Kiri Industries Limited has disclosed its strategic investment plan to acquire a majority stake in IndoAsia Agrotech Fertilizers Limited (IAFL) for Rs. 70 crore. The investment will be made through subscription of equity shares, positioning Kiri Industries to enter the fertilizer manufacturing sector.

Investment Structure and Shareholding Details

The acquisition involves subscription of 7 crore equity shares of IAFL at face value of Rs. 10 each, issued at par. Upon completion of this transaction, Kiri Industries will hold 99.93% of IAFL's equity share capital, making it a subsidiary company.

Target Company Profile

IndoAsia Agrotech Fertilizers Limited is an unlisted public company incorporated on July 16, 2024, under the Companies Act, 2013. The company has its registered office at 7th Floor, Hasubhai Chambers, Opp. Town Hall, Ellisbridge, Ahmedabad – 380006, Gujarat.

IAFL's current paid-up share capital stands at Rs. 5,00,000, divided into 50,000 equity shares of Rs. 10 each. The company is currently in the process of setting up a manufacturing facility for fertilizers in Gujarat and has not commenced commercial operations.

Related Party Transaction

The proposed investment constitutes a related party transaction under applicable listing regulations. Manish Kiri, Chairman and Managing Director of Kiri Industries, and Mrs. Anupama Kiri, wife of Mr. Manish Kiri, serve as Directors of IAFL. The transaction will be undertaken on an arm's length basis in compliance with regulatory requirements.

Strategic Rationale and Timeline

The investment is intended to facilitate IAFL in setting up its manufacturing facility for fertilizers, representing Kiri Industries' diversification into the fertilizer sector beyond its core dyes and chemicals business. The proposed investment is expected to be completed within one month, and no governmental or regulatory approvals are required for the acquisition.

Regulatory Compliance

Kiri Industries has made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been communicated to both BSE Limited and National Stock Exchange of India Limited, and is also available on the company's website at www.kiriindustries.com .

Kiri Industries Limited has announced its upcoming analyst engagement event, marking another milestone in the company's investor relations calendar. The chemical manufacturing company has scheduled its 11th Annual Valorem Analyst Conference for March 23, 2026, demonstrating its continued commitment to maintaining transparent communication with the investment community.

Event Details and Schedule

The analyst conference is structured as an in-person meeting, providing direct interaction opportunities between the company's management and financial analysts. The event details are outlined in the following schedule:

Regulatory Compliance and Information Sharing

The company has explicitly stated that no unpublished price sensitive information will be shared during the analyst meeting. This commitment ensures full compliance with regulatory frameworks and maintains fair disclosure practices across all stakeholders. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the company's adherence to mandatory disclosure requirements.

Company Operations and Business Segments

Kiri Industries Limited operates across multiple chemical manufacturing segments, with dedicated facilities for different product categories. The company maintains specialized operations for dyes, intermediates, and chemicals across various locations in Gujarat. The dyes division operates from Vatva, Ahmedabad, while the intermediates and chemicals operations are based in Dudhwada, Vadodara district. This diversified operational structure positions the company across different segments of the chemical manufacturing industry.

Investor Engagement Initiative

The 11th Annual Valorem Analyst Conference represents Kiri Industries' ongoing efforts to maintain regular dialogue with the financial community. Such analyst meetings typically serve as platforms for management to discuss business performance, strategic initiatives, and industry outlook while providing analysts with opportunities to gain deeper insights into the company's operations and future prospects.