Investment Details

The Company has subscribed to 1,00,00,000 (One Crore) equity shares of Kinetic Watts and Volts Limited (KWVL), having a face value of ₹10/- (Rupees Ten Only) each, at par value. The total investment aggregates to ₹10,00,00,000/- (Rupees Ten Crore Only). The shares were allotted on September 16, 2026. The consideration was paid in cash.

Shareholding Impact

The shareholding of Kinetic Engineering Limited in KWVL changed as follows due to this investment:

  • Pre-allotment holding: 8,03,20,000 shares (84.69% shareholding)
  • Post-allotment holding: 9,03,20,000 shares (86.15% shareholding)

The transaction represents a 1.46% increase in ownership stake.

Transaction Characteristics

KWVL is a subsidiary of Kinetic Engineering Limited and thus the transaction falls within the ambit of related party transactions. The company has stated that the transaction was undertaken on an arm's length basis and on terms that are fair and reasonable. No promoter, promoter group, or group companies have any other interest in this transaction or in KWVL beyond the company's existing subsidiary relationship.

Subsidiary Company Background

Kinetic Watts and Volts Limited was incorporated under the Companies Act, 2013 on September 27, 2022, as a subsidiary of Kinetic Engineering Limited. The company is based in Maharashtra, India, and is engaged in the business of electric mobility and electric vehicles (EVs), including the development, manufacturing, and commercialization of electric two-wheelers and related products. The company belongs to the automobile industry.

Financial Information of KWVL

  • Authorized Capital: ₹125,00,00,000/- (Rupees One Hundred Twenty-Five Crore Only)
  • Paid-up Capital: ₹94,83,60,000/- (Rupees Ninety-Four Crore Eighty-Three Lakh Sixty Thousand Only)
  • Turnover History:
  • FY 2023-24: Nil
  • FY 2024-25: Nil
  • FY 2025-26: ₹788.95 Lakhs

Additional Details

The objects and impact of the acquisition are stated as "investment in subsidiary company to carry out business in the field of Automobile." No governmental or regulatory approvals were required for this acquisition, and no indicative time period for completion was specified as the transaction has already been completed with share allotment on September 16, 2026.