Kinetic Engineering Ltd — Important, 05-02-2026: Company Update

Kinetic Engineering has received a Monitoring Agency Report from CARE Ratings for its preferential issue. The report confirms that the company's utilization of the Rs. 166.84 crore issue proceeds aligns with its stated objectives, showing no deviations. Until Q3FY26, the company has raised Rs. 61.84 crore and utilized Rs. 55.28 crore. Key deployments include investing in a subsidiary and redeeming preference shares. The remaining Rs. 6.56 crore of unutilized funds are securely held in fixed deposits. This update signals transparent and appropriate deployment of capital from the preferential issue.