Quarterly Updates29 May 2026, 07:53 pm
Kinetic Engineering: Deviation Statement for March 2026
AI Summary
Kinetic Engineering Ltd has filed a statement of deviation or variation for the quarter ended March 31, 2026, under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company raised funds through preferential issues of convertible warrants, receiving ₹101.60 Cr till March 31, 2026. During the quarter, 3,100,000 equity shares were allotted upon conversion of warrants at ₹171 per warrant, aggregating to ₹39.76 Cr. There was no deviation/variation in the use of funds raised. The company had received ₹1,01,59,75,040 out of the total issue proceeds of ₹1,66,83,99,975 as of March 31, 2026.
Key Highlights
- Kinetic Engineering reports no deviation in fund utilization for Q4 2026.
- ₹39.76 Cr raised via warrant conversion during the reporting quarter.
- Total ₹101.60 Cr received till March 31, 2026, from preferential issues.
- CARE Ratings Limited is the monitoring agency.
- ₹65.24 Cr expected within 18 months from warrant allotment date.
Price Impact
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