Kinetic Engineering Ltd

Director Continuation

• 55th AGM on Sep 29, 2026 approved continuation of Jinendra Hirachand Munot as NED.
• Continuation till completion of tenure, after attaining age 75, under Companies Act 2013 and SEBI LODR.
• DIN 00049838 identified; position as Non-Executive Independent Director remains unchanged.

AGM Details

• AGM held on 29 September 2026 at 11:15 IST via VC/OAVM; concluded at 11:59 IST.

Key Resolutions

• Resolution 1: Adoption of standalone financial statements for FY2026; passed; 3 members voted against (17 votes).
• Resolution 2: Adoption of consolidated financial statements for FY2026; passed; 4 members voted against (18 votes).
• Resolution 3: Re-appoint Arun Hastimal Firodia as director; passed; 4 against (18 votes).
• Resolution 4: Continue Jinendra Hirachand Munot as Non-Executive Independent Director beyond age 75; passed; 5 against (68 votes).
• Resolution 5: Reclassify authorized share capital and amend MOA; passed; 4 against (18 votes).
• Resolution 6: Approve related party transactions with Kinetic Watts and Volts; passed; promoter votes excluded; in-favour 99.9996%.

AGM Details

• Held on Sep 29, 2026, at 11:15 IST, via VC/OAVM.
• Meeting duration 11:15–11:59 IST; 15-minute voting extension.
• Mode VC/OAVM; 49 members attended.

Key Resolutions

• Ordinary: Adoption of audited standalone financial statements for year ended March 31, 2026.
• Ordinary: Adoption of audited consolidated financial statements for year ended March 31, 2026.
• Special: Re-appointment of Dr. Arun Hastimal Firodia by rotation (83 years).
• Special: Continuation of Mr. Jinendra Hirachand Munot as Non-Executive Independent Director post age 75.
• Special: Reclassification of authorised share capital and alteration of Memorandum.
• Ordinary: Approval of material related party transaction with Kinetic Watts and Volts Limited.

Director Changes

• Director changes include rotation-based re-appointment of Dr. Arun Hastimal Firodia and Munot's continued tenure post-75.

Acquisition under Reg 29(2)

• Target: Kinetic Engineering Limited.
• Disclosing Party: Jayashree Firodia Trust, promoter group.
• PACs: Arun H. Firodia; Jayashree Arun Firodia; Ajinkya Arun Firodia; Sulajja Firodia; Micro Age Instruments Pvt Ltd.
• Mode: preferential allotment.
• Date: September 24, 2026.
• Pre-transaction holding: 32,55,058 shares, 12.10%.
• Transaction: acquired 20,23,266 shares; 4.73% of voting capital.
• Post-transaction holding: 52,78,324 shares, 16.83%.
• Equity share capital before: Rs 26,91,10,910 (2,69,11,091 shares).
• Equity share capital after: Rs 31,36,20,910 (3,13,62,091 shares).
• Total diluted capital after: Rs 31,36,20,910 (3,13,62,091 shares).
• Stock Exchange: BSE Limited.

Transaction details

• Target Company: Kinetic Engineering Limited.
• Disclosing Party: Micro Age Instruments Private Limited (promoter group) and PACs.
• Acquirers are promoter group entities.
• Transaction type: Acquisition of 23,00,000 equity shares via preferential allotment.
• Pre-transaction holding: 55,22,993 shares (20.52%).
• Post-transaction holding: 78,22,993 shares (24.94%).
• Acquired shares: 23,00,000 (4.42%).
• Date of transaction: September 24, 2026.
• Pre-transaction equity capital: Rs 26,91,10,910 (2,69,11,091 shares).
• Post-transaction equity capital: Rs 31,36,20,910 (3,13,62,091 shares).
• Total diluted capital after: Rs 31,36,20,910.

Trading Window closed from October 01, 2026 until the expiry of 48 hours from the announcement to the Stock Exchanges for the quarter ending September 30, 2026

Investment in KWVL details

• Investment in KWVL via subscription to 1,00,00,000 equity shares at par on Sept 16, 2026.
• Cash consideration of Rs 10 crore for the equity shares.
• KWVL is a subsidiary; related party transaction; arm's length terms.
• Post allotment, ownership rises to 86.15% of KWVL.
• Pre-shareholding 84.69% and post 86.15% ownership in KWVL.
• KWVL turnover FY2025-26: Rs 788.95 Lakhs; authorized capital Rs 125 crore; paid-up Rs 94.83 crore.
• Object: investment to support automobile/EV business through KWVL.
• Regulatory approvals not applicable for this acquisition.

AR access letters

• Letters dispatched providing web-link to access AR FY2025-26 to shareholders with unregistered email addresses.
• Date of intimation: September 11, 2026.