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Kinetic Engineering Ltd. — Capital/Financing Update 2025
May 13, 2025
60836_rns_2025-05-13_66c34848-d98b-4a40-8c55-5f3ac057ad27.pdf
Capital/Financing Update
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KEL:SH:SE
Date: 13[th] May, 2025
To, The Manager-Corporate Relations Department BSE Limited 1[st] Floor, P J Towers Fort, Mumbai- 400 001.
BSE Scrip Code: 500240
Subject: Revised Plan for the utilization of the funds received from the Warrant Issue.
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we would like to inform the exchange that the Board of Directors in their meeting held on 13/05/2025 consider & approved the Revised Plan for the utilization of the funds received from the Warrant Issue as stated below -
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KEL - Warrant Funds Utilization
Earlier Revised
Sr. No. Particulars Amount in Rs. Crs Amount in Rs. Crs
1 Redemption of Preference shares 19.64 19.64
2 Payment of overdue liabilities 5.36 5.36
3 Investment in subsidiary 120.00 120.00
4 Capex including solar project 12.00 12.00
5 Working capital requirements 10.10 8.00
6 General Corporate Purpose 10.00 1.84
Total 177.10 166.84
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Note: In terms of BSE Notice No. 20221213-47 dated December 13, 2022, the amount specified for the above-mentioned objects of issue size may deviate +/- 10% depending upon future circumstances, as the objects are based on management estimates and other commercial and technical factors. Accordingly, the same is dependent on a variety of factors such as financial, market and sectoral conditions, business performance and strategy, competition and other external factors, which may not be within the control of the Company.
We request you to take the above information on record.
Thanking You,
Yours faithfully
For Kinetic Engineering Limited
Chaitan Digitally signed by Chaitanya Mundra ya Date: Mundra 2025.05.13 16:24:07 +05'30' ____ Chaitanya Mundra Company Secretary and Compliance Officer
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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: [email protected] Website: www.kineticindia.com CIN: L35912MH1970PLC014819