Key Quantitative Figures
- Total Funds Received (as of 31 March 2026): ₹101.60 crore (₹1,01,59,75,040)
- Total Issue Proceeds (Expected): ₹166.84 crore (₹1,66,83,99,975)
- Amount Pending Receipt: ₹65.24 crore (₹65,24,24,935)
- Shares Allotted in Reporting Quarter: 31,00,000 equity shares of face value ₹10 each
- Issue Price per Warrant: ₹171
- Amount from Q4 Allotment: ₹39.76 crore (31,00,000 warrants * ₹171)
Parties Involved
- Listed Entity: Kinetic Engineering Limited (Scrip Code: BSE-500240)
- Monitoring Agency: CARE Ratings Limited
- Subsidiary Company: Kinetic Watts and Volts Limited
Fund Utilization Breakdown
| Object | Amount Utilized (₹ Crore) | Variation for Quarter | Explanation |
| Redemption of Preference Shares | 19.64 | Nil | Nil utilization during the reporting quarter |
| Payment of Overdue Liabilities | 5.36 | Nil | Nil utilization during the reporting quarter |
| Investment in Subsidiary Company | 42.00 | Nil | Funds utilized towards equity investment in Kinetic Watts and Volts Limited via rights issue, as per issue objects |
| Capex including Solar Project | 0.00 | Nil | Nil utilization during the reporting quarter |
| Working Capital Requirements | 8.03 | Nil | Utilized towards vendor payments of the company |
| General Corporate Purposes | 0.00 | Nil | Nil utilization during the reporting quarter |
| Total | 74.49 | | |
Financial Impact
- The company confirmed there is no deviation or variation in the use of raised funds from the originally stated objects.
- The audit committee and auditors had no comments on the fund utilization for the quarter.
- The remaining ₹65.24 crore is expected to be received within 18 months from the date of allotment of the share warrants.
Capital Structure Impact
The conversion of 31,00,000 warrants into equity shares resulted in the issuance of an equivalent number of equity shares, increasing the company's share capital.
#Tags: #KineticEngineering #SEBIReg32 #FundUtilization #PreferentialIssue #FinancialCompliance