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 .

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.