KIRI INDUSTRIES LTD.

Kiri Industries Limited has announced the preferential allotment of 60,82,600 warrants, convertible into equity shares, to its promoter and promoter group, Manishkumar P Kiri & Others. The acquisition occurred on November 7, 2026. Following this allotment, the total holding of the acquirers along with PACs in warrants/convertible securities increased to 3,32,66,875, representing 51.05% of the equity share capital and 46.69% of the total diluted capital. The total transaction value is Rs. 65,16,80,000/-. The company's equity share capital post-acquisition is Rs. 71,25,06,000/-.

Kiri Industries Limited announced the allotment of 60,82,600 warrants to its promoters and promoter group via preferential issue. The issue price is INR 475/- per warrant, aggregating up to INR 288,92,35,000/- (INR 288.92 Crore). The company has received 26% of the issue price, amounting to INR 75,12,01,100/-, as an upfront payment. Upon full conversion, the promoters' shareholding will increase to 46.69% on a fully diluted basis. The equity shares issued upon conversion will be listed on BSE and NSE.

Kiri Industries Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, prepared by CRISIL Ratings Limited. The report pertains to the utilization of proceeds from a Preferential Issue (PI) of Warrants Convertible into Equity Shares. According to the report, there were no deviations from the stated objects of the issue, and all utilization was as per the Offer Document and shareholder approvals. The issue size was ₹492.02 Crores, and the funds were utilized for working capital, financial assistance, and GCP. CRISIL Ratings confirmed that they do not perceive any conflict of interest in their role as monitoring agency.

Kiri Industries Ltd announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results along with the limited review reports from statutory auditors M/s Pramodkumar Dad & Associates. The meeting was held on November 05, 2026. The results are also available on the company's website.

Kiri Industries Limited announced that its Board of Directors, in a meeting held on November 5, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The Limited Review Reports from statutory auditors, M/s Pramodkumar Dad & Associates, were also approved. The results and reports are available on the company's website. The meeting commenced at 11:00 A.M. and concluded at 02:00 P.M.

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.

Kiri Industries Ltd has announced that its Board of Directors will convene on November 5, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The meeting will be held at the company's registered office.

Kiri Industries Limited announced the completion of the share transfer process for 20,000,000 shares of Makilala Mining Company, Inc. (MMCI), representing 40% of its issued and outstanding share capital. The shares were acquired by Equinaire Holdings Limited (EHL), a wholly owned subsidiary of Kiri Industries, through a public auction. The Philippine Bureau of Internal Revenue issued an Electronic Certificate Authorizing Registration (eCAR) on October 26, 2026, facilitating the transfer. Following the eCAR's presentation to MMCI's Corporate Secretary, the transfer was recorded, and a new stock certificate was issued to EHL. EHL is now the registered holder of these shares and their associated rights.

Kiri Industries Ltd has provided detailed clarifications on the objects of its preferential issue of 60,82,600 convertible warrants, following queries from the National Stock Exchange of India Limited. The company specified the utilization of funds, amounting to ₹50 crore for working capital, ₹217.92 crore for financial assistance to group companies (Indo Asia Copper Limited, Indoasia Agrotech Fertilizers Limited, Kiri Infrastructure Private Limited) for their respective projects, and ₹20 crore for general corporate purposes. The utilization timeline for all funds is confirmed as within 24 months from receipt. A direct link to the PCS certificate was also provided.

Kiri Industries Ltd has announced the incorporation of its wholly-owned subsidiary, ANDEMINA SpA, in Chile. The subsidiary has an initial capital of Thirty Million Chilean Pesos (CLP 30,000,000) and an initial subscribed and paid-up capital of CLP 100,000. ANDEMINA SpA will be engaged in the exploration, development, extraction, processing, refining, and trading of minerals, ores, metals, and mining products. This move is aimed at exploring future business opportunities in the mining sector in Chile and other jurisdictions. The incorporation is a cash consideration, with Kiri Industries subscribing to the initial capital.