<h1>Subsidiary of Kothari Group Launches State-of-the-Art Footwear Manufacturing Facility in Tamil Nadu</h1>
Kothari Industrial Corporation Ltd has announced that its associate company, Phoenix Kothari Footwear Private Limited, is establishing a major manufacturing facility through its subsidiary. Evervan Kothari Footwear Private Limited is setting up a state-of-the-art production unit located in Karur, Tamil Nadu. The new facility will be dedicated to the manufacture of Adidas footwear.
The establishment of this advanced manufacturing base marks a significant milestone for the group's operations. The ceremony marking the groundbreaking of the proposed facility has been scheduled for July 10, 2026.
The Ground Breaking Ceremony is set to be graced by the Hon’ble Chief Minister of Tamil Nadu. Kothari Industrial Corporation Ltd provided details regarding the event, enabling shareholders and interested parties to learn about this expansion in the footwear industry.
KOTIC Stock Price Movement
Kothari Industrial Corporation Limited shares are gaining robustly at ₹177.51 as of 11:41 AM, driven by a significant rise in value compared to previous trading sessions. The stock sees action amidst a reported volume of 27,954 shares during the live market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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