Kinetic Engineering Ltd. — Share Issue/Capital Change 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: Allotment of 80,000 equity shares to Promotor Group upon conversion of OCCPS.

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 allotment of 80,000 (Eighty Thousand) equity shares of face value of Rs.10/(Rupees Ten Only) each to Jayashree Firodia Trust (Promotor Group) upon conversion of Optionally Convertible Cumulative Preference Shares (OCCPS) in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations 2018. (Detailed disclosure refer Annexure A)

Kindly take the same on your records.

Thanking you.

Yours faithfully,

For Kinetic Engineering Limited

Chaitan Digitally signed by Chaitanya ya Mundra Date: 2025.01.22 Mundra 15:35:52 +05'30'

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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 EQUITY SHARES ON CONVERSION OF OCCPS

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	Particulars	Disclosures	Disclosures	Disclosures	Disclosures	Disclosures	Disclosures	Disclosures	Disclosures	Disclosures
1.	Type of securities proposed to be Issued		Equity Shares pursuant to conversion of Optionally Convertible Cumulative Preference Shares.
2.	Type of issuance		Preferential Allotment
3.	Total number of securities proposed to be issued or total amount for which the securities will be issued		Allotment of 80,000 Equity Shares at an issue price of Rs.10/- each upon conversion for equal number of Optionally Convertible Cumulative Preference Shares allotted at an issue price of Rs.120/- each aggregating to Rs.96,00,000 (Rupees Ninety Six Lakh Only).
Additional information in case of			preferential issue:
4.	Name of the Investor			Name - Jayashree Firodia Trust
5.	Post allotment of securities – outcome of the subscription, issue price / allotted price (in case of convertibles), number of investor			Name of the Allottee(s)		Pre Issue Equity holding		No. of Shares allotted Upon conversion of OCCPS		Post issue Equity Holding after exercise of OCCPS
						No. of shares	%			No. of shares	%
				Jayashree Firodia Trust		10,28,267	4.64	80,000		11,08,267	4.98
				The number of Investor is 1 (One).
6.	In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument			Exercise of 80,000 Optionally Convertible Cumulative Preference Shares into 80,000 fully paid up Equity Shares of Rs.10/- each.
	The name of the allottee of Equity Shares pursuant to Conversion of OCCPS
Name of Allottee		No. of OCCPS allotted			No. of OCCPS applied for conversion		No of equity Shares allotted		No of OCCPS pending for Conversion
Jayashree Firodia Trust		80,000			80,000		80,000		Nil

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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