Kiri Industries sets up 100%-owned mining subsidiary in Chile

The subsidiary at a glance

Business the subsidiary is set up for

The filing says ANDEMINA SpA will explore, develop, extract, process, refine and trade minerals, ores, metals and other mining products. It will also hold and dispose of mining assets, concessions, royalties and project interests in Chile and abroad, and may make investments, provide project financing and enter offtake agreements, which are contracts to buy a producer's output. The filing says the company was set up to look for future mining opportunities in Chile and other countries. Our records list Kiri's sector as chemicals.

Capital structure and timeline

Authorised capital is CLP 30,000,000, split into 30,000 registered ordinary shares of a single class. The company will subscribe to CLP 100,000 of capital, which buys 100 fully paid shares, and the filing says the entity has already been incorporated. No regulatory approvals are required and no completion period applies. Kiri's latest quarter, the three months to 30 Jun 2026, showed consolidated revenue of ₹598.29 crore.

What it means for shareholders

The filing adds one wholly owned unit with CLP 100,000 of paid-up capital and no revenue. It does not say how much more the company plans to put into the entity, which projects it will pursue or when it will start business. The filing also gives no date for the next step, so the company's future plans for the subsidiary are not yet known from this disclosure.

Reference: Original filing (PDF)