Kiri Industries Limited — QIP/Rights/Pref., 13-11-2024: Allotment of Securities

Kiri Industries has completed the allotment of 3,794,751 equity shares following the conversion of an equal number of warrants, issued at Rs. 369/- per share. The promoters and members of the promoter group received shares after paying the outstanding amount of Rs. 181/- per warrant, totaling Rs. 68.68 crore. Post-allotment, the company's paid-up equity share capital increases to Rs. 55.62 crore. This conversion boosts the promoter group's shareholding from 26.72% to 31.71%, reflecting a significant restructuring of equity position.