Kinetic Engineering Ltd — Important, 13-11-2025: Company Update

Kinetic Engineering Limited's Monitoring Agency Report confirms no deviation in the use of funds from its preferential issue for the quarter ended September 30, 2025. While the original issue size of Rs. 177.10 Cr was reduced to Rs. 166.84 Cr due to undersubscription, potentially affecting project viability, the company has utilized Rs. 44.46 Cr out of Rs. 61.84 Cr raised so far. Key uses include Rs. 20.00 Cr for investment in a subsidiary, Rs. 19.64 Cr for preference share redemption, and Rs. 4.82 Cr for overdue liabilities. The remaining Rs. 17.38 Cr is deployed in fixed deposits.