KIRI INDUSTRIES LTD. - Outcome of Board Meeting

Kiri Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 07, 2015, inter alia, has approved and decided the following:<BR><BR>1. Allotment of 24,56,000 Equity Shares upon conversion of warrants issued to Mrs. Anupaama Kiri, Promoter Group. The said warrants was issued to her on October 10, 2015;<BR><BR>2. Allotment of 3,86,625 Equity Shares upon conversion of Series B and Series C Foreign Currency Convertible Bonds (FCCBs) to LTS Investment Fund Ltd.;<BR><BR>3. Allotment of 10,00,000 Equity Shares to Kiri Employee Stock Option Trust under Kiri Employee Stock Option Scheme - 2014.