Kinetic Engineering Limited adopted its audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, during its 55th Annual General Meeting held on September 29, 2026. The shareholders also approved the re-appointment of Dr. Arun Hastimal Firodia as a director.

The meeting, conducted via Video Conferencing/Other Audio-Visual Means, commenced at 11:15 am and concluded at 11:59 am. A total of 49 members attended the virtual gathering, which was chaired by Mr. Arun Firodia, Chairman and Non-Executive Director.

Key resolutions passed

The shareholders transacted several ordinary and special business items, focusing on governance continuity and operational adjustments. The Vice Chairman and Managing Director apprised members of strategic priorities, including a focus on electric mobility and strengthening engineering capabilities.

Governance and strategic focus

Dr. Arun Firodia, who attained 83 years of age, was re-appointed under a special resolution as he retires by rotation but offers himself for re-appointment. Similarly, Mr. Jinendra Hirachand Munot received approval to continue his directorship as a Non-Executive Independent Director post attaining the age of 75 years.

The board also sought shareholder approval for material related party transactions between the company and Kinetic Watts and Volts Limited. Additionally, the reclassification of authorized share capital was approved, necessitating alterations to the company's Memorandum of Association.

Leadership updates

Mr. Ajinkya Arunkumar Firodia, Managing Director, signed the proceedings digitally. The Company Secretary, Mr. Chaitanya Mundra, briefed members on the voting process, while CS Dinesh Birla served as the scrutinizer for remote and on-meeting e-voting.

Kinetic Engineering Limited saw its promoter shareholding increase to 69.27% following the final tranche of warrant conversions completed on September 24, 2026. Micro Age Instruments Private Limited acquired 23,00,000 equity shares, bringing the total promoter group stake up from 50% over the last four years.

In a related disclosure filed on September 25, 2026, the Jayashree Fiordia Trust reported acquiring 20,23,266 equity shares through the same warrant conversion process. This acquisition raised the Trust's individual holding to 16.83% of the company's total share capital, up from its previous position. The conversion of 44,51,000 warrants into equity shares on September 24, 2026, resulted in the total diluted share capital rising to 3,13,62,091 shares.

This acquisition is part of a broader capital infusion of approximately ₹57 crore aimed at strengthening the company's electric mobility and automotive components businesses. The capital allocation directs ₹40 crore to its electric two-wheeler subsidiary, Kinetic Watts & Volts (KWV), and ₹17 crore towards capex for new driveline orders.

Allocation of capital

The ₹57 crore investment is structured as the last tranche of conversion for 44,51,000 warrants issued to promoters in March 2025. This tranche is split between two key growth verticals:

The ₹17 crore directed toward capex supports new business received for driveline components destined for Europe and Mexico. This order book is valued at approximately ₹500 crore over a seven-year period, providing long-term revenue visibility for the components division.

Electric mobility momentum

Kinetic Watts & Volts has been receiving strong consumer response for the Kinetic DX and DX+ electric scooters. The company aims to enter the top 10 electric vehicle brands in India, driven by projected sector growth. According to a Kearney report cited by the company, electric two-wheeler penetration is expected to reach 26% by FY30, expanding the market size from 1.8 million to 7 million units.

To support this expansion, Kinetic has established a distribution network with over 150 dealer LOIs, of which more than 60 are operational with 3S (Sales, Service, and Spares) facilities. The Kinetic DX scooter offers up to 132 km IDC range and features a 3.1 kWh LFP battery.

Promoter confidence and design recognition

Promoter shareholding in Kinetic Engineering has increased from 50% to 69.27% over the last four years, reflecting sustained confidence in the company's long-term strategy. Ajinkya Firodia, Vice Chairman & Managing Director, stated that the auto-components business is seeing a healthy pipeline, targeting EBITDA margin improvements to around 12%.

What the numbers show

The dual allocation of capital highlights a balanced growth strategy: leveraging the high-growth potential of the EV market through subsidiary funding while securing stable, long-term cash flows from the established components business. The ₹500 crore order book for drivelines provides a revenue anchor that can potentially subsidize the capital-intensive ramp-up of the EV subsidiary, reducing overall balance sheet risk during the transition phase.

Additionally, Kinetic Watts & Volts recently won two titles at the India's Best Design Awards 2026, reinforcing the brand's focus on design-led engineering alongside functional utility.