Kinetic Engineering Allots 44.51 Lakh Shares on Warrant Conversion

Kinetic Engineering Ltd announced the allotment of 44,51,000 equity shares to its promoter and promoter group upon the conversion of warrants. The conversion occurred at an issue price of ₹171 per share, including a premium of ₹161 per share, for a total value of ₹76,11,21,000. This action is part of a preferential allotment and involves the transfer of 23,00,000 warrants among promoter group entities prior to conversion. The board meeting where this was approved was held on September 24, 2026. Some warrants will lapse upon expiry.