Kinetic Engineering Ltd. — Capital/Financing Update 2025

Apr 9, 2025

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KEL:SH:SE

Date: 9[th] April, 2025

To, The Manager-Corporate Relations Department BSE Limited 1[st] Floor, P J Towers Fort, Mumbai- 400 001.

BSE Scrip Code: 500240

Subject: Outcome of Board Meeting held on 9[th] April, 2025 under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Pursuant to the provisions of the SEBI Listing Regulations, We hereby inform you that, the Board of Directors of the Company at their Meeting held on today i.e. 09/04/2025 has considered and approved the Allotment of 4,00,000 (Four Lakhs) Convertible Warrants ("Warrants") at issue price of Rs. 171/- (Rupees One Hundred Seventy One Only) per underlying equity share of the face value of Rs. 10/- (Rupees Ten Only) including a premium of Rs. 161/- (Rupees One Hundred Sixty One Only) per Warrant by way of Preferential Issue. (Detail disclosure refer Annexure A)

The Board Meeting commenced at 03:30 P.M. and concluded at 03:50 P.M.

Kindly take the aforesaid information on your records.

For Kinetic Engineering Limited

Chaitan Digitally signed by Chaitanya ya Mundra Date: 2025.04.09 Mundra 15:53:59 +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: kelinvestors@kineticindia.com Website: www.kineticindia.com CIN: L35912MH1970PLC014819

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Annexure A

Disclosure of Event and Information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/PoD‐2/CIR/P/0155 dated November 11, 2024.

S. No.	Particulars	Disclosures
1.	Type of securities proposed to be Issued	Convertible Warrants (“Warrants”)
2.	Type of issuance	Preferential Issue
3.	Total number of securities proposed to be issued or total amount for which the securities will be issued	Allotment of 4,00,000 (Four Lakhs) Warrants at a price of Rs. 171/- (Rupees One Hundred Seventy One Only) per Warrant in Cash, for an aggregate consideration of Rs. 6,84,00,000/- (Rupees Six Crore Eighty Four Lakhs Only).
Additional information in case of Preferential Issue:
4.	Name of the Investors	1. Transaction Square LLP 2. Sai Geeta Penumetsa
5.	Post Allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles)	Allotment of 4,00,000 (Four Lakhs) Warrants at a price of Rs. 171/- (Rupees One Hundred Seventy One Only) per Warrant in Cash, for an aggregate consideration of Rs. 6,84,00,000/- (Rupees Six Crore Eighty Four Lakhs Only).
6.	Number of Investors	2 (Two)
7.	In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument;	On Allotment of Warrants:25% of the total consideration towards respective Warrants are paid by the respective Allottees prior to the allotment and the balance shall be payable on or before conversion of the Warrants into Equity Shares. Conversion Ratio and Timeline:Each Warrant is convertible into one (1) Equity Share and the conversion can be exercised at any time within a period of 18 months from the date of allotment, in one or more tranches, as the case may be and on such other terms and conditions as applicable. Intimation on conversion of securities:Shall be duly communicated at an appropriate time.

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Registered Address: Factory Address: Contact: +91 2066142049 D1 Block, Plot No.18/2, Kinetic Manufacturing Plant Email ID: kelinvestors@kineticindia.com Chinchwad, Pune Nagar-Daund Road, Ahmednagar Website: www.kineticindia.com Maharashtra India 411019 Maharashtra India 414001 CIN: L35912MH1970PLC014819

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On lapse of the tenure of the instrument: Shall be duly communicated at an appropriate time.

List of Allottees

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SN. Name Pre Warrant Allotment Shareholding No. of Convertible Post Warrant Allotment Shareholding
No. of Equity Shares Warrants Allotted No. of Equity Shares
1 Transaction Square LLP Nil 2,00,000 2,00,000
2 Sai Geeta Penumetsa Nil 2,00,000 2,00,000
Total 4,00,000 4,00,000
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*Post Warrant Allotment Shareholding is on fully diluted basis with the assumption that all the convertible warrants will be converted into equity shares.

Note: - Pursuant to the outcome of the Board Meeting held on January 21, 2025, the Board had approved the issuance of up to 1,03,56,725 convertible warrants. Out of the total approved warrants, 97,56,725 convertible warrants were issued, and the balance remained unsubscribed.

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Registered Address: Factory Address: D1 Block, Plot No.18/2, Kinetic Manufacturing Plant Chinchwad, Pune Nagar-Daund Road, Ahmednagar Maharashtra India 411019 Maharashtra India 414001

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