Kiri Industries Limited Confirms Non-Applicability of SEBI Large Corporate Framework for Debt Securities
Kiri Industries Limited has notified BSE and NSE that it does not fall under SEBI's Large Corporate framework for debt securities fund raising as per circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The disclosure, signed by Company Secretary Suresh Gondalia and CFO Jayesh Vyas on April 14, 2026, confirms the company's exemption from specific compliance requirements applicable to Large Corporates, ensuring regulatory transparency and proper disclosure obligations.

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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.
| Parameter | Details |
|---|---|
| Circular Reference | SEBI/HO/DDHS/CIR/P/2018/144 |
| Circular Date | November 26, 2018 |
| Disclosure Date | April 14, 2026 |
| Subject Matter | Fund Raising by Large Entities |
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.
| Exchange | Details |
|---|---|
| BSE Limited | Scrip Code: 532967 |
| National Stock Exchange | Scrip ID: KIRIINDUS |
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.
Historical Stock Returns for Kiri Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.33% | -5.23% | +11.39% | -29.78% | -34.26% | -3.02% |
What are the specific size or revenue thresholds that determine Large Corporate classification under SEBI's framework, and how close is Kiri Industries to meeting these criteria?
Will Kiri Industries' exclusion from the Large Corporate framework provide it with more flexible debt fundraising options compared to larger competitors in the chemicals sector?
How might this regulatory status impact Kiri Industries' ability to access capital markets for future expansion of its Gujarat manufacturing facilities?


































