Kinetic Engineering: No Deviation in Preferential Issue Proceeds Utilization

Kinetic Engineering Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited. The report confirms that there has been no deviation from the stated objects for the utilization of proceeds from the preferential issue. The preferential issue, initially sized at ₹177.10 crore, was reduced to ₹166.84 crore due to undersubscription. The report, issued in accordance with SEBI regulations, indicates that the utilization of funds aligns with the disclosures made in the offer document, based on certificates from a Chartered Accountant and bank statements.