Kiri Industries Approves Preferential Issue of Warrants Worth ₹288.9 Cr

Kiri Industries Ltd's Board of Directors has approved a preferential issue of 60,82,600 warrants, convertible into equity shares, to promoters and promoter group members. The issue price is set at Rs. 475 per warrant, aggregating up to Rs. 288.92 crore. These warrants are convertible into fully paid-up equity shares within 18 months. The company also announced the convening of its Annual General Meeting on September 29, 2026, to seek shareholder approval for this preferential issue. The issuance represents up to 4.98% of the company's post-issue paid-up equity share capital.