Mumbai, September 26 (Udaipur Kiran News). Shares of Kothari Industrial Corporation Ltd soared on Thursday, hitting the upper circuit limit after the company announced signing a Memorandum of Understanding (MoU) with Accademia IUAD, a reputed design university from Italy.

The stock was locked at ₹527.40, up ₹10.30 (1.99%) from its previous close of ₹517.10 on the BSE. It opened at ₹527.40 and remained at the same level throughout the session. The company’s market capitalisation currently stands at ₹5,527.32 crore.

Over the past 52 weeks, the stock has touched a high of ₹624.95 (09-Sep-2025) and a low of ₹26.56 (26-Sep-2024).

Promoters hold 47.25% stake, while institutions own 2.49% and non-institutional investors hold 50.25%.

MoU with Accademia IUAD

Under the MoU signed on September 24, 2025, Kothari Industrial Corporation and Accademia IUAD will jointly establish a training centre of international standards in Tamil Nadu.

Initially, the centre will focus on footwear and fashion accessories, with plans to expand into other design-related disciplines offered by IUAD. The initiative aims to provide specialized training and education in design and fashion, leveraging IUAD’s academic expertise and Kothari’s business capabilities.

The collaboration is expected to promote skill development, create professional opportunities, and contribute to the growth of India’s design and fashion ecosystem.

Kothari Industrial Corporation, traditionally engaged in fertilizer manufacturing and trading, is now diversifying into education and skill development through strategic global tie-ups.