Meanwhile, the S&P BSE Sensex was up 31.11 points or 0.11% at 28,325.39

On BSE, so far 65,000 shares were traded in the counter as against average daily volume of 1.43 lakh shares in the past one quarter. The stock hit a high of Rs 357.75 and a low of Rs 348 so far during the day. The stock had hit a 52-week high of Rs 404.75 on 1 July 2016. The stock had hit a 52-week low of Rs 72.10 on 11 February 2016. The stock had underperformed the market over the past 30 days till 26 September 2016, rising 1.65% compared with 1.84% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 8.46% as against Sensex's 6.67% rise.

The small-cap company has equity capital of Rs 27.84 crore. Face value per share is Rs 10.

Kiri Industries said that a meeting of the board of directors of the company will be held on 4 October 2016, to allot 35 lakh warrants to Equinaire Chemtech LLP, a promoter group firm at Rs 363 per warrant on preferential basis.

On consolidated basis, Kiri Industries' net profit rose 15.5% to Rs 80.99 crore on 51.17% rise in net sales to Rs 289.30 crore in Q1 June 2016 over Q1 June 2015.

Kiri Industries is one of the largest manufacturer and exporter of wide range of dyes, intermediates and chemicals.