As part of the investment plan, the promoters aim to increase their shareholding from the current 59% to 70% by FY27.
The first tranche of ₹55 crore is expected to be injected into the business by March 31, 2025.“>
Kinetic Engineering, a prominent name in the automotive and engineering sectors, has secured in-principle approval from the Bombay Stock Exchange (BSE) to issue 1,03,56,725 warrants amounting to ₹177 crore. The proposal received overwhelming shareholder support, with 99.9967 per cent of votes cast in favour, reflecting strong confidence in the company’s growth strategy.Regulatory and shareholder endorsement
Following the recent press conference in Mumbai, the company confirmed that approvals from both the Securities and Exchange Board of India (SEBI) and its shareholders have now been secured. This development marks a milestone for Kinetic Engineering, indicating robust investor faith in the company’s strategic trajectory. Apart from the promoter group, notable investors participating in the investment include Transaction Square LLP and Sai Geeta Penumetsa.Funds to boost EV subsidiary and growth initiatives
The first tranche of ₹55 crore is expected to be injected into the business by March 31, 2025. These funds will be allocated towards capital expenditure, tooling, and other growth initiatives. A substantial portion will be directed towards Kinetic Watts and Volts, the company’s subsidiary focused on the rapidly expanding electric vehicle market.Ajinkya Firodia, vice chairman, Kinetic Group, stated, “I am deeply committed to the success and resurgence of Kinetic Engineering. This investment marks a significant step in our journey of growth and transformation. We are focused on unlocking new opportunities, strengthening our market position, and creating long-term value for all stakeholders. We invite our investors to be part of this exciting phase and contribute to Kinetic Engineering’s dynamic and prosperous future.”As part of the investment plan, the promoters aim to increase their shareholding from the current 59 per cent to 70 per cent by the financial year 2027, signalling a long-term commitment to the company’s growth and transformation.
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