Kiri Industries Allots 51.45 Lakh Equity Shares to Promoters via Warrant Conversion

Kiri Industries Ltd has announced the allotment of 51,45,446 equity shares to its promoters and promoter group members. These shares were issued upon the conversion of an equal number of warrants at an issue price of ₹369 per share, including a premium of ₹359. The company received the balance consideration of ₹181 per warrant, totaling ₹93,13,25,726. Following this conversion, the company's issued, subscribed, and paid-up equity share capital has increased to ₹65,16,80,000, comprising 6,51,68,000 fully paid-up equity shares. The promoter/promoter group shareholding has risen from 36.72% to 41.71%, and no warrants remain outstanding for conversion.