Pursuant to Regulation 30 of the SEBI Listing Regulations, Kiri Industries has informed that Equinaire Holdings (‘EHL’), a wholly owned subsidiary of Company, is declared the successful bidder in the public auction conducted on 8 September 2026 (the ‘Auction’) for the sale of 20,000,000 shares in Makilala Mining Company, Inc. (‘MMCI’), representing 40% of MMCI’s outstanding capital stock (the ‘Auction Shares’). Pursuant to an Assignment Agreement dated 22 April 2026, which became effective on 21 May 2026, EHL acquired from Maharlika Investment Corporation (‘MIC’) all of MIC’s rights, title, and interests under the Omnibus Loan and Security Agreement (the ‘OLSA’) dated 16 May 2025 by and among MIC, MMCI, Sodor, Inc. (‘Sodor’), Celsius Resources (‘CLA’), and Makilala Holding (‘MHL’), together with all underlying securities. The Auction was conducted as part of EHL’s enforcement of its security rights under the OLSA following the occurrence of Events of Default upon giving periodically notices of event of default to the relevant parties in accordance with the OLSA. With the Events of Default continuing and the secured obligations outstanding, due and unpaid, the foreclosure culminated in the Auction, at which EHL was declared the successful bidder. Following the Auction, a Deed of Absolute Sale was executed on 8 September 2026 between MHL, as seller, acting through EHL as its duly appointed attorney-in-fact pursuant to Part E of the OLSA, and EHL, as buyer. Under the Deed of Absolute Sale, MHL absolutely and irrevocably sold, transferred, conveyed and assigned to EHL the Auction Shares and all of MHL’s rights, title and interests therein for a consideration of USD 5,010,000.00 (US Dollar Five Million Ten Thousand Dollars). Equinaire Holdings (‘EHL’), a wholly owned subsidiary of the Company, has been declared the successful bidder in the public auction conducted on 8 September 2026 for the sale of 20,000,000 shares in Makilala Mining Company, Inc. (‘MMCI’), representing 40% of the outstanding capital stock of MMCI (the ‘Auction Shares’). 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 enclosed. The aforesaid information is also available on the website of the Company at www.kiriindustries.com.
The above information is a part of company’s filings submitted to BSE.
