Kothari Industrial hits the roof after signing MoU with Accademia IUAD, Italy

Kothari Industrial Corporation locked in the upper circuit of 2% at Rs 527.40 after the company entered into a Memorandum of Understanding (MoU) with Accademia IUAD, Italy, a reputed Design University, for establishing a Joint Venture in India.

The objective of this arrangement is to collaborate in establishing a training center of international standard in Tamil Nadu, initially dedicated to the footwear and fashion accessories sectors with potential expansion into other departments aligned with IUAD?s educational portfolio. The centre will provide specialized training and education in the field of design, fashion, and related disciplines through a structured program.

This strategic tie-up is expected to leverage the academic expertise of Accademia IUAD and the business capabilities of the company to promote skill development and professional opportunities in the sector.

Kothari Industrial Corporation is engaged in manufacturing and mixing of fertilizers, providing drone services, as well as operating in hospitality, footwear and leather activities. The company reported standalone net loss of Rs 1.92 crore in Q1 FY26 compared with net profit of Rs 0.27 crore in Q1 FY25. Net sales surged 231.1% YoY to Rs 39.20 crore in Q1 FY26.

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