Intimation of Incorporation of a Wholly Owned Subsidiary Company

Date: August 19, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir/Madam, Sub: Intimation of Incorporation of a Wholly Owned Subsidiary Company Ref: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Pursuant to Regulation 30 of the SEBI Listing Regulations, we hereby inform you that the Company has incorporated a wholly owned subsidiary, “Kiri Capital (IFSC) Private Limited,” on August 19, 2026. The Certificate of Incorporation for the same has been received today. The details under Regulation 30 of the SEBI Listing Regulations read with Schedule III along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are given as under: Sr. Particulars Details a. Name of the target entity, details in Name: Kiri Capital (IFSC) Private Limited brief such as size, turnover etc. Issued Share Capital: INR 2,00,00,000 divided into 20,00,000 Ordinary Equity shares of par value INR 10 each. Turnover: Nil (yet to commence business operations) b. Whether the acquisition would fall Kiri Capital (IFSC) Private Limited, a wholly owned within related party transaction(s) and subsidiary (WOS) of the Company and accordingly whether the promoter/ promoter group/ the same will be a related party of the Company. group companies have any interest in the entity being acquired? If yes, nature Save and except as mentioned above, the of interest and details thereof and promoter /promoter group are not interested in the whether the same is done at “arms transaction. length”? c. Industry to which the entity being Treasury Management and Holding of Overseas acquired belongs Subsidiaries of the Company CIN No.: L24231GJ1998PLC034094 d. Objects and effects of acquisition Kiri Capital (IFSC) Private Limited has been (including but not limited to, disclosure established for managing the treasury functions of of reasons for acquisition of target the entire Group and serving as the holding entity, if its business is outside the main company for the Group’s overseas subsidiaries. line of business of the listed entity) e. Brief details of any governmental or Not Applicable. regulatory approvals required for the acquisition f. Indicative time period for completion of Not Applicable. the acquisition g. Nature of consideration - whether cash Cash consideration towards subscription of 100% consideration or share swap and shareholding details of the same h. Cost of acquisition or the price at which INR 2,00,00,000 being 20,00,000 Equity Shares of the shares are acquired INR 10 each. i Percentage of shareholding / control 100% acquired and / or number of shares acquired j. Brief background about the entity Same as mentioned in point no. d above. acquired in terms of products/line of business acquired, date of Other details are not applicable since the company incorporation, history of last 3 years is newly incorporated and yet to commence turnover, country in which the acquired business. entity has presence and any other significant information (in brief) The aforesaid information is also available on the website of the Company at www.kiriindustries.com. You are kindly requested to take a note of the same. Thanking You, Yours faithfully, For Kiri Industries limited Suresh Gondalia Company Secretary M. No. : F7306 CIN No.: L24231GJ1998PLC034094