Key Quantitative Figures
- Total number of convertible warrants: 60,82,600
- Total issue amount: ₹298,92,35,000 (₹298.93 crore)
- Working capital allocation: ₹50,00,00,000 (₹50 crore)
- Financial assistance to group companies: ₹218,92,35,000 (₹218.92 crore)
- General corporate purposes: ₹20,00,00,000 (₹20 crore)
Detailed Fund Allocation Breakdown
1. Working Capital Requirements
- Amount: ₹50,00,00,000
- Purpose: Funding day-to-day business operations, procurement of raw materials and goods, payment of trade creditors, employee costs, administrative expenses and other operational requirements
- Utilization timeline: Within 24 months from receipt of funds
2. Financial Assistance to Group Companies
- Total Amount: ₹218,92,35,000
- Utilization timeline: Within 24 months from receipt of funds
- Specific allocations:
- Indo Asia Copper Limited: ₹90,00,00,000 for capital expenditure of copper project
- Indoasia Agrotech Fertilizers Limited: ₹90,00,00,000 for capital expenditure of fertilizers project
- Kiri Infrastructure Private Limited: ₹38,92,35,000 for capital expenditure towards development of captive jetty, desalination plant and conveyor system for copper and fertiliser projects
3. General Corporate Purposes
- Amount: ₹20,00,00,000
- Purpose: Meeting ongoing general corporate requirements and contingencies; operational and project related expenses including repair and maintenance of existing manufacturing facilities; other general corporate purposes as determined by the Board
- Utilization timeline: Within 24 months from receipt of funds
Shareholder Approval
The preferential issue of 60,82,600 convertible warrants was approved by members of the Company at the 28th Annual General Meeting held on Tuesday, September 29, 2026, at 11:00 A.M. (IST) through Video Conferencing.
Additional Information
The company provided a direct access link to the website for the PCS certificate: https://kiriindustries.com/wp-content/uploads/2026/09/PCScertificate.pdf