Kiri Industries has successfully concluded its 11-year legal battle, receiving a net settlement of approximately ₹5,854 crores (USD 689 million) on December 31, 2025. The board has decided to reinvest these proceeds into a massive greenfield copper and fertilizer project instead of issuing dividends, with a planned CAPEX of ₹12,000-13,000 crores over the next two years. Phase 1 of the copper project is slated for April 2027, targeting an annual revenue of ₹20,000-25,000 crores and an eventual EBITDA of ₹4,500-5,000 crores. While the core dyes business remains subdued with Q3 revenue at ₹162 crores, the massive cash infusion and pivot to copper represent a significant structural shift for the company.

Kiri Industries reported a massive consolidated PAT of INR 50,117 Mn for Q3FY26, primarily driven by a one-time exceptional gain of INR 58,544 Mn from the disposal of its 37.57% stake in DyStar. Despite this windfall, core operations remain under pressure with a consolidated EBITDA loss of INR 486 Mn due to weak global demand and pricing in the dyes segment. The company is now pivoting towards a massive INR 13,300 Cr integrated copper and fertilizer project in Gujarat, aiming for a 25% IRR. While the cash inflow significantly strengthens the balance sheet, the operational turnaround of the core business remains a challenge.

Kiri Industries has announced the re-appointment of its core leadership team to ensure management continuity. Mr. Manish Kiri has been re-appointed as Chairman & Managing Director for a three-year term starting April 2026. Additionally, Mr. Girish Tandel and Mr. Yagnesh Mankad have been re-appointed as Whole Time Directors for three-year terms effective February 2026. These leaders bring substantial experience, with Mr. Tandel and Mr. Mankad possessing 35 and 45 years of industry expertise respectively, which is vital for the company's ongoing expansion and operational strategies.

Kiri Industries has successfully concluded the long-standing DyStar dispute, receiving a total consideration of US$ 689.03 million (approx. ₹5,700+ crore). This amount includes the purchase consideration for its 37.57% stake, share buy-back proceeds, interest, and legal costs awarded by the Singapore International Commercial Court. Consequently, DyStar has ceased to be an associate company as of December 31, 2025. While the company reported quarterly losses in certain foreign subsidiaries, the massive cash inflow fundamentally transforms the company's balance sheet.

Kiri Industries has officially received the full settlement amount of US$ 689.03 million for its 37.57% stake in DyStar, following a long-standing legal battle. This massive cash inflow includes the purchase price, interest, and legal costs awarded by the Singapore International Commercial Court. Consequently, DyStar has ceased to be an associate company as of December 31, 2025. While the settlement is a major balance sheet booster, some foreign subsidiaries reported a combined net loss of Rs. 7,082.25 lakhs for the quarter.

Kiri Industries has issued a Letter of Intent for a new hybrid power project in Rajkot, Gujarat, with an estimated investment of ₹10,079.50 Lakh (approx. ₹100.8 crore). The project features a combined capacity of 9.45 MW Wind and 8 MW Solar power intended for captive consumption. This initiative aims to optimize energy costs for the company's manufacturing facilities while improving its ESG profile. The project is expected to be commissioned within a 10-month timeline.

Kiri Industries has issued a Letter of Intent for a hybrid power project in Rajkot, Gujarat, with an estimated investment of ₹100.8 crore. The project features a combined capacity of 9.45 MW wind and 8 MW solar power to be used for captive consumption at its manufacturing facilities. Expected to be commissioned within 10 months, the project aims to significantly optimize energy costs and improve the company's ESG profile. This move reflects a strategic shift towards sustainable energy and long-term operational efficiency.

Kiri Industries has approved a significant investment of up to USD 168 million (approximately ₹1500 crore) in its Singapore-based wholly-owned subsidiary, Claronex Holdings Pte. Ltd. The primary objective of this capital infusion is to repay a USD 130 million credit facility, making the subsidiary debt-free. Additionally, the funds will support the commencement of Claronex's business operations in wholesale trading and financing. This move is expected to be completed within six months and will not change the ownership structure.

Kiri Industries has received the full consideration of US$689.03 million for its 37.57% stake in DyStar Global Holdings, marking the end of a legal battle that began in 2015. The proceeds include the purchase price, share buyback amounts, interest, and legal costs awarded by the Singapore International Commercial Court. Following this transaction, DyStar is no longer an associate company of Kiri Industries. This massive cash inflow is expected to significantly strengthen the company's balance sheet and reduce future legal expenditures.

Kiri Industries has successfully completed the divestment of its entire 37.57% equity stake in DyStar Global Holdings (Singapore) Pte. Ltd. The company has received the full consideration amounting to US$ 689,034,072.68 from the purchaser, Zhejiang Longsheng Group. Following this payment, the Share Purchase Agreement and Share Buy-Back Agreement have been discharged by performance, and DyStar has ceased to be an associate company of Kiri Industries.

Kiri Industries has successfully completed the divestment of its entire 37.57% equity stake in DyStar Global Holdings (Singapore) Pte. Ltd. The company has received the full consideration amounting to US$689,034,072.68 from the purchaser, Zhejiang Longsheng Group Co., Ltd. This transaction follows a long-standing legal process and orders from the Singapore International Commercial Court (SICC). Consequently, DyStar has ceased to be an associate company of Kiri Industries, and all related agreements stand discharged.