Outcome of Board Meeting - Allotment of Warrants convertible into Equity Shares on Preferential Basis

• Security Code: 532967
• Company: KIRIINDUS

Kiri Industries Ltd has informed BSE that in terms of the Special Resolution passed by the members of the Company at its Annual General Meeting held on September 23, 2016, the Board of Directors of the Company at their meeting held on October 04, 2016, inter alia, have approved allotment of 35,00,000 Warrants convertible into Equity Shares at an issue price of Rs. 363 per warrant includes premium of Rs. 353 per warrant to M/s. Equinaire Chemtech LLP, Promoter Group on preferential basis in accordance with SEBI (Issue of Capital Disclosure Requirements), Regulations, 2009.