Kinetic Engineering Ltd — Important, 03-08-2026: Company Update

Kinetic Engineering has filed its fund utilization report for the quarter ended June 30, 2026, confirming no deviation from the stated purposes for funds raised through preferential issues of convertible warrants. The company has received Rs. 101.60 crore out of a total Rs. 166.84 crore. Of the funds utilized, Rs. 52 crore was invested as equity in its subsidiary, Kinetic Watts and Volts Limited, and Rs. 11.09 crore was used for working capital. The remaining Rs. 65.24 crore is expected over the next 18 months, aligning with its financing plans.