Kiri Industries Allots 51.45 Lakh Equity Shares Following Warrant Conversion by Promoters

Kiri industries Limited has successfully completed the allotment of 51,45,446 equity shares to its promoters and promoter group members following the conversion of warrants on a preferential basis. The Board of Directors approved this allotment at their meeting held on April 11, 2026, marking the completion of the warrant conversion process initiated in October 2024.

Warrant Conversion Details

The conversion was executed at an issue price of Rs. 369 per share, including a premium of Rs. 359. The company received the balance consideration of Rs. 181 per warrant, representing 49.0515% of the warrant issue price, aggregating to Rs. 93,13,25,726.

Parameter Details Total Warrants Converted 51,45,446 Issue Price per Share Rs. 369 Balance Consideration per Warrant Rs. 181 Total Amount Received Rs. 93,13,25,726 Face Value per Share Rs. 10

Allottee-wise Breakdown

The warrant conversion involved four members of the promoter and promoter group, with all previously allotted warrants now fully converted into equity shares.

Name of Allottee Category Total Warrants Allotted Previously Converted Current Conversion Consideration Received (Rs.) Pending Warrants Manishkumar P Kiri Promoter 36,33,789 22,32,345 14,01,444 21,68,21,348 Nil Anupama Manishkumar Kiri Promoter Group 38,00,000 23,34,453 14,65,547 22,67,38,881 Nil Arunaben Pravinbhai Kiri Promoter Group 27,00,000 16,58,690 10,41,310 16,11,03,937 Nil Hemil Manishkumar Kiri Promoter Group 32,00,000 19,62,855 12,37,145 19,05,75,986 Nil Total 1,33,33,789 81,88,343 51,45,446 93,13,25,726 Nil

Impact on Share Capital Structure

Following the warrant conversion, the company's capital structure has been significantly enhanced. The issued, subscribed and paid-up equity share capital now stands at Rs. 65,16,80,000, divided into 6,51,68,000 fully paid-up equity shares of Rs. 10 each.

Metric Details New Paid-up Capital Rs. 65,16,80,000 Total Equity Shares 6,51,68,000 Face Value per Share Rs. 10 Previous Promoter Holding 36.72% Current Promoter Holding 41.71%

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newly allotted equity shares will rank pari-passu with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders.

With this conversion, all outstanding warrants have been fully converted, completing the preferential allotment process that began with the initial warrant allotment in October 2024. The successful conversion strengthens the promoter group's stake in the company while providing additional capital for business operations.

Kiri industries Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate demonstrates the company's adherence to regulatory requirements for share dematerialisation processes and maintains transparency in its securities operations.

Regulatory Compliance Certificate

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both major stock exchanges on April 03, 2026. Company Secretary Suresh Gondalia formally submitted the documentation to ensure regulatory compliance.

Parameter: Details Filing Date: April 03, 2026 Quarter Covered: Q4FY26 (ended March 31, 2026) Certificate Date: April 02, 2026 Regulation: SEBI Regulation 74(5) Company Secretary: Suresh Gondalia (M. No. F7306)

Registrar and Transfer Agent Confirmation

Cameo Corporate Services Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate dated April 02, 2026. The certificate confirms that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed according to regulatory requirements.

The registrar confirmed that securities received for dematerialisation were accepted or rejected appropriately, and all securities comprised in the certificates have been listed on stock exchanges where the company's previously issued securities are traded. Additionally, the certificate validates that security certificates received for dematerialisation were mutilated and cancelled after due verification by depository participants.

Process Verification

The compliance certificate verifies that the names of depositories have been substituted in the register of members as registered owners within the stipulated time limits under the captioned regulations. This ensures proper maintenance of shareholder records and compliance with SEBI guidelines for dematerialisation processes.

Stock Exchange Submission

The documentation was formally submitted to both BSE Limited and National Stock Exchange of India Limited, maintaining the company's commitment to regulatory transparency and proper disclosure practices. This quarterly filing represents part of Kiri Industries' ongoing compliance with securities market regulations and demonstrates adherence to prescribed reporting standards.

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