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Kinetic Engineering Ltd. — Major Shareholding Notification 2023
Sep 13, 2023
60836_rns_2023-09-13_7be01650-7097-4081-b123-eb3707a1cfe0.pdf
Major Shareholding Notification
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To,
Date: 13 September, 2023
The Manager-Corporate Relations Department BSE Limited
1[st] Floor, P J Towers Fort, Mumbai- 400 001.
BSE Scrip Code: 500240. Company Name: Kinetic Engineering Limited.
Subject: Disclosure under Regulation 29 (2) read with Regulation 29 (3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 regarding acquisition of 2285000 equity shares and 80000 OCCPS of Kinetic Engineering Limited .
In compliance with the disclosure requirements under Regulation 29(2) read with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, please find enclosed herewith a disclosure in the prescribed format in relation to acquisition of 2285000 equity shares and 80000 OCCPS of Kinetic Engineering Limited pursuant to a preferential allotment by Kinetic Engineering Limited to the Promoters on 11 September, 2023
For Kinetic Engineering Limited
SIGN
CHAITANYA Digitally signed by CHAITANYA MUNDRA DN: c=IN, postalCode=768201, st=ORISSA, street=JHARSUGUDA 768201, l=JHARSUGUDA, o=Personal, title=4221, serialNumber=84305ab3c8129dea3fde8e633d832d7e0d39b0ec022 4902040acf6ed0c800da6, pseudonym=422120220901122344932, 2.5.4.20=5569253151ca719b4e2cfc6d0fefd8b56e4e8b53e1e9b7f47 MUNDRA 1a2381ca5995623, [email protected], cn=CHAITANYA MUNDRA Date: 2023.09.13 15:28:38 +05'30'
Chaitanya Mundra
Company Secretary and Compliance Officer
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Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
| Name of the Target Company (TC) | Name of the Target Company (TC) | Kinetic Engineering Limited | Kinetic Engineering Limited | |
|---|---|---|---|---|
| Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer |
1) Jayashree Arun Firodia 2) Ajinkya Arun Firodia 3) Micro Age Instruments Pvt. Ltd 4) Jayashree Arun Firodia Trust (Hereinafter the “Acquirer”) Person Acting in Concert with the Arun H Firodia Sulajja Firodia Motwani |
Acquirer: | ||
| Whether the acquirer belongs to Promoter/Promoter group |
Yes | |||
| Name(s) of the Stock Exchange(s) where the shares of TC are Listed |
BSE Limited | |||
| Details of the acquisition / disposal as follows | Number | % w.r.t.total share/voting capital wherever applicable(*) |
% w.r.t. total diluted share/voting capital of the TC (**) |
|
| Before the acquisition under consideration, holding of Acquirer and PAC: a) Shares carrying voting rights ~~b) Shares in the nature of encumbrance (pledge/~~ ~~lien/ non-disposal undertaking/ others)~~ ~~c) Voting rights (VR) otherwise than by shares~~ ~~d) Warrants/convertible~~ ~~securities/any~~ ~~other~~ ~~instrument that entitles the acquirer to receive~~ ~~shares carrying voting rights in the T C~~ ~~(specify holding in each category)~~ e) Total (a+b+c+d) |
1,08,67,685 1,08,67,685 |
54.68% 54.68% |
54.68% 54.68% |
|
~~c)~~ |
||||
~~d)~~ |
||||
e) |
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| a) ~~b)~~ |
Details of acquisition/~~sale~~by the Acquirer Shares carrying voting rights acquired~~/sold~~ ~~VRs acquired /sold otherwise than by shares~~ Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold ~~Shares encumbered / invoked/released by the~~ ~~acquirer~~ Total (a+b+c+/-d) |
2285000 80000 2365000 |
4.67% 0.15% 4.82% |
4.67% 0.15% 4.82% |
|
|---|---|---|---|---|---|
c) ~~d)~~ |
|||||
e) |
|||||
| After the acquisitio~~n/sale,~~holding of Acquirer and PAC: a) Shares carrying voting rights ~~b) Shares encumbered with the acquirer~~ ~~c) VRs otherwise than by shares~~ d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition e) Total (a+b+c+d) |
1,31,52,685 80,000 1,32,32,685 |
59.35% 0.15% 59.50% |
59.35% 0.15% 59.50% |
||
| Mode of acquisition / sale (e.g. open market / off- market / public issue / rights issue / preferential |
Preferential Allotment | ||||
| ~~ll t~~ ~~t / i t~~ ~~t~~ ~~f~~ ~~t )~~ Date of acquisition /~~sale of shares~~/ VR or date of receipt of intimation of allotment of shares, whichever |
11 September, 2023 | ||||
| ~~i~~ ~~li~~ ~~bl~~ Equity share capital / total voting capital of the TC before the said acquisition / sale |
1,98,76,500 equity shares | ||||
Equity share capital/ total voting capital of the TC after the said acquisition /~~sale~~ |
2,22,41,500 equity shares | ||||
| Total diluted share/voting capital of the TC after the said acquisition |
2,22,41,500 equity shares |
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.
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For Kinetic Engineering Limited
CHAITANYA MUNDRA
Digitally signed by CHAITANYA MUNDRA DN: c=IN, postalCode=768201, st=ORISSA, street=JHARSUGUDA 768201, l=JHARSUGUDA, o=Personal, title=4221, serialNumber=84305ab3c8129dea3fde8e633d832d7e0d39b0ec0224902040acf6ed0c800da6, pseudonym=422120220901122344932, 2.5.4.20=5569253151ca719b4e2cfc6d0fefd8b56e4e8b53e1e9b7f471a2381ca5995623, [email protected], cn=CHAITANYA MUNDRA Date: 2023.09.13 15:29:58 +05'30'
Chaitanya Mundra
Company Secretary and Compliance Officer
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