Kinetic Engineering Ltd. — Capital/Financing Update 2025

Nov 13, 2025

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KEL:SH:SE:

Date: 13[th] November, 2025

To

The Manager - Corporate Relationship Department BSE Limited, 1[st] Floor, Phiroze Jeejeebhoy Towers, Fort, Mumbai - 400 001 Maharashtra, India Scrip Code: BSE-500240

Sub: Compliance under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 - Statement of deviation(s) or variation(s).

Dear Sir/Madam,

Please find enclosed herewith the Statement of Deviation(s) or Variation(s) under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended 30[th] September, 2025.

You are requested to take the above information on record.

Thanking you.

Yours faithfully,

For Kinetic Engineering Limited

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______ Chaitanya Mundra Company Secretary and Compliance Officer

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Factory Address: Kinetic Manufacturing Plant Nagar-Daund Road, Ahmednagar Maharashtra India 414001

Registered Address: D1 Block, Plot No.18/2, Chinchwad, Pune Maharashtra India 411019

Contact: +91 2066142049 Email ID: kelinvestors@kineticindia.com Website: www.kineticindia.com

CIN: L35912MH1970PLC014819

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Statement of Deviation / Variation in utilisation of funds raised

Name of listed entity	Kinetic Engineering Limited
Mode of Fund Raising	Preferential Issues of Convertible Warrants
Date of Raising Funds	During the reporting quarter the company has not raised any funds. However Company has received total amount of Rs. 61.84 crore till 30thSeptember, 2025 in multiple transactions.
Amount Raised	Company has received total amount of Rs. 61.84 crore till 30thSeptember, 2025 in multiple transactions.
Report filed forQuarter ended	30thSeptember,2025
Monitoring Agency	Applicable
Monitoring Agency Name, if applicable	CARE Ratings Limited
Is there a Deviation / Variationin use of fundsraised	No
If yes, whether the same is pursuant to change interms of a contract or objects, which was approved by the shareholders	Not Applicable
If Yes, Date of shareholder Approval	-
Explanation for the Deviation / Variation	-
Comments of the Audit Committee after review	-
Comments of the auditors, if any	-
Objects for which funds have been raised and where there has been a deviation, in the following table	-

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Registered Address: D1 Block, Plot No.18/2, Chinchwad, Pune Maharashtra India 411019

Factory Address: Kinetic Manufacturing Plant Nagar-Daund Road, Ahmednagar Maharashtra India 414001

Contact: +91 2066142049 Email ID: kelinvestors@kineticindia.com Website: www.kineticindia.com CIN: L35912MH1970PLC014819

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Original Object	Modified Object, if any	Original Allocation in Rs. Crore	Modified Allocation, if any in Rs. Crore	Funds Utilised in Rs. Crore	Amount of Deviation/ Variation for the quarter according to applicable object	Remarks, if any
Redemption of Preference Shares	N.A.	19.64	N.A.	19.64	Nil	Nil utilization during the reporting quarter.
Payment of Overdue Liabilities	N.A.	5.36	N.A.	4.82	Nil	Nil utilization during the reporting quarter.
Investment in Subsidiary Company	N.A.	120.00	N.A.	20.00	Nil	The funds received from issue proceeds were utilized towards equity investment in the subsidiary company i.e. Kinetic Watts and Volts Limited via right issue, as per the objects of the issue. As informed by the management, the same will be further utilized for product development, capex and working capital requirements of the subsidiary company.
Capex including Solar Project	N.A.	12.00	N.A.	0.00	Nil	Nil utilization during the reporting quarter.
Working Capital Requirements	N.A.	10.10	8.00*	0.00	Nil	Nil utilization during the reporting quarter.
General Corporate Purpose	N.A.	10.00	1.84*	0.00	Nil	Nil utilization during the reporting quarter.

Deviation or variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or

(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

(c) Change in terms of a contract referred to in the fundraising document i.e. prospectus, letter of offer, etc.

For Kinetic Engineering Limited

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______

Chaitanya Mundra

Company Secretary and Compliance Officer

*The Board approved the revised plan for the utilization of the funds received from the warrant issue at its meeting held on 13/05/2025.

Note: As of 30[th] September 2025 the Company had received Rs. 61,84,00,040/- out of the total issue proceeds of Rs. 1,66,83,99,975/- The remaining Rs. 1,04,99,99,935/- is expected to be received by the Company within 18 months from the date of allotment of the share warrants.

Registered Address: D1 Block, Plot No.18/2, Chinchwad, Pune Maharashtra India 411019

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Factory Address: Kinetic Manufacturing Plant Nagar-Daund Road, Ahmednagar Maharashtra India 414001

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Contact: +91 2066142049 Email ID: kelinvestors@kineticindia.com Website: www.kineticindia.com CIN: L35912MH1970PLC014819