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.

Kinetic Engineering Limited announced that its electric vehicle subsidiary, Kinetic Watts & Volts Ltd. (KWV), has received approval under the Government of Maharashtra's Electric Vehicle Policy. The approval entitles the company to an incentive benefit of approximately ₹42 crore, which will be realized in phases over a 10-year period.

Policy Approval and Investment Details

The Maharashtra EV Policy provides comprehensive incentives aimed at establishing the state as a leading EV manufacturing hub. The policy integrates capital-linked support, buyer incentives, tax and fee exemptions, and provisions for component manufacturing to strengthen adoption and domestic capabilities across the EV value chain.

Kinetic DX EV and Manufacturing Focus

Kinetic Watts & Volts has recently entered the EV two-wheeler market with the Kinetic DX model, marking the return of the iconic Kinetic DX that redefined mobility nearly four decades ago. The company has designed the scooter from the ground up and tooled 99% of its components, with vehicles produced in Ahilyanagar, Maharashtra.

The Kinetic DX EV features several first-in-segment patented features including Easy Charge™, Easy FLIP™, and Easy Key™. The vehicle comes with a strong metal body and offers 37 litres of under-seat storage, which is class-leading in its segment.

Strategic Investment and Expansion Plans

According to Mr. Ajinkya Firodia, Vice Chairman & Managing Director of Kinetic Watts & Volts Ltd., the incentive supports the company's strategy of robotics-led manufacturing and in-house battery assembly. The investments will be deployed principally in KWV's manufacturing campuses in Maharashtra to:

• Expand production of the Kinetic DX EV range
• Enhance battery assembly (Range-X) operations
• Develop robotics-enabled chassis and sub-assembly lines
• Accelerate localization efforts
• Reduce supply-chain dependencies

Market Operations and Future Outlook

KWV has commenced sales and service operations in Pune, Mumbai, Vadodara, and Surat, with plans for national expansion. The company operates from a state-of-the-art manufacturing facility spanning 87,000 sq. ft., combining scalable and eco-friendly production with cutting-edge automation and quality systems.

Company Background

Established in September 2022, Kinetic Watts & Volts Ltd. is the dedicated electric vehicle manufacturing subsidiary of Kinetic Engineering Ltd. The parent company, Kinetic Engineering Limited, has been at the forefront of India's automotive manufacturing sector for over five decades, supplying to leading OEMs including Tata Motors, Mahindra & Mahindra, Ashok Leyland, Renault, American Axle, Magna Powertrain, and Sonalika Tractors.