Kinetic Engineering Ltd — Important, 14-05-2026: Company Update

Kinetic Engineering has received a Monitoring Agency Report from CARE Ratings for the quarter ended March 31, 2026, confirming no deviation in using preferential issue proceeds. The initial issue size of 177.10 Cr was reduced to 166.84 Cr due to undersubscription, which may impact the viability of objectives. The board reallocated funds for solar capex, overdue liabilities, and working capital. Of the 101.60 Cr raised so far, 74.49 Cr has been utilized for redemption of preference shares, paying liabilities, and subsidiary investment. The remaining 27.11 Cr is held in Fixed Deposits.