingly, no Right-of-Use Asset or Lease Liabilig
has been recognised under Ind AS 116 pending execution of the lease agreement. The amount
paid has been carried as an advance/deposit pending the lease documentation.
The Management will review the impact in the next qua
I ----
lis:t"
11 During the first year of the agreement with Royer Group ("Kickers" brand) i.e. from June 2024
to July 2025, the Company was granted a waiver of the Minimum Guaranteed Royalty in order
to facilitate brand promotion, branch openings, and production ramp-up For the second year
(July 2025 to June 2026), the contractual royalty payable was EUR 189,048; however,
following negotiations initiated in March 2026, a revised term sheet was finalized reducing the
liability to 50% of the original amount, i.e., EUR 94,524, payable in three tranches-EUR
47,262 on 3'1 July 2026, EUR 23,631on 31 December2026, and EUR 23,631on 31 March
2027 out of which E
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