Enclosed herewith Monitoring agency report fo rthe quarter ended on March 31, 2026.
KIRIINDUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kiri Industries has submitted its quarterly monitoring agency report for Q4 FY2026 (ended March 31, 2026) covering the utilisation of ₹492.02 crore raised via a preferential issue of fully convertible warrants issued between September–October 2024 at ₹369 per share. The company received the full ₹398.88 crore upon warrant allotment and conversion, with ₹398.41 crore deployed across five objects: debt repayment (₹122.35 crore of ₹125 crore), working capital (₹147.77 crore of ₹150.02 crore), legal/professional fees for Singapore case (₹37.08 crore of ₹50 crore), financial assistance to group/subsidiary companies (₹70 crore of ₹117 crore), and general corporate purposes (₹21.21 crore of ₹50 crore). No proceeds were deployed during the reported quarter. Remaining unutilised funds of ₹0.47 crore are parked in a fixed deposit and the preferential issue account. The entire warrant proceeds have now been received following warrant conversion announced on April 11, 2026. The current market price of ₹424 per share is above the warrant issue price of ₹369, indicating in-the-money conversion.
The preferential issue proceeds are largely deployed with no deviations or delays reported, which is a positive indicator of fund management discipline. The warrants are in-the-money (₹424 vs ₹369 issue price), suggesting earlier investors have profitable conversion optionality. No immediate dilution or negative signal to existing shareholders.