KIRIINDUS

Kiri Industries Converts Warrants Into Equity; Promoter Stake Rises • 🔄 Warrant Conversion: 51.45 lakh warrants converted into equity shares • 💰 Fund Infusion: Company receives ~₹93.13 Cr on conversion • 👥 Promoter Participation: All allotment done to promoter & promoter group • 📈 Stake Increase: Promoter holding rises from ~36.72% to ~41.71% • 🧾 Preferential Allotment: Shares issued at ₹369 per share • ✅ No Pending Warrants: Entire warrants fully converted Impact: 🟢 Positive – Capital infusion + higher promoter confidence boosts sentiment