Regulatory13 Nov 2026, 06:01 pm
Kinetic Engineering: Monitoring Agency Report for Q2 FY27
AI Summary
Kinetic Engineering Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, as per SEBI regulations. The report, issued by CARE Ratings Limited, details the utilization of proceeds from a preferential issue of ₹166.84 crore. The company reported NIL deviation from the stated objects of the issue for the quarter. The preferential issue involved warrants convertible into equity shares, with an initial issue size of ₹177.10 crore that was reduced due to undersubscription.
Key Highlights
- Monitoring Agency Report for Q2 FY27 submitted by Kinetic Engineering.
- CARE Ratings Limited issued the report on utilization of preferential issue proceeds.
- No deviation reported in the utilization of funds for the quarter.
- Preferential issue was for ₹166.84 crore, involving convertible warrants.
- Report confirms utilization aligns with the offer document disclosures.
Price Impact
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