Board approves preferential warrants issue worth Rs 288.92 cr to promoters

Fund Raising View source PDF Explain this filing

KIRIINDUS · price

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Price reactionminutes from the announcement price · days from the prior close

-3.0%Reaction day

₹534.00

prior close

₹533.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-2.0% vs market

Dyes And Pigments peers, median of 9sector-0.6%-2.4% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.4 pts less than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-1.0

15m

-0.9

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.0-1.0-2.0-0.6-2.4

Next day

-2.2-1.5-0.7-0.0-2.2

+8.1-0.9+9.1-0.5+8.7

+5.1-0.3+5.4-0.4+5.6

+8.6+0.1+8.5+4.5+4.1

+9.4+0.7+8.7+3.6+5.8

-1.7+0.3-2.0+0.4-2.1

15d

+6.7+1.0+5.8+2.8+3.9

+2.1-2.4+4.4-0.8+2.8

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UpDownMarket · Nifty Microcap 250Sector · Dyes And Pigments peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved issuing 60,82,600 convertible warrants at Rs 475 each to promoter group (Manishkumar Kiri, Anupama Kiri, Hemil Kiri) via preferential issue. Total size about Rs 288.92 crore, representing up to 4.98% of post-issue equity. Each warrant convertible into 1 equity share within 18 months. AGM scheduled for Sep 29, 2026.

Likely market impact

Promoter investment signals confidence; potential dilution of up to 4.98% upon warrant conversion within 18 months.