Kiri Industries Limited has submitted a revised investor presentation for March 2026 to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company acknowledged that an incorrect version was inadvertently uploaded initially and has now provided the updated presentation.

Presentation Submission Details

Company Secretary Suresh Gondalia signed and submitted the revised presentation on March 20, 2026. The presentation is also available on the company's website at www.kiriindustries.com .

DyStar Resolution Brings Major Capital Realization

The presentation highlights the successful conclusion of the prolonged legal dispute relating to the company's investment in DyStar following the final order of the Singapore Court. This resolution has resulted in substantial capital realization for Kiri Industries.

Strategic Diversification into Copper and Fertilizers

With the DyStar matter resolved, Kiri Industries is entering a new strategic phase focused on long-term growth through diversification. The company has established Indo Asia Copper Limited and IndoAsia Agrotech Fertilizers Limited as wholly owned subsidiaries to develop an integrated copper smelting and fertilizer complex in Jafrabad, Gujarat.

Copper Project Specifications

The copper smelting facility will process imported copper concentrate and copper scrap into refined copper products, addressing India's structural copper supply gap.

Integrated Fertilizer Operations

The fertilizer project will utilize sulfur dioxide generated during copper smelting for phosphatic fertilizer production, improving overall project economics through efficient by-product utilization.

Project Investment and Progress

The integrated copper and fertilizer project represents a significant capital deployment with substantial expected returns.

Environmental Clearance was obtained from the Ministry of Environment, Forest and Climate Change in November 2024. Land acquisition is substantially completed, and site development activities are progressing well with construction work commenced under a 36-month completion timeline from October 1, 2025.

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 .