Kiri Industries has issued over 5 million new shares through warrant conversions following a preferential allocation. The move is in line with regulatory requirements, as confirmed by the company's auditor and the necessary documentation has been submitted to relevant stock exchanges.

Kiri Industries has increased its promoter's stake by allotting over half a million shares at INR 369 each, taking their holding from 36.72% to 41.71%. This move has boosted the issued capital of the company to approximately INR 65.17 crore.