Kinetic Engineering Limited has secured ₹40 crore through promoter infusion via warrant conversion, marking a strategic capital raise to accelerate expansion across electric vehicle and automotive component businesses. The Board of Directors approved the allotment of 31,00,000 equity shares to promoter group entities during their meeting held on March 11, 2026.

Strategic Capital Infusion Details

The transaction involved allotment of 31,00,000 equity shares with a face value of ₹10 each, issued at a premium of ₹161 per share. The total transaction value aggregated to ₹39,75,75,000, executed as a preferential allotment under applicable provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations 2018.

Promoter Shareholding Enhancement

Following the transaction, promoter shareholding has increased to 65% from 49% recorded four years ago, demonstrating long-term confidence in the company's strategic direction. The shares were distributed among three promoter group entities, with Jayashree Firodia Trust receiving the largest allocation of 15,50,000 shares.

Growth Strategy and Fund Utilization

The capital will support the overwhelming response to the newly launched Kinetic DX electric scooter and accelerate planned distribution expansion. Ajinkya Firodia, Vice Chairman & Managing Director, stated that funds will be utilized for expansion of both EV and component projects, with plans to appoint over 150 dealers for the Kinetic DX nationwide rollout.

Electric Vehicle Portfolio

Kinetic's subsidiary, Kinetic Watts and Volts, recently launched the Kinetic DX electric scooter featuring patented 'EASY' technologies including Easy Charge™, Easy FLIP™ and Easy Key™. The DX EV offers 37-litres under-seat storage and is powered by Range-X LFP battery technology, positioning the company in India's growing electric mobility market.

Warrant Conversion Status

The current allotment represents partial conversion of total warrants held by promoter group entities, with significant warrant balances remaining for future conversion across all three entities.

Kinetic Engineering Limited has announced a significant investment in its subsidiary company Kinetic Watts and Volts Limited, subscribing to 30,00,000 equity shares worth ₹3,00,00,000. The investment was completed on February 23, 2026, as disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Investment Details

The company subscribed to equity shares at par value, with each share priced at ₹10. The transaction represents a cash consideration investment that has strengthened Kinetic Engineering's control over its subsidiary operations.

Shareholding Changes

The investment has resulted in an increase in Kinetic Engineering's shareholding percentage in Kinetic Watts and Volts Limited. The company's stake has grown from 79.79% to 80.60% following the share allotment.

About Kinetic Watts and Volts Limited

Kinetic Watts and Volts Limited operates in the automobile industry and serves as a subsidiary of Kinetic Engineering Limited. The company was incorporated under the Companies Act, 2013 on September 27, 2022.

Regulatory Compliance

The transaction falls within the ambit of related party transactions since Kinetic Watts and Volts Limited is a subsidiary of Kinetic Engineering Limited. The company has confirmed that the investment was conducted at arm's length basis, ensuring compliance with regulatory requirements. No governmental or regulatory approvals were required for this investment, and no other promoter or group companies have any interest in this transaction beyond what has been disclosed.