Kinetic Engineering Ltd — Important, 11-03-2026: Company Update

Kinetic Engineering Limited's Board approved the allotment of 31 lakh equity shares to its Promoter Group. These shares, issued at a face value of Rs. 10 with a premium of Rs. 161 per share, were allotted upon the conversion of warrants. The total capital raised through this allotment aggregated to Rs. 39.76 Cr. The Promoter Group entities receiving these shares are Arun Hastimal Firodia, Jayashree Firodia Trust, and Arun Firodia Trust. This move increases the Promoter Group's equity holding, strengthening their stake in the company.