Kinetic Engineering Capital Structure Change
Kinetic Engineering's promoter, Micro Age Instruments, acquired 23,00,000 equity shares via warrant conversion, increasing their stake from 20.52% to 24.94%.
- Promoter stake change
- +4.42%
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Kinetic Engineering's promoter, Micro Age Instruments, acquired 23,00,000 equity shares via warrant conversion, increasing their stake from 20.52% to 24.94%.
Kinetic Engineering completed the last tranche of warrant conversion to its promoters, raising ₹57 Crore. The funds will fund driveline export capex and electric two-wheeler subsidiary expansion.
Kinetic Engineering board approved conversion of 44,51,000 warrants into equity shares at ₹171 each, aggregating ₹76.11 Crore. Warrants held by Promoter Group entities.
Kinetic Engineering subscribed ₹10 Crore for 1 crore equity shares in its EV subsidiary KWVL at par. Post-allotment stake rose to 86.15%.
Kinetic Engineering dispatched annual-report web-link letters to shareholders lacking registered emails. This is a routine Reg 36(1)(b) compliance intimation with no business substance.
Kinetic Engineering Limited has scheduled its 55th Annual General Meeting for September 29, 2026. Key agenda items include adopting FY26 financial statements and approving material related party transactions.
Kinetic Engineering Ltd has scheduled its 55th Annual General Meeting for September 29, 2026. The company also released its Annual Report for the financial year 2025-26.
Kinetic Engineering reports Q1 FY27 results, highlighting its strategic pivot toward EV components and the relaunch of the iconic Kinetic DX electric scooter via subsidiary KWVL.
Kinetic Engineering Ltd reported revenue from operations of ₹50.6 Cr (+43.3% YoY) and a net loss of ₹13 Cr for Q1 FY27.