Enclosed herewith Monitoring Agency Report for the year 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 received Rs 398.88 crore from the September-October 2024 preferential issue of convertible warrants at Rs 369 per share. CRISIL Ratings Limited, as monitoring agency, confirms Rs 398.41 crore (81%) has been deployed towards stated objects including debt repayment (Rs 122.35 crore), working capital (Rs 147.77 crore), legal fees for Singapore case (Rs 37.08 crore), financial assistance to group companies (Rs 70 crore), and general corporate purposes (Rs 21.21 crore). No proceeds were utilized during Q4 FY26, with Rs 0.47 crore parked in fixed deposit and preferential issue account. The warrants are currently in-the-money with market price at Rs 424 versus issue price of Rs 369. The company received the entire expected proceeds by April 2026 upon warrant conversion. No deviations or delays were reported.
The filing confirms proper fund utilization with no irregularities. The in-the-money warrants (issued at Rs 369, now Rs 424) indicate favorable conditions for warrant holders and successful capital raising. Unutilized funds are temporarily parked safely in FDs pending deployment.