Kinetic Engineering Ltd. — Capital/Financing Update 2025

Mar 27, 2025

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KEL:SH:SE:

Date: 27[th] March, 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

Subject: Press Release

Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of a Press Release.

This is for your information and records.

Thanking you.

Yours faithfully,

For Kinetic Engineering Limited

Chaitan Digitally signed by Chaitanya ya Mundra Date: 2025.03.27 Mundra 12:07:49 +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

Kinetic Engineering Ltd. Secures In-Principle BSE Approval and Overwhelming Shareholder Support for ₹177 Crore Investment

• ₹177 crore investment to be made within 18 months

• First tranche of ₹55 crores to be completed before March 31, 2025

• Funds to be utilized for capex, tooling, and growth plans of Kinetic Engineering Ltd. and its subsidiary, Kinetic Watts and Volts

• Kinetic Watts and Volts to drive expansion in the fast-growing electric vehicle market

Pune, March 27[th] , 2025: Kinetic Engineering Ltd., a pioneer in the automotive and engineering sectors, has received inprinciple approval from the Bombay Stock Exchange (BSE) for the issuance of 1,03,56,725 warrants, amounting to ₹177 crores. This milestone is further strengthened by the overwhelming approval from shareholders, with 99.9967% of votes cast in favour of the investment.

In the recently held press conference in Mumbai, the company confirmed this development. Following this, it has now officially secured approvals from both SEBI and its shareholders, reflecting strong confidence in Kinetic Engineering’s strategic direction. In addition to the promoter group, key investors participating include Transaction Square LLP and Sai Geeta Penumetsa.

To further strengthen its financial position and accelerate growth, the first tranche of ₹55 crores will be infused into the business by March 31, 2025. The funds will be allocated towards capital expenditure, tooling, and overall growth initiatives, with a significant portion directed towards Kinetic Watts and Volts, the company’s subsidiary focused on the growing electric vehicle market.

Mr. Ajinkya Firodia, Vice Chairman, Kinetic Group, stated, "I am deeply committed to the success and resurgence of Kinetic Engineering. This investment marks a significant step in our journey of growth and transformation. We are focused on unlocking new opportunities, strengthening our market position, and creating long-term value for all stakeholders. We invite our investors to be part of this exciting phase and contribute to Kinetic Engineering’s dynamic and prosperous future."

As part of this investment plan, the promoters also aim to increase their shareholding from the current 59% to 70% by FY2027, further demonstrating their long-term commitment to the company’s growth.

About Kinetic Engineering

Kinetic Engineering Limited (KEL) is the flagship company of the Kinetic Group, with over five decades of manufacturing expertise. Led by Ajinkya Firodia, Vice Chairman & Managing Director, the Pune-based company has been a pioneer in the automotive industry. Its state-of-the-art manufacturing facility in Ahmednagar houses 1,000 employees, 32 production sheds, and over 400 machines. All of KEL’s products are IATF 16949 certified.

Celebrating its 52nd anniversary, KEL has built a strong legacy of manufacturing excellence. Its esteemed clientele includes industry leaders such as Renault, American Axle, Tata Motors, Mahindra & Mahindra, Ashok Leyland, Magna Powertrain, Sonalika Tractors, Carraro Products, and many others. The company operates a large manufacturing plant in Ahmednagar, with its corporate headquarters in Chinchwad, Pune.

Kinetic Engineering Limited is listed on the Bombay Stock Exchange (BSE): 500240.