KIRI INDUSTRIES LTD.

Kiri Industries Ltd has announced the closure of its trading window for dealing in the company's equity shares. This closure is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut for all designated insiders from July 1, 2026, until 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. This measure is standard practice to prevent insider trading during the sensitive period leading up to and immediately following the announcement of financial performance.

Kiri Industries Ltd has re-appointed M/s. Vishal Khokhar and Associates, Chartered Accountants, as its Internal Auditors for the financial year 2026-27. The decision was made based on the recommendation of the Audit Committee and approved by the Board of Directors in their meeting held on May 30, 2026. Mr. Vishal Khokhar has over 4 years of experience in Statutory Audit, Branch Audit of Banks and Tax Audits.

Kiri Industries Ltd. announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting on May 30, 2026. The results, along with an unmodified audit report from M/s. Pramodkumar Dad & Associates, are available on the company's website. The board also reviewed management notes on financial performance and a declaration of an unmodified audit report. A key point is the treatment of the Singapore court award, with a portion considered taxable based on legal opinion.

Kiri Industries Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in their meeting held on May 30, 2026. The board also took note of the audit report issued by M/s. Pramodkumar Dad & Associates, along with an unmodified opinion on the financial results. The meeting commenced at 11:00 a.m. and concluded at 02:30 p.m. The results are available on the company's website.

Kiri Industries Ltd has announced a meeting of its Board of Directors on May 30, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

Kiri Industries Ltd has released the Monitoring Agency Report by CRISIL Ratings Limited for the quarter ended March 31, 2026, regarding the utilization of proceeds from a preferential issue of warrants convertible into equity shares. The report confirms that no proceeds were utilized during the quarter, with unutilized funds parked in fixed deposits and a preferential issue account. The report declares an objective view of the utilization of issue proceeds based on information provided by the issuer.

Kiri Industries Ltd received warning letters from BSE and NSE for alleged non-compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30(7) and 4(1). The non-compliance pertains to the delayed disclosure of extensions to the long-stop date for the en bloc sale of DyStar. The company clarified that the court-mandated long-stop date for the DyStar sale is December 31, 2025, and interim extensions granted by the court-appointed receiver were not considered material for disclosure. Kiri Industries stated it will comply with the directions in the warning letters and ensure adherence to applicable regulations. The company confirmed there is no impact on its financials, operations, or other activities.

Kiri Industries Ltd's wholly-owned subsidiary, Equinaire Holdings Limited, has executed an Assignment Agreement with Maharlika Investment Corporation (MIC) to acquire a loan of USD 9,764,090.63. This loan was originally extended to Makilala Mining Company, Inc. (MMCI) for the Maalinao-Caigutan-Biyog (MCB) Copper-Gold Project in the Philippines. This acquisition is a strategic precursor to securing preferential off-take arrangements for copper ore/concentrate from MMCI, which will benefit Kiri's upcoming copper facility being developed by Indo Asia Copper Limited. The move aims to strengthen the Group's access to critical raw materials, ensuring a stable and long-term supply of copper. The assignment is on an "as-is, where-is" basis, with an upfront deposit of USD 5,000,000 and the balance payable on the closing date, expected within 7 business days after 60 days from the agreement date of April 27, 2026. The transaction has no direct impact on the management or control of Kiri Industries.

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.

Kiri Industries Ltd has approved 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. This preferential allotment increases the company's issued, subscribed, and paid-up equity share capital to ₹65,16,80,000, divided into 6,51,68,000 fully paid-up equity shares. Consequently, the promoter/promoter group shareholding has increased from 36.72% to 41.71%. All previously allotted warrants have now been converted.