KINETIC ENGINEERING LTD.

Kinetic Engineering Ltd has announced that its Board of Directors will convene on November 5, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. In line with SEBI regulations, the trading window for company insiders has been closed since October 1, 2026, and will reopen 48 hours after the financial results are announced.

Kinetic Engineering Ltd announced the continuation of Mr. Jinendra Hirachand Munot as a Non-Executive Independent Director. This decision was approved by the company's members at the 55th Annual General Meeting held on September 29, 2026, based on the Board of Directors' recommendation. Mr. Munot will continue to hold his office until the completion of his tenure, even after attaining the age of 75 years. This continuation is in compliance with the relevant provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move ensures continuity in the board's expertise and governance.

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.

Jayashree Firodia Trust and Persons Acting in Concert (PACs) have acquired 20,23,266 equity shares of Kinetic Engineering Limited through preferential allotment following the conversion of warrants. This acquisition increases their total shareholding from 32,55,058 shares (pre-acquisition) to 52,78,324 shares (post-acquisition). The transaction occurred on September 24, 2026, and was part of a larger conversion of 44,51,000 warrants into equity shares. The company's equity share capital also increased accordingly.

Micro Age Instruments Pvt Ltd & PACs have acquired 23,00,000 equity shares of Kinetic Engineering Limited, representing 4.42% of the total capital. This acquisition was made through a preferential allotment following the conversion of warrants. The holding of Micro Age Instruments Pvt Ltd & PACs increased from 20.52% to 24.94% of the total equity share capital. The total equity share capital of Kinetic Engineering Limited increased from Rs. 26,91,10,910 to Rs. 31,36,20,910.

Kinetic Engineering Ltd announced the outcome of its Board Meeting held on September 24, 2026. The board approved the transfer of 23,00,000 warrants among promoter group members, specifically from Mr. Arun Hastimal Firodia and Arun Firodia Trust to Micro Age Instruments Private Limited. Additionally, the company approved the conversion of 44,51,000 warrants into fully paid-up equity shares. These shares have a face value of ₹10 each and were issued at a price of ₹171 per share, including a premium of ₹161. The total amount raised from this conversion is ₹76,11,21,000. The meeting also noted that 6,36,134 warrants will lapse upon expiry.

Kinetic Engineering Ltd announced the allotment of 44,51,000 equity shares to its promoter and promoter group upon the conversion of warrants. The conversion occurred at an issue price of ₹171 per share, including a premium of ₹161 per share, for a total value of ₹76,11,21,000. This action is part of a preferential allotment and involves the transfer of 23,00,000 warrants among promoter group entities prior to conversion. The board meeting where this was approved was held on September 24, 2026. Some warrants will lapse upon expiry.

Kinetic Engineering Limited (KEL) is injecting approximately ₹57 crore to fuel its growth in electric mobility and driveline businesses. Of this, ₹17 crore will support new driveline orders for export to Europe and Mexico, valued at ₹500 crore over 7 years. The remaining ₹40 crore will bolster its subsidiary, KWV, which is expanding its electric scooter segment, including the relaunched Kinetic DX. KEL aims to be a top-10 EV brand in India, leveraging projected EV penetration growth to 26% by FY 2030. Promoter shareholding has increased to 69.27%, signaling strong confidence.

Kinetic Engineering Ltd has announced the closure of its trading window for the quarter ending September 30, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain shut from October 01, 2026, until 48 hours after the announcement of the unaudited standalone and consolidated financial results for the specified quarter. During this period, directors, key managerial personnel, designated employees, promoters, and their immediate relatives are prohibited from trading in the company's securities.

Kinetic Engineering Ltd has announced an investment of ₹10 Crore in its subsidiary, Kinetic Watts and Volts Limited (KWVL). This investment comprises the subscription of 1,00,00,000 equity shares at ₹10 each, issued at par. The transaction, which took place on September 16, 2026, increases Kinetic Engineering's shareholding in KWVL from 84.69% to 86.15%. KWVL is engaged in the electric mobility and electric vehicles (EV) sector. The investment is considered a related party transaction but has been conducted on an arm's length basis.