Kiri Industries Limited has informed the Exchange regarding 'Submission of Certificate Under Regulation 169(5) Of SEBI (ICDR)Regulations, 2018'.
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Kiri Industries Limited submitted a statutory auditor's certificate confirming compliance with SEBI ICDR Regulations for preferential allotment of shares. The filing documents the conversion of warrants into equity shares across four tranches: 13.33 million warrants in October 2024, 3.79 million shares in November 2024, 4.39 million shares in August 2025, and 5.14 million shares in April 2026. The auditors verified receipt of Rs. 250.67 crore (50.95% upfront) plus Rs. 241.34 crore (balance 49.05%) totaling approximately Rs. 492 crore in consideration, confirming funds were received from allottees' bank accounts with no circulation of funds or book entry manipulation.
This regulatory compliance filing confirms proper completion of preferential warrant conversions to equity shares, expanding the company's paid-up capital. The conversion process has been executed as per SEBI regulations with auditor verification.