Kiri Industries Limited has submitted a comprehensive postal ballot notice to stock exchanges for seeking shareholder approval on critical management re-appointments through electronic voting. The company filed the notice dated February 10, 2026, with BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

E-voting Schedule and Process

The remote e-voting facility will be available to eligible shareholders during a specific timeframe to ensure proper governance procedures.

The postal ballot notice is being sent to eligible shareholders through electronic mode only, in compliance with MCA circulars. The notice is also available on the company's website at www.kiriindustries.com .

Key Management Re-appointments

The postal ballot seeks approval for three critical management positions with specific remuneration packages and tenure details.

Chairman & Managing Director Re-appointment

The company proposes to re-appoint Mr. Manish Kiri (DIN: 00198284) as Chairman & Managing Director for a three-year term from April 01, 2026 to March 31, 2029.

Mr. Manish Kiri holds a Bachelor's degree in Engineering (Electronics & Communication) from Gujarat University and a Master's degree in Business Management from Wayne State University, USA. He was conferred the Outstanding Entrepreneur award by the Ahmedabad Management Association in 2011 and serves as Chairman of the Gujarat Council - Chemical Committee of ASSOCHAM.

Whole Time Directors Re-appointments

Two Whole Time Directors are proposed for re-appointment with identical compensation structures.

Mr. Girish Tandel (DIN: 08421333) - Re-appointment for three years from February 11, 2026 to February 10, 2029:

Mr. Yagnesh Mankad (DIN: 03204060) - Re-appointment for three years from February 11, 2026 to February 10, 2029:

Company Performance Context

The explanatory statement reveals significant financial improvements in FY 2024-25. Despite global chemical industry challenges, the company achieved 4% year-on-year revenue growth driven by higher sales volumes. Standalone EBITDA turned positive at Rs. 6,155.67 lakh, recovering from a loss of Rs. 2,673.41 lakh in FY 2023-24. The EBITDA margin improved by 1208 basis points to 8%, while Profit After Tax stood at Rs. 384.37 lakh compared to previous year losses.

Voting Instructions and Shareholder Information

Shareholders can access the e-voting facility through CDSL's platform at www.evotingindia.com . The company has appointed RTBR & Associates as the scrutinizer to conduct the postal ballot process transparently. Results will be communicated to stock exchanges and displayed on the company's website within two working days of the e-voting period's conclusion.

For technical support, shareholders can contact CDSL helpdesk at helpdesk.evoting@cdslindia.com or the company's registrar Cameo Corporate Services Limited. The company secretary Suresh Gondalia can be reached at investor@kiriindustries.com for any clarifications regarding the postal ballot process.

Kiri Industries Limited has successfully concluded a major financial arrangement with the termination of its facility agreement and security documents following complete repayment of a USD 130 million credit facility. The company made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Facility Details and Parties Involved

The original facility agreement was executed on August 16, 2024, involving multiple parties in a complex financial arrangement. The credit facility of USD 130 million was availed by Claronex Holdings Pte. Ltd., a wholly-owned overseas subsidiary of Kiri Industries Limited.

Security Documents and Guarantees

The facility was secured through multiple security documents executed by the company on September 4, 2024. These comprehensive security arrangements included:

• Indian law governed corporate guarantee executed by the company
• Non-disposal undertaking involving the company and Indo Asia Copper Limited
• Singapore law governed security agreement relating to shares of Dystar Global Holdings (Singapore) Pte. Ltd.
• Indian law governed deed of hypothecation with power of attorney
• Additional Singapore law governed security agreement

Complete Settlement and Termination

The borrower has fully repaid the facility amount of USD 130 million along with applicable interest to the lenders. Following this complete settlement, all guarantees and securities created in connection with the facility have been released.

Consequent to the full repayment, the facility agreement and security documents have automatically terminated in accordance with their respective terms. The lenders and security agent issued no due certificates on February 13, 2026, formally confirming the completion of all obligations.

Related Party Transaction Compliance

The corporate guarantee and security creation by the company constituted related party transactions, which were undertaken on an arm's length basis. The company holds 100% shareholding in the borrower entity, Claronex Holdings Pte. Ltd., while Indo Asia Copper Limited is a step-down subsidiary of the company.

The successful completion of this financial arrangement demonstrates the company's ability to manage complex international financing structures and meet its obligations in a timely manner. All necessary formalities have been completed, and the information has been made available on the company's website at www.kiriindustries.com .