Kiri Industries Approves ₹288.92 Crore Preferential Warrant Issue For Promoters

Board approved a preferential issue of 6,082,600 promoter-group warrants at ₹475 each, raising up to ₹288.92 crore. Each warrant converts into one share within 18 months; warrants represent up to 4.98% of post-issue fully diluted capital, subject to regulatory and shareholder approvals. Context: an equity funding route emerges while project financial closure remains pending.