Kinetic Engineering has scheduled its 55th Annual General Meeting for Tuesday, September 29, 2026. The meeting will commence at 11:15 am and will be conducted through Video Conferencing or Other Audio-Visual Means.

The company disclosed these details in a filing to the BSE on September 4, 2026. The notice accompanies the Annual Report for FY26, which is available on the corporate website and has been dispatched electronically to registered shareholders.

Meeting Schedule

Shareholders can participate in e-voting during a specific window preceding the meeting. The cut-off date for e-voting is Wednesday, September 23, 2026.

Compliance and Access

Pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company issued this intimation. Physical letters containing weblinks to access the Annual Report are being sent to shareholders who have not registered email addresses with the company, depositories, or the Registrar and Transfer Agent.

Chaitanya Mundra, Company Secretary and Compliance Officer, signed the disclosure. The documents are accessible at the company’s investor relations portal.

Kinetic Engineering reported a significant shift in its business mix during the first quarter of FY27, with electric vehicle (EV) segment sales accounting for 32% of total revenue. This marks a substantial increase from the 9.4% share recorded in FY26 and 5.0% in FY24, signaling the early commercial traction of its new mobility platform.

The Ahmednagar-based auto component manufacturer filed its investor presentation with the BSE on August 25, 2026, under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The filing details the company's transition from traditional internal combustion engine (ICE) components to an integrated EV supply chain play.

Revenue Mix Shift

The company’s segment-wise sales breakup reveals a rapid acceleration in its EV vertical. While the core transmission and driveline segments saw their contribution decline, the EV segment expanded significantly.

Geographically, domestic sales strengthened, rising to 71.0% of total revenue in Q1FY27 from 67.0% in FY26. Conversely, exports to Mexico declined to 23.0% from 28.0% in FY26, while US sales remained stable at 6.0%.

Promoter Confidence and Capital Structure

The promoter group has consistently increased its stake in the company, reflecting long-term commitment to the EV transition. Promoter shareholding rose from 49.0% in FY21 to 65.0% in FY26. Post-conversion of existing warrants, this stake is expected to reach approximately 70.0% in FY27.

Promoters have contributed over ₹100 crore through warrants to fuel future growth. On the balance sheet, total equity increased to ₹1,631.4 million in FY26 from ₹1,173.6 million in FY25. However, borrowings also rose, with non-current financial liabilities increasing to ₹473.4 million from ₹437.1 million, and current borrowings rising to ₹232.4 million from ₹166.4 million.

What the Numbers Show

The divergence between the EV segment’s revenue growth and the overall EBITDA margin compression highlights the capital-intensive nature of the current expansion phase. In FY26, net sales grew to ₹1,577.5 million from ₹1,424.6 million in FY25, yet EBITDA fell to ₹137.7 million (margin: 8.3%) from ₹178.2 million (margin: 11.5%). Reported PAT dropped sharply to ₹8.7 million in FY26 compared to ₹62.3 million in FY25, impacted by a rise in interest expenses to ₹58.2 million and exceptional items of ₹7.6 million related to gratuity wage code revisions. Despite the profit dip, cash and cash equivalents remained robust at ₹395.5 million, providing liquidity for ongoing capex in EV infrastructure.

Strategic Initiatives and Capacity

Through its subsidiary Kinetic Watts & Volts Ltd., the company has relaunched the iconic Kinetic DX as an electric scooter. The vehicle features a Range-X 2.6 kWh LFP battery with an IDC range of up to 116 km. The company has signed letters of intent with over 125 dealers and appointed 35 dealers to date, targeting a network of 100+ dealers by FY27.

Current manufacturing output stands at 75-100 units per shift, with standard capacity reaching up to 200 units per shift. The company aims to scale 2W EV volumes to 500-800 units per month. Additionally, Kinetic Engineering has partnered with Jio Things to integrate IoT capabilities into its EVs, including voice-assisted interaction and telematics.