What happened
FactKiri Industries provided the exchange-requested detailed utilisation plan for proceeds from 60,82,600 convertible warrants approved at its September 29, 2026 AGM. The proceeds are allocated to working capital, loans and investments in named group or subsidiary companies for project capital expenditure, and general corporate purposes, with utilisation planned within 24 months of receiving funds.
60,82,600Convertible warrants
Number of warrants in the preferential issue
₹50,00,00,000Working capital
Funding day-to-day operations, raw materials, trade creditors, employee costs, administrative expenses and other operating requirements
₹90,00,00,000Indo Asia Copper Limited
Financial assistance for capital expenditure of its copper project
₹90,00,00,000Indoasia Agrotech Fertilizers Limited
Financial assistance for capital expenditure of its fertilizers project
₹38,92,35,000Kiri Infrastructure Private Limited
Financial assistance for capital expenditure on a captive jetty, desalination plant and conveyor system
₹20,00,00,000General corporate purposes
Ongoing corporate requirements, contingencies, operational and project-related expenses, and other purposes determined by the board
Within 24 months from receipt of fundsUtilisation timeline
Tentative timeline for utilisation of issue proceeds
