Kinetic Engineering Amends MoA, Reclassifies Authorized Share Capital

Kinetic Engineering Ltd members approved a Special Resolution at the 55th Annual General Meeting on September 29, 2026. This resolution pertains to the reclassification of the company's Authorized Share Capital and the consequent alteration of its Memorandum of Association (MoA). The amended Clause V of the MoA states the Authorized Share Capital is ₹1,95,90,82,530/- (₹195.91 Crore). This capital is divided into 5,30,13,932 Equity Shares of ₹10 each and 14,28,94,321 Preference Shares of ₹10 each. The company retains the power to increase or reduce its share capital and divide shares into different classes as per the Companies Act, 2013.