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KIRI INDUSTRIES LTD. - 532967 - Kiri'S Counterclaim On Dystar - SIC/7 : Court Of Appeal Judgement Updates On Court Case In Singapore In Compliance With Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

 We would like to inform that the Court of Appeal (the Supreme Court of Singapore) dismissed both the appeals, an appeal of the Company as well as an appeal of DyStar Global Holdings (Singapore) Pte. Limited ('DyStar') vide judgement dated April 14, 2023. The Company and DyStar had filed appeals against Singapore International Commercial Court ('SICC') judgement dated 24 September, 2021, dismissing Company's counterclaim of pertaining to whether the Company being treated as preferred supplier against DyStar in SIC/7-2020. Copy of the Court of Appeal judgement is attached herewith for your reference and record. We would like to clarify that this judgement of Court of Appeal is for completely a different case, and it has no relevance with the valuation judgement of USD 603.80 million for the Company's stake in DyStar announced on March 3, 2023 pertaining to SIC/4. You are requested to kindly note the above.
14-04-2023
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KIRI INDUSTRIES LTD. - 532967 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A

 Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyKIRI INDUSTRIES LTD. 2CIN NO.L24231GJ1998PLC034094 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 49.62 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: Suresh Gondalia Designation: Company SEcretary EmailId: [email protected] Name of the Chief Financial Officer: Jayesh Vyas Designation: Chief Financial officer EmailId: [email protected] Date: 14/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
14-04-2023
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KIRI INDUSTRIES LTD. - 532967 - Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2

 Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Company KIRI INDUSTRIES LTD. 2 CIN NO. L24231GJ1998PLC034094 3 Report filed for FY 2022-2023 Details of the Current block (all figures in Rs crore): 4 2 - year block period (Specify financial years)* 2022-23 and 2023-24 5 Incremental borrowing done in FY (T)(a) 0.00 6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00 7 Actual borrowing done through debt securities in FY (T)(c) 0.00 8 Shortfall in the borrowing through debt securities, if any, for FY (T - 1) carried forward to FY (T) (d) 0 8Quantum of (d), which has been met from (c)(e)* 0 9 Shortfall, if any, in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative, write 'nil'}* 0 Details of penalty to be paid, if any, in respect to previous block (all figures in Rs crore): 2 - year Block period (Specify financial years)2021-22 and 2022-23 Amount of fine to be paid for the block, if applicable Fine = 0.2% of {(d) - (e)}#0.00 Name of the Company Secretary :-Suresh GondaliaDesignation :-Company Secretary Name of the Chief Financial Officer :- Jayesh Vyas Designation : -Chief Financial Officer Date: 14/04/2023
14-04-2023
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KIRI INDUSTRIES LTD. - 532967 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

 With reference to the above mentioned subject, we enclose herewith the certificate dated April 03, 2023 issued by M/s. Cameo Corporate Services Limited, Registrar and Transfer Agent, under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2023. You are requested to take the same on your record.
11-04-2023
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KIRI INDUSTRIES LTD. - 532967 - Compliance Under Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Year Ended March 31, 2023

 With reference to above, we enclose herewith a Compliance Certificate as per Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the Year ended March 31, 2023 duly signed by the Compliance Officer of the Company and the authorized signatory of Registrar and Transfer Agent. You are requested to take the same on your record.
11-04-2023
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KIRI INDUSTRIES LTD. - 532967 - Compliance Under Regulation 40(10) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Year Ended March 31, 2023

 With reference to above, we enclose herewith a Certificate as per Regulation 40(10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the Year ended March 31, 2023 dated April 11, 2023 issued by M/s. Ramkumar Kannan & Associates, Practicing Company Secretaries, Ahmedabad. You are requested to take the same on your record.
11-04-2023
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KIRI INDUSTRIES LTD. - 532967 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 With reference to the above-captioned subject and in compliance with Regulations 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the copy of newspaper advertisements published in Jaihind (Gujarati) - Ahmedabad edition and Financial Express (English) - Mumbai edition on April 06, 2023, regarding the Postal Ballot Notice of the Company dated February 11, 2023 and remote e-voting instruction. You are kindly requested to take note of the same.
06-04-2023
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KIRI INDUSTRIES LTD. - 532967 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Postal Ballot Notice of the Company for seeking approval of the members of the Company for the Special Business as set out in the Postal Ballot Notice by way of voting through electronic means i.e. remote evoting. The remote e-voting period will start from Saturday, April 08, 2023 at 9:00 a.m. (IST) and will end on Sunday, May 07, 2023 at 5:00 p.m. (IST). You are kindly requested to take note of the same.
05-04-2023
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KIRI INDUSTRIES LTD. - 532967 - Closure of Trading Window

 This is to inform you that as per the Company's Code of Conduct for Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in Equity Shares of the Company for the insiders will be closed with effect from April 01, 2023 till 48 hours after the declaration of Financial Results for the quarter and year ended March 31, 2023. You are requested to kindly note the above.
30-03-2023

Kiri Industries expresses trust in Singapore court, hopes fair decision

 Indian dye company Kiri Industries has expressed full confidence in the Singapore International Commercial Court's (SICC) decision and hopes its China-linked partner would honour the "final outcome" of an 8-year old dispute. Kiri, a minority shareholder in Dystar, initiated a legal battle in 2015 against Senda, a subsidiary of China's largest dye firm Longsheng and Dystar's majority shareholder, accusing it of minority oppression through various actions in Singapore High Court. In 2017, the suit was transferred to the SICC due to its international elements and in 2018, the court issued its judgement for the case, stating they accepted most of the instances of commercial unfairness raised by Kiri. "We are delighted with how our suits have progressed through Singapore's courts to achieve a just outcome," said Manish Kiri, Chairman & Managing Director, Kiri Industries Limited. On March 3, 2023, the SICC delivered the final valuation of stake in Kiri's joint venture company DyStar...
22-03-2023
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