Kinetic Engineering Ltd — JV/Acquisition, 01-01-1970: The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashoka Investment Holdings Ltd

Ashoka Investment Holdings Limited has announced a board meeting to discuss the sale of 484,916 equity shares of Kinetic Engineering Ltd, representing approximately 2.07% of the company's paid-up capital. This sale occurred in multiple tranches, with the most recent transaction triggering disclosure requirements. Following this sale, Ashoka’s holding in Kinetic has reduced to 5.41%. The sale may create a more flexible approach to capital allocation for Ashoka, potentially impacting investor sentiment positively as it reflects strategic realignment. However, a decreased stake might raise concerns regarding influence in Kinetic's governance.