Kiri Industries submits voting results for 28th AGM held Sep 29
- Kiri Industries held its 28th AGM on September 29, 2026 via video conference, adopting audited FY26 standalone and consolidated financial statements
- The meeting re-appointed Manish Kiri as Director and passed special resolutions on warrant issuance, borrowing powers, and asset pledge creation
- Material related party transactions were approved involving Indo Asia Copper Limited, Kiri Infrastructure Private Limited, Indoasia Agrotech Fertilizers Limited, and Lonsen Kiri Chemical Industries Limited
- The scrutinizer's report and voting results were submitted to BSE and NSE on September 30, 2026, as required under SEBI listing regulations and the Companies Act, 2013
*this image is generated using AI for illustrative purposes only.
Kiri Industries Limited held its 28th Annual General Meeting on September 29, 2026, where members adopted the audited standalone and consolidated financial statements for FY26. The meeting was conducted via video conference between 11:00 am and 12:20 pm.
The company briefed shareholders on the industry scenario, financial performance, updates regarding a court case in Singapore, and the status of new ventures. Procedural compliance was maintained under SEBI and MCA circulars, with e-voting used for all resolutions.
Key resolutions passed
The agenda included both ordinary and special businesses. Ordinary resolutions covered the adoption of financial statements and the re-appointment of Manish Kiri, who retired by rotation. Special resolutions focused on capital structure and borrowing capacities.
| Resolution type | Key approval |
|---|---|
| Ordinary | Adopt audited FY26 standalone and consolidated financials |
| Ordinary | Re-appoint Manish Kiri as Director |
| Special | Issue warrants convertible into equity to promoters on preferential basis |
| Special | Increase borrowing powers under Section 180(1)(c) |
| Special | Approve creation of pledge or charge on assets under Section 180(1)(a) |
Related party transactions approved
A significant portion of the special business involved approving material related party transactions. These resolutions authorized investments in and loans to several entities within the promoter group.
- Investment in and loans to Indo Asia Copper Limited
- Investment in and loans to Kiri Infrastructure Private Limited
- Investments by Indo Asia Copper Limited and Indoasia Agrotech Fertilizers Limited in securities of Kiri Infrastructure Private Limited
- Transactions with Lonsen Kiri Chemical Industries Limited
Scrutinizer's report submitted
On September 30, 2026, Kiri Industries submitted the scrutinizer's report and voting results to BSE Limited and the National Stock Exchange of India Limited, in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014. The report was issued by Rajesh C. Tarpara, Partner of M/s. RTBR & Associates, Practicing Company Secretaries, Ahmedabad. The submission was signed by Suresh Gondalia, Company Secretary of Kiri Industries.
Historical Stock Returns for Kiri Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.30% | +0.24% | +9.92% | +54.54% | -2.34% | +5.20% |
How will the approved increase in borrowing powers and asset pledging capabilities impact Kiri Industries' debt profile and credit rating in the coming fiscal year?
What specific strategic objectives are driving the preferential warrant issuance to promoters, and how might this dilution affect minority shareholder value?
What are the projected revenue contributions from the new ventures mentioned, particularly regarding Indo Asia Copper Limited's expansion plans?
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