Description
Kiri Industries Limited lists 43,93,592 new equity shares issued to promoters through warrant conversion, effective September 10, 2025.
Summary
Kiri Industries Limited (Scrip Code: 532967) has listed 43,93,592 new equity shares of Rs. 10/- each issued to promoters on a preferential basis through warrant conversion. The shares are effective for trading from September 10, 2025, with a lock-in period until March 14, 2027.
Key Points
- 43,93,592 new equity shares of face value Rs. 10/- each
- Issued at premium of Rs. 359/- (total issue price Rs. 369/-)
- Allotted to promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 55628963 to 60022554
- ISIN: INE415I01015
Regulatory Changes
No regulatory changes introduced through this circular.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in compliance required for the allotted shares
- Shares cannot be traded by promoters until lock-in expiry
Important Dates
- Allotment Date: August 11, 2025
- Trading Commencement: September 10, 2025
- Lock-in Expiry: March 14, 2027
Impact Assessment
The preferential allotment represents a significant addition to the company’s share capital, increasing promoter shareholding. The 18-month lock-in period ensures promoter commitment while the premium pricing at Rs. 369/- indicates confidence in the company’s prospects. This dilution may impact existing shareholders’ percentage holding but strengthens the company’s capital base.
Impact Justification
Significant share dilution through promoter preferential allotment with long-term lock-in period