Kinetic Engineering Limited has made an investment in its subsidiary, Kinetic Watts and Volts Limited, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Nature of the Event

The company has subscribed to 4,20,00,000 (Four Crore Twenty Lakh) equity shares of Kinetic Watts and Volts Limited, having a face value of ₹10 each, at par. The total investment amounts to ₹42,00,00,000 (Rupees Forty-Two Crore). The shares were allotted on November 13, 2026.

Key Quantitative Figures

  • Investment amount: ₹42,00,00,000
  • Number of shares: 4,20,00,000 equity shares
  • Face value per share: ₹10
  • Price per share: ₹10 (at par)
  • Subsidiary's authorized capital: ₹1,50,00,00,000 (Rupees One Hundred Fifty Crore)
  • Subsidiary's paid-up capital: ₹1,04,83,60,000 (Rupees One Hundred Four Crore Eighty-Three Lakh Sixty Thousand)
  • Subsidiary's FY 2025-26 turnover: ₹788.95 lakhs

Shareholding Change

The shareholding of Kinetic Engineering Limited in Kinetic Watts and Volts Limited changed as follows:

  • Pre-investment: 9,03,20,000 shares (86.15%)
  • Post-investment: 13,23,20,000 shares (90.11%)

Parties Involved

  • Investor: Kinetic Engineering Limited
  • Target: Kinetic Watts and Volts Limited (subsidiary)

Subsidiary Background

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

Turnover history:

  • FY 2023-24: Nil
  • FY 2024-25: Nil
  • FY 2025-26: ₹788.95 lakhs

Transaction Details

  • The transaction qualifies as a related party transaction since Kinetic Watts and Volts Limited is a subsidiary
  • The transaction was conducted on an arm's length basis with terms that are fair and reasonable
  • No promoter, promoter group, or group companies have any other interest in the transaction
  • Consideration form: Cash
  • No governmental or regulatory approvals required
  • No indicative time period for completion (already completed)