Kinetic Engineering Ltd — Updates, 13-05-2025: Company Update

Kinetic Engineering has announced a board meeting where it approved a revised plan for utilizing funds raised from its warrant issue totaling Rs. 166.84 Cr. The updated allocation maintains Rs. 19.64 Cr for redeeming preference shares, Rs. 5.36 Cr for settling overdue liabilities, Rs. 120 Cr for investment in its subsidiary, and Rs. 12 Cr for capex including a solar project. Working capital allocation was reduced to Rs. 8 Cr, and general corporate expenses to Rs. 1.84 Cr. The changes reflect management’s updated priorities amid varying business and market conditions.