Kinetic Engineering Ltd — Important, 03-02-2026: Company Update

Kinetic Engineering has reported on the utilization of funds raised through preferential issues of convertible warrants. For the quarter ending December 31, 2025, the company stated there was no deviation from the approved uses. So far, the company has received 61.84 crore out of the total 166.84 crore. Utilized funds went towards redeeming preference shares, clearing overdue liabilities, and investing 29 crore in a subsidiary, aligned with a revised plan previously approved by the Board. The remaining 105 crore is expected within 18 months.