Kiri Industries Limited has submitted the transcript of its Q3/9M-FY26 earnings conference call held on February 11, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript was filed on February 14, 2026, and is also available on the company's website at www.kiriindustries.com .

DyStar Settlement Milestone

During the earnings call, Chairman and Managing Director Manish Kiri announced the conclusion of the 11-year legal battle surrounding DyStar shareholding. On December 31, 2025, the Singapore court's Receiver remitted USD 689.03 million to the company, including USD 603.80 million towards share sale proceeds and additional amounts for legal costs and discretionary payments.

Financial Performance Highlights

The company reported mixed operational performance for Q3 FY26. On a standalone basis, revenue from operations reached ₹162 crores, registering 3% year-on-year growth. EBITDA stood at ₹58 crores, supported by dividend income and legal cost reimbursements. For the nine-month period, standalone revenue grew 14% to ₹537 crores with EBITDA of ₹65 crores.

Copper and Fertilizer Project Progress

The integrated copper and fertilizer project execution is progressing as planned. Key approvals including environmental clearances have been received, and land acquisition is substantially completed. Site development activities including boundary walls, fencing, and initial civil works are underway. Major equipment orders for rod and tube plants have been placed with advance payments released.

Strategic Focus and Fund Deployment

Management emphasized that the DyStar proceeds will be deployed for long-term strategic initiatives rather than immediate dividend distribution. The board prioritizes investment in the copper-fertilizer project, which requires significant equity infusion and working capital support during execution. Tata Consulting Engineers Limited has been appointed as owner's engineers for detailed engineering and project execution oversight.

Raw material sourcing arrangements covering over 4.8 million tonnes per annum of copper concentrate capacity provide long-term supply visibility. The project aims to serve India's growing copper demand, which is expected to increase from current 1.8-2.0 million tonnes to at least 3 million tonnes by 2030.

Regulatory Compliance

The earnings call transcript submission demonstrates the company's commitment to transparency and regulatory compliance. Company Secretary Suresh Gondalia digitally signed the filing, ensuring proper authentication of the document. The transcript provides comprehensive insights into the company's financial performance, strategic direction, and management's outlook on future growth prospects.

Kiri Industries Limited has provided the audio recording link for its Q3/9M-FY26 earnings conference call that was successfully conducted on February 11, 2026. The company filed the outcome with BSE and NSE, sharing the recording link in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Call Completion

The earnings conference call was held as scheduled on Wednesday, February 11, 2026, at 10:30 AM IST, providing stakeholders with insights into the company's performance for the quarter and nine months ended December 31, 2025. The call was conducted on a group meet basis with participation from investors and the general public.

Audio Recording Access

Following the completion of the earnings call, Kiri Industries has made the complete audio recording available through their official website. The recording link has been shared with stock exchanges as part of regulatory disclosure requirements.

Management Participation

The conference call featured key members of Kiri Industries' senior management team who addressed investor queries and provided detailed insights into the company's financial performance for Q3/9M-FY26.

Management Participants:

• Mr. Manish Kiri – Chairman and Managing Director
• Mr. Jayesh Hirani – Vice President, Accounts and Finance
• Mr. Suresh Gondalia – Company Secretary
• Mr. Ranjit Singh Chugh – CEO Indo Asia Copper Limited

Regulatory Compliance

The filing was submitted by Company Secretary Suresh Gondalia (M No.: FCS7306) to both BSE (Scrip Code: 532967) and NSE (Scrip ID: KIRIINDUS). The company maintained its commitment to regulatory compliance by ensuring proper disclosure of the earnings call outcome and providing public access to the discussion through the audio recording link.