Description
43,93,592 equity shares of KIRI INDUSTRIES LIMITED listed on BSE from September 10, 2025, issued through preferential allotment to promoters.
Summary
KIRI INDUSTRIES LIMITED (Scrip Code: 532967) has listed 43,93,592 new equity shares on BSE effective September 10, 2025. These shares were issued to promoters through preferential allotment pursuant to conversion of warrants at Rs. 369 per share.
Key Points
- 43,93,592 equity shares of Rs. 10/- each listed
- Issue price: Rs. 369/- (Rs. 10 face value + Rs. 359 premium)
- Issued to promoters on preferential basis through warrant conversion
- Shares rank pari-passu with existing equity shares
- Date of allotment: August 11, 2025
- ISIN: INE415I01015
Regulatory Changes
No regulatory framework changes. Standard listing procedure for preferential allotment.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in requirements apply to all issued shares until March 14, 2027
- Shares subject to promoter holding disclosure requirements
Important Dates
- Date of Allotment: August 11, 2025
- Trading commencement: September 10, 2025
- Lock-in period expires: March 14, 2027
Impact Assessment
The preferential allotment increases the company’s equity base and strengthens promoter holding. The 18-month lock-in period provides stability but restricts immediate liquidity for these shares. Market impact expected to be moderate given the promoter nature of allotment.
Impact Justification
New equity listing increases share capital and affects ownership structure with lock-in period