Kiri Industries gets in-principle approval for preferential issue

Kiri Industries Ltd has received in-principle approval from BSE and NSE for the preferential issue of 60,82,600 warrants convertible into equity shares. These warrants will be issued to the Promoter and members of the Promoter group at a price not less than ₹475 per share. The stock exchanges have granted this approval, subject to the company complying with all relevant regulations, including strengthening internal controls to monitor trades by proposed allottees and obtaining necessary undertakings to prevent intra-day trading until allotment.