Kiri Industries Limited has submitted a statutory auditor certificate to stock exchanges confirming compliance with SEBI regulations following the recent conversion of warrants into equity shares. The company filed the certificate on April 15, 2026, through its Company Secretary Suresh Gondalia, addressing both BSE Limited and National Stock Exchange of India Limited.

Statutory Auditor Certificate Submission

The certificate was issued by M/s. Pramodkumar Dad & Associates, Chartered Accountants (Firm Registration No: 115869W), the company's statutory auditors. This submission fulfills the requirement under Regulation 169(5) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Recent Warrant Conversion Details

The certificate relates to the company's recent completion of warrant conversion, where 51,45,446 equity shares were allotted to promoters and promoter group members. The conversion was executed at an issue price of Rs. 369.00 per share, with the company receiving balance consideration of Rs. 181.00 per warrant, aggregating to Rs. 93,13,25,726.00.

Comprehensive Warrant Exercise History

The auditor's certificate provides a complete timeline of the warrant exercise process, which began with the initial allotment of 1,33,33,789 warrants on October 15, 2024. The conversion process was completed in multiple phases, with the final conversion occurring on April 11, 2026.

Regulatory Compliance and Documentation

The statutory auditor certificate confirms that Kiri Industries maintained all required documentation and complied with ICDR Regulations throughout the warrant conversion process. The auditors verified bank statements, board resolutions, and regulatory filings to ensure proper compliance with SEBI requirements.

The certificate specifically confirms that consideration was received from respective allottees' bank accounts with no circulation of funds or mere book entries. All relevant records and documents have been maintained by the company as required under the regulations. The shares are listed on BSE Limited (Scrip Code: 532967) and National Stock Exchange of India Limited (Scrip ID: KIRIINDUS).

Kiri Industries Limited has officially communicated to stock exchanges that it does not fall under the Large Corporate framework established by the Securities and Exchange Board of India (SEBI) for debt securities fund raising.

Regulatory Disclosure Details

The company submitted its non-applicability disclosure on April 14, 2026, addressing SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular specifically covers fund raising by issuance of debt securities by Large Entities and outlines disclosure and compliance requirements for Large Corporates.

Stock Exchange Communication

The disclosure was simultaneously submitted to both major Indian stock exchanges where the company's shares are listed. The communication confirmed that Kiri Industries Limited does not fall under the category or framework of Large Corporates as specified under the referenced SEBI circular.

Authorized Signatories

The regulatory disclosure was jointly signed by two key company officials, ensuring proper authorization and compliance with corporate governance requirements:

• Suresh Gondalia - Company Secretary (Membership No.: F7306)
• Jayesh Vyas - Chief Financial Officer

Business Operations

Kiri Industries Limited operates across multiple business segments with manufacturing facilities located in Gujarat. The company's operations span three main product categories:

• Dyes Manufacturing: Located at GIDC Vatva, Ahmedabad
• Intermediates Production: Situated in Dudhwada, Vadodara district
• Chemicals Manufacturing: Also based in Dudhwada, Vadodara district

This regulatory disclosure ensures transparency regarding the company's compliance status and clarifies that it is not subject to the specific requirements applicable to Large Corporates under the SEBI framework for debt securities fund raising.