The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manishkumar P Kiri & PACs

Promoter Stake BuyPromoter Below 50pctOwnership Changes View source PDF

KIRIINDUS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+4.0%1-day move

₹405.80

prior close

₹401.35

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.1-0.1+0.0—+4.0+4.2+3.2+1.8+2.8+0.7+4.9-2.3-3.2-0.7

Up moveDown movePending

AI summary

Kiri Industries' promoter group (Manishkumar P Kiri and Persons Acting in Concert) received allotment of 51,45,446 equity shares upon conversion of warrants issued on preferential basis. The conversion was approved by the Board on April 11, 2026. Before the transaction, the promoter group held 36.62% voting rights (2,19,79,256 shares). After conversion, their holding increased to 41.62% (2,71,24,702 shares). The total share capital expanded from 6,00,22,554 to 6,51,68,000 equity shares due to this preferential allotment. The group also holds 59,573 pledged shares (0.09%).

Likely market impact

Promoter holding increased by ~5 percentage points to 41.62%, strengthening promoter control. The stock may see reduced free float as promoter stake grows. Remaining distance to 50% threshold could signal potential future stake-building.