Kinetic Trust Limited has appointed Ms. Pooja Agarwal as its Company Secretary and Compliance Officer effective June 1, 2026. The Board of Directors approved the appointment during a meeting held on Monday, June 1, 2026. The appointment is for a fixed term of five years.

Ms. Agarwal holds membership number A77720 and is an Associate Member of the Institute of Company Secretaries of India. She has 8 months of experience in secretarial, legal, and compliance functions, including corporate governance, SEBI compliances, and Companies Act matters. She succeeds the previous compliance structure, taking on the responsibilities outlined under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Brief Profile of Company Secretary

The meeting commenced at 3:00 P.M. and concluded at 3:30 P.M. on June 1, 2026. The decision was communicated to the Bombay Stock Exchange Limited by Director Rajesh Arora.

Kinetic Trust Limited, a Listed Non-Banking Financial Company (NBFC), has disclosed that the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj, approved its Resolution Plan for the Corporate Insolvency Resolution Process (CIRP) of Sibri Traders Private Limited vide order dated May 6, 2026. The company received the certified copy of the order on May 15, 2026, and made the requisite disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on May 18, 2026.

Background of the CIRP

The CIRP against Sibri Traders Private Limited was initiated on April 24, 2025, pursuant to a Company Petition bearing CP (IB) No. 143/ALD/2024 filed by financial creditor M/s Bakliwal Vyapaar Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. Sibri Traders Private Limited is engaged in trading activities including buying, selling, reselling, importing, exporting, transporting, storing, developing, promoting, marketing, supplying and dealing in betel nuts, catechu (Khata), perfumes, and other related goods on both retail and wholesale basis. A total of seven CoC meetings were held during the CIRP period, with the sole CoC member, M/s Bakliwal Vyapaar Private Limited, holding 100% voting share.

Resolution Plan and Financial Proposal

Kinetic Trust Limited submitted a revised Resolution Plan on October 8, 2025, which was considered and approved by the CoC in its 6th meeting held on October 11, 2025, with 100% voting share. The following table summarises the key financial details of the approved Resolution Plan as presented in Form H:

The creditor-wise distribution under the approved Resolution Plan is as follows:

In addition to the resolution plan amount of Rs. 1,10,00,000, unpaid CIRP costs up to Rs. 10 Lacs, as approved by the CoC during the CIRP period, are to be paid in full by the Resolution Applicant separately, in priority over all other creditors, in accordance with Section 30(2)(A) of the Code.

Key Terms and Implementation Schedule

The Resolution Plan provides for implementation within 90 days from the Effective Date, which is defined as the date of approval of the Resolution Plan by the Adjudicating Authority. Key implementation milestones include:

• Formation of Monitoring Committee: Automatically on the Effective Date
• Signing of Definitive Agreement: Within 90 days from the Effective Date
• Extinguishment of 100% shares of existing shareholders and issuance of fresh shares to the Resolution Applicant: Within 90 days from the Effective Date
• Infusion of funds (upfront payment): Within 90 days from the Effective Date
• Balance payment: Within 90 days from the Effective Date
• Dissolution of Monitoring Committee: Upon payment of balance amount

The SRA submitted a performance bank guarantee amounting to Rs. 14,00,000 via RTGS on October 30, 2025, along with Rs. 20,00,000 and Rs. 10,00,090 as Earnest Money Deposit at the time of submission of the EOI.

Monitoring Committee and Post-Approval Directions

The NCLT constituted a Monitoring Committee comprising one nominee member of the CoC, one nominee member of the Resolution Applicant, and the Resolution Professional. The Monitoring Committee is directed to supervise the implementation of the Resolution Plan and file monthly reports on its progress. The moratorium imposed under Section 14 of the Code shall cease to have effect from the date of the order. The Resolution Professional has been directed to pursue PUFE applications under Sections 43, 44, 45, 49, 50, and 66 of the Code, with any recovery to be shared with the financial creditor of the Corporate Debtor.

About the Successful Resolution Applicant

Kinetic Trust Limited is a Listed Non-Banking Financial Company (NBFC) incorporated in 1992 with CIN L67120PB1992PLC012532, listed on BSE with over three decades of experience. The company provides a comprehensive portfolio of financial services including investment and trading portfolio and fund management services, merchant banking, and cooperative services, catering to both institutional and individual investors. The NCLT, upon reviewing the Resolution Plan and all compliance documents including Form H, found the plan to be in conformity with Sections 30 and 31 of the Insolvency and Bankruptcy Code, 2016, and the applicable CIRP Regulations, and accordingly approved the same vide its order dated May 6, 2026.