Kiri Industries Approves ₹288.92 Crore Promoter Warrant Preferential Issue

Board approved a preferential issue of 60,82,600 warrants to three promoter-group investors at Rs 475 each, aggregating up to Rs 288.9 Cr. Each warrant converts into one equity share within 18 months and represents up to 4.98% of post-issue diluted capital. This breaks Kiri Industries' established no-equity-dilution pattern and provides fresh promoter-backed capital while the company pursues its large copper–fertiliser platform. The issue remains subject to shareholder and regulatory approvals; use of proceeds, conversion timing and the ultimate dilution quantum are not disclosed. AGM is scheduled for September 29, 2026.