Kinetic Engineering Ltd. — Capital/Financing Update 2025

Jan 22, 2025

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KEL:SH:SE:

Date: 22[nd] January, 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: Raising of funds by Preferential Issue of Convertible Warrants.

Dear Sir/Madam,

This is to inform you that the Board of Directors of the Company in their meeting held on 21/01/2025 passed the resolution for Issuance of upto 1,03,56,725 (One Crore Three Lakh Fifty Six Thousand Seven Hundred Twenty Five) warrants, each convertible into, or exchangeable for, one equity share within the period of 18 months from the date of allotment at a price of Rs. 171/- (Rupees One Hundred Seventy One Only) each (including a premium of Rs.161/- (Rupees One Hundred Sixty One Only) aggregating upto Rs.1,77,09,99,975/- (Rupees One Hundred Seventy Seven Crores Nine Lakhs Ninety Nine Thousand Nine Hundred Seventy Five Only), to the specified Promoter(s) and Members of the Promoter Group and Non-promoter persons (“Warrant Holders”) by way of preferential issue in accordance with the applicable law and subject to necessary approval of the members of the Company and other regulatory authorities. (Detail disclosure refer Annexure A)

Kindly take the same on your records.

Thanking you.

Yours faithfully,

For Kinetic Engineering Limited

Chaitany Digitally signed by Chaitanya a Mundra Date: 2025.01.22 Mundra 16:43:05 +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 – ISSUANCE OF WARRANTS (EQUITY CONVERTIBLE WARRANTS)

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.	S. No.	Particulars	Particulars	Disclosures	Disclosures	Disclosures	Disclosures	Disclosures
1.		Type of securities proposed to be Issued		Convertible 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		Issuance of upto 1,03,56,725 (One Crore Three Lakh Fifty Six Thousand Seven Hundred Twenty Five) warrants, each convertible into, or exchangeable for, one equity share within the period of 18 months from the date of allotment at a price of Rs. 171/- (Rupees One Hundred Seventy One Only) each (including a premium of Rs.161/- (Rupees One Hundred Sixty One Only) aggregating upto Rs.1,77,09,99,975/- (Rupees One Hundred Seventy Seven Crores Nine Lakhs Ninety Nine Thousand Nine Hundred Seventy Five Only), to the specified Promoter(s) and Members of the Promoter Group and Non-promoter persons bywayofpreferential issue.
Additional information in case of preferential issue:
4.		Name of the Investors		1. Jayashree Firodia Trust 6. Sai Geeta Penumetsa 2. Arun Firodia Trust 7. Kapil Ahuja 3. Arun Hastimal Firodia 8. Mohanlal Hariprasad Saraf 4. Rohit Lohia 9. Shree Ram Colloids Private Limited 5. Transaction Square LLP 10. Tradelink Exim (India) Private Limited
5.		Post allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors		The details of the shareholding of the Proposed allottees in the Company prior to and after the Preferential Issue has been mentioned below. The Issue Price of the warrants is Rs.171/- as price determined as on Relevant Date in accordance with Regulation 164 (1) of the SEBI (ICDR) Regulation. The number of Investors is 10 (Ten).
6.		In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument		Each Warrant is convertible into One (1) equity share of Rs.10/- each and the conversion can be exercised at any time within a period of 18 months from the date of allotment of warrants, in one or more tranches, as the case may be and on such other terms and conditions as applicable. Option for conversion of warrants shall be available upon payment of full price of warrant before such exercise of option.
				LIST OF PROPOSED ALLOTTEES
SN	Name		P	re Preferenti	al Shareholding	No. of Convertible Warrants proposed to be allotted	*Pre Preferen	tial Shareholding
			N	o. of Equity Shares	% of Holding		No. of Equity Shares	% of Holding
1	Jayashree Firodia Trust			11,08,267	4.98	41,70,057	52,78,324	16.19
2	Arun Firodia Trust			0	0.00	38,22,800	38,22,800	11.73
3	Arun Hastimal Firodia			32,963	0.15	13,63,868	13,96,831	4.28
4	Rohit Lohia			0	0.00	2,00,000	2,00,000	0.61
5	Transaction Square LLP			0	0.00	2,00,000	2,00,000	0.61
6	Sai Geeta Penumetsa			0	0.00	2,00,000	2,00,000	0.61
7	Kapil Ahuja			0	0.00	1,00,000	1,00,000	0.31
8	Mohanlal Hariprasad Saraf			0	0.00	1,00,000	1,00,000	0.31
9	Shree Ram Colloids Private Limited			0	0.00	1,00,000	1,00,000	0.31
10	Tradelink Exim(India)Private Limited			0	0.00	1,00,000	1,00,000	0.31

*This preferential issue shareholding is on fully diluted basis with the assumption that all the convertible warrants will be converted into equity shares.

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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