Kinetic Engineering Ltd. — Board/Management Information 2020

Sep 7, 2020

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Date: September 07, 2020

To The Manager - Corporate Relationship Department BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Fort, Mumbai- 400 001 Maharashtra, India

Scrip Code: 500240

Subject Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Resignation of Independent Director

Dear Sir / Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) read with Para A of Part A of Schedule III to the Listing Regulations, we wish to inform that Mr. Rajiv Ranka (DIN: 00392438) has stepped down from the position of the “Non-Executive Independent Director” of the Company with effect from today, i.e., September 7, 2020. The Board of Directors of the Company appreciates his valuable contribution and support during his term as the Director of the Company.

Further, please see below requisite disclosure as per Regulation 30 read with Para A of Part A of Schedule III to the Listing Regulations:

Sr. No.		Disclosure requirement	Disclosure requirement	Company Remarks
1		Reason for change viz. ~~appointment,~~ resignation, ~~removal,~~ ~~death or otherwise~~		Resignation die to person reason. Mr. Rajiv Ranka was appointed as Independent Director effective from July 17, 2019. He has given his resignation from the directorship effective from today i.e. September 7, 2020.
2		Date of cessation ~~& t f~~	~~appointment~~/ ~~(as applicable)~~ ~~appointment~~	September 7, 2020.
		~~erm o~~

Further, the Company has received confirmation from Mr. Ranka that there is no material reason for his resignation other than those mentioned in his resignation letter dated September 7, 2020. The said confirmation is enclosed herewith.

Kindly take the same on your record.

Thanking you, Yours sincerely,

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Encl: As above.

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S. No. 55/2/1, Plot No.: 8, University Road. Behind Hotel ' Pichola ' Aundh. Pune - 411 007 Tel.: 2589 8998 Fax: 2712 8227 E-mail : afoam@vsnl.com

Date: September 7, 2020

To, The Chairman, Kinetic Engineering Ltd. Block D-1, Plot No. 18/2, MIDC, Chinchwad, Pune 411019

Subject: Resignation from the Office of Independent Director.

Dear Sir,

With reference to the captioned subject, I hereby resign from the Office of Independent Director of Kinetic Engineering Ltd. with immediate effect, due to increase in my professional pre-occupancies.

I would like to take this opportunity to convey my thanks to the Board for giving me opportunity of being associated with the Company.

As per the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, I hereby confirm that there is no other material reason behind my resignation.

Request you to accept my resignation and do the needful as per applicable Rules and Regulations.

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Rajiv Ranka DIN:00392438