kranti industries has scheduled a meeting of its Board of Directors for Friday, May 29, 2026. The meeting will be held at the company's registered office located at Gat No. 267/B/1, At Post Pirangut, Tal. Mulshi, Pune, Maharashtra, to discuss key business matters.

The primary agenda for the meeting includes the consideration and approval of the audited financial results for the fourth quarter ended March 31, 2026. The board will also review and approve the audited financial results for the full financial year ended on the same date. These results will cover both standalone and consolidated financial statements.

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct, the trading window will remain closed. This restriction applies to all Directors, Designated Persons, and their immediate relatives. The window will close from the end of the quarter until 48 hours after the declaration of the financial results.

The intimation regarding the board meeting was submitted to the stock exchanges on May 21, 2026. The company has requested the exchanges to take the information on record and disseminate it on their respective websites.

Key Meeting Details

KRANTI INDUSTRIES LIMITED convened a meeting of its Board of Directors on Friday, May 08, 2026, at the company's registered office located at Gat No. 267/B/1, At Post Pirangut, Tal. Mulshi, Pune 412115, Maharashtra, India. The meeting was held pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 12:30 PM (IST) and concluded at 01:30 PM (IST).

Board Decision: Warrant Forfeiture Approved

The Board of Directors considered and approved the forfeiture of application money received from Evolution Capital Advisory Services Private Limited (the "Warrant Holder") due to the non-exercise of 2,50,000 (Two Lakh Fifty Thousand) convertible warrants within the prescribed warrant tenure. In accordance with Regulation 169(3) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the board approved the forfeiture of application money amounting to ₹50,00,000/- (Rupees Fifty Lakhs Only) and the cancellation of the remaining 2,50,000 (Two Lakh Fifty Thousand) warrants.

Background: Warrant Allotment and Conversion History

Kranti Industries had allotted 15,00,000 (Fifteen Lakh) fully convertible warrants at an issue price of ₹80/- (Rupees Eighty only) per warrant to the Warrant Holder on October 23, 2024. Out of these, 12,50,000 (Twelve Lakh Fifty Thousand) warrants were subsequently converted into equity shares of the company. The company had communicated to the Warrant Holder via email, requesting remittance of ₹1,50,00,000/- (Rupees One Crore Fifty Lakh only) towards the conversion of the remaining 2,50,000 warrants on or before April 22, 2026, being the last date for conversion. However, the Warrant Holder failed to exercise the conversion option within the prescribed timeline, prompting the board's forfeiture decision.

Key Details at a Glance

The following table summarises the key particulars of the board meeting and the warrant forfeiture:

The intimation was submitted to BSE Limited, with Sampada Shekhar Barsawade, Company Secretary and Compliance Officer, signing the communication on behalf of Kranti Industries Limited.