Outcome of Board Meeting held on 05/11/2026

November 05, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID: KIRIINDUS Dear Sir/Madam, Sub: Outcome of the Board Meeting in compliance of Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to the above-mentioned subject, we would like to inform you that the Board of Directors of the Company at their meeting held on Thursday, November 05, 2026 have approved the Unaudited Standalone and Consolidated Financial Results along with the Limited Review Reports issued by M/s Pramodkumar Dad & Associates (Firm Registration Number – 115869W), Statutory Auditors of the Company for the quarter and half year ended September 30, 2026. The approved Unaudited Standalone and Consolidated Financial Results along with Limited Review Report and Management notes on results for the quarter and half year ended September 30, 2026 are enclosed herewith. The approved Unaudited Standalone and Consolidated Financial Results are also available on the website of the company viz. www.kiriindustries.com. The meeting was commenced at 11:00 A.M. and concluded at 02:00 P.M. We request to take the note of the same. Thanking you, For Kiri Industries Limited Suresh Gondalia Company Secretary M.No. FCS7306 Encl: As stated Strengthening Foundations, Scaling for Growth “Enduring value is created when resilience in the present is combined with investment in the future” The quarter witnessed a meaningful improvement in market prices of key dye intermediates, particularly H-Acid. As a significant portion of sales during the period was executed against orders contracted earlier, the benefit of higher market prices was only partially reflected in the Company's performance. Subject to the sustainability of prevailing market conditions, the Company expects improved realizations and profitability from its dyes and dye intermediates operations in the coming quarters. Global financial markets remained volatile during the quarter, influenced by geopolitical developments, evolving trade dynamics, interest rate movements and fluctuating investor sentiment across asset classes. This resulted in significant mark-to-market fluctuations in the Company's treasury investment portfolio. During the quarter, standalone Kiri Industries Limited (“Kiri” or “Company”) reported revenue from operations of Rs. 288.18 crore and an operating EBITDA of Rs. 6.86 crore. Operating profitability was impacted by higher input costs, particularly fuel, power and effluent treatment expenses. In accordance with Ind AS 109, treasury investments classified under Fair Value Through Profit and Loss (FVTPL) were marked to market at the reporting date, resulting in the recognition of an unrealized, non-cash fair value loss of Rs. 56.85 crore in the Statement of Profit and Loss. Consequently, the Company reported a loss after tax of Rs. 22.70 crore for the quarter. The Company's share of profit from Lonsen Kiri Chemical Industries Limited (“LKCIL”), in which it holds a 40% equity stake, amounted to Rs. 16.15 crore for Q2 FY27. 1 | P age Consolidated Financial Performance Q2FY27 (Rs in Crore) Particulars 30.09.2026 30.06.2026 30.09.2025 Q-o-Q Y-o-Y Revenue from operation 298.55 312.36 213.44 -4% 40% Less: Operational Expenses 300.64 290.97 227.13 3% 32% EBIDTA (2.09) 21.39 (13.69) NA -85% EBIDTA % -0.7% 6.8% -6.4% NA -89% Treasury Valuation Gain/Loss (57.30) 192.29 (0.12) -130% NA Realised Equity & MF Gain/Loss (Net of 23.80 71.80 0.18 -67% NA Expenses) Dividend & Interest Income 15.20 16.34 0.57 -7% 2565% Depreciation (12.15) (11.92) (11.65) 2% 4% Finance Cost (incl. Interest) (0.94) (1.37) (60.52) -31% -98% Earnings Before Exceptional Items & (33.48) 288.53 (85.22) NA -61% Exceptional Items - - - NA NA Earnings Before Tax (33.48) 288.53 (85.22) Na -61% Taxes 5.20 18.51 (5.75) -72% NA Earnings After Tax (38.68) 270.02 (79.47) NA -51% Share of Profit of Associates 16.15 20.68 99.11 -22% -84% Other Comprehensive Income 1.90 (0.22) (47.19) NA NA Total Comprehensive Income (20.63) 290.47 (27.54) NA NA Earnings to Total Revenue % -7.36% 49.00% -12.86% NA NA ➢ Consolidated revenue from operations stood at Rs. 298.55 crore, reflecting continued strength in realizations across key product categories. While revenue was marginally lower than Q1FY27, market pricing for key dye intermediates, particularly H-Acid, remained firm during the quarter. ➢ The Company continued to benefit from a diversified earnings profile comprising manufacturing operations, treasury income and strategic investments. ➢ Treasury operations generated realized gains of Rs. 23.80 crore during the quarter, in addition to dividend and interest income of Rs. 15.20 crore, reflecting the strength and liquidity of the investment portfolio. 2 | P age ➢ The Company maintained a strong liquidity position and a debt-light balance sheet, with finance costs remaining limited at Rs. 0.94 crore, underscoring financial flexibility to support ongoing growth initiatives. ➢ The investment portfolio continued to be managed with a long-term approach. In accordance with Ind AS 109, treasury investments classified under FVTPL were marked to market at the reporting date, resulting in valuation movements that do not involve any cash outflow. ➢ The Company's share of profit from Lonsen Kiri Chemical Industries Limited amounted to Rs. 16.15 crore during the quarter, continuing to contribute to overall earnings. ➢ The Group continued to make progress on its strategic growth initiatives, including the phased development of the integrated Copper and Fertilizer complex, while maintaining a strong financial position to support future expansion. ➢ Consolidated net worth and liquidity remain robust, providing the Company with the ability to pursue long-term growth opportunities while navigating short-term market volatility. [THIS PORTION IS INTENTIONALLY KEPT BLANK] 3 | P age Standalone Financial Performance Q2FY27 Rs. in Crore 30 Sept, 30 June, 30 Sept, Particulars Q-o-Q Y-o-Y 2026 2026 2025 Revenue from operation 288.18 295.32 194.62 -2% 48% Less: Operational Expenses 281.32 272.50 208.85 3% 35% EBIDTA 6.86 22.82 (14.23) -70% -148% EBIDTA % 2.4% 7.7% -7.3% -69% -133% Treasury Upside/(downside) (56.85) 188.60 - -130% NA Realized Equity & MF Gain/Loss (Net of 22.81 71.80 - -68% NA Expenses) Dividend, Interest and Other Misc Income 21.80 18.22 4.31 20% 406% Depreciation (11.63) (11.44) (11.60) 2% 0% Finance Cost (incl. Interest) (0.76) (1.26) (0.65) -40% 17% Earnings Before Tax (17.77) 288.75 (22.17) NA -20% Taxes 4.93 18.50 (1.05) -73% -570% Earnings After Tax (22.70) 270.25 (21.12) -108% 7% Other Comprehensive Income (0.12) (0.12) (0.15) 3% -19% Total Comprehensive Income (22.82) 270.13 (21.27) -108% 7% Earnings to Total Revenue % -8.27% 47.07% -10.69% -118% -23% ➢ Standalone revenue from operations stood at Rs. 288.18 crore during Q2FY27, reflecting sustained demand across key product segments and improved realizations in dyes and dye intermediates. Revenue remained largely stable on a sequential basis despite a dynamic operating environment. ➢ Market prices of key dye intermediates, particularly H-Acid, remained firm during the quarter. As a substantial portion of sales was executed against orders contracted earlier, the benefit of improved market pricing is expected to be reflected progressively in future realizations. ➢ The Company continued to maintain healthy operating performance, supported by improved product realizations and efficient management of its manufacturing operations. Raw material cost increases in several product categories were effectively passed through to customers, supporting overall business resilience. 4 | P age ➢ Treasury operations generated realised gains of Rs. 22.81 crore during the quarter, while dividend, interest and other income amounte [Showing first 8,000 characters — download PDF for full document]