Kiri Industries Promoters Convert Warrants, Increase Stake to 41.62%

Kiri Industries' promoter group, led by Manishkumar P Kiri, has increased its shareholding by converting 51,45,446 warrants into an equal number of equity shares. This preferential allotment, approved by the Board on April 11, 2026, boosts the promoter and PACs' voting rights from 36.62% to 41.62% of the company's expanded equity capital. The total diluted shareholding for the group remains at 41.71%, as the warrants were already accounted for in the diluted capital. This conversion results in an increase in the total equity shares of Kiri Industries from 6,00,22,554 to 6,51,68,000.