Kiri Industries Limited has filed its quarterly monitoring agency report with stock exchanges, detailing the utilization of proceeds from its preferential issue of convertible warrants for the quarter ended December 31, 2025. The report, mandated under SEBI regulations, provides transparency on how the company has deployed the funds raised through its preferential issue.

Issue Details and Structure

The company's preferential issue, conducted between September 27, 2024, and October 15, 2024, raised Rs 492.02 crore through convertible warrants priced at Rs 369 per share. The monitoring agency report was prepared by CRISIL Ratings Limited in compliance with SEBI regulations governing fund utilization disclosure.

Fund Utilization During Quarter

During the quarter ended December 31, 2025, Kiri Industries utilized Rs 2.16 crore specifically towards payment of legal and professional fees related to the company's Singapore case. This was the only object for which funds were deployed during the reporting period.

Proceeds Received and Deployment

As of December 31, 2025, the company has received Rs 398.88 crore from the preferential issue upon allotment and conversion of warrants. Of this amount, Rs 398.41 crore has been utilized towards the stated objects, leaving Rs 0.47 crore as balance in the preferential issue account.

The unutilized funds are deployed as follows:

• Rs 0.10 crore in HDFC fixed deposit earning 7.25% return
• Rs 0.37 crore maintained as balance in preferential issue account

The remaining Rs 93.14 crore is expected to be received from warrant holders, who have the option to convert warrants into equity shares within 18 months from the allotment date as per the notice to shareholders dated August 29, 2024.

Compliance and Monitoring

The monitoring agency report confirms that all fund utilization has been in accordance with the objects disclosed in the offer document. CRISIL Ratings noted no deviations from the stated purposes and confirmed that proceeds were utilized towards the disclosed objects, specifically payment of legal and professional fees during the quarter.

The report was certified by M/s VKJD & Associates, Chartered Accountants, and submitted to both BSE and NSE as required under Regulation 32(6) of SEBI LODR Regulations and Regulation 162A(4) of SEBI ICDR Regulations.

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.