Kinetic Engineering Invests INR 3 Crore in Subsidiary Kinetic Watts and Volts Limited

Kinetic Engineering Ltd has invested INR 3,00,00,000/- (Rupees Three Crore) in its subsidiary company, Kinetic Watts and Volts Limited. The investment was made in the form of cash consideration for 30,00,000 equity shares at INR 10/- each. Post-investment, Kinetic Engineering Ltd holds 80.60% of the total paid-up share capital of Kinetic Watts and Volts Limited. Kinetic Watts and Volts Limited was incorporated under the Companies Act, 2013 on 27th September 2022 and has its presence in India. This investment will enable Kinetic Engineering Ltd to carry out business in the field of Automobile.