Kinetic Trust Approves Capital Hike, ₹6.6 Cr Preferential Issue

The Board considered and approved the following business:

The Director's report for the financial year ended March 31, 2026, along with requisite attachments.

Approved the increase in Authorised Share Capital of the Company from the existing ₹5,50,00,000 (Rupees Five Crores Fifty Lakhs Only) consisting of 55,00,000 (Fifty Five Lakhs) equity shares of face value ₹10.00 each to ₹10,00,00,000 (Rupees Ten Crores Only) consisting of 1,00,00,000 (One Crore) equity shares of face value ₹10.00 each. This approval is subject to shareholder approval at the ensuing Annual General Meeting (AGM) and will require consequent alteration in Clause V of the Memorandum of Association.

Approved a proposal for fund raising through issuance of up to 60,00,000 (Sixty Lakhs) warrants convertible into equity shares on a preferential basis to persons belonging to the non-promoter category. The issue price is set at ₹11 (Rupees Eleven Only) per warrant, aggregating to ₹6,60,00,000 (Rupees Six Crore Sixty Lakh Only). This preferential issue is subject to approval of shareholders at the ensuing AGM, regulatory/statutory authorities, and compliance with the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.

Fixed the day, date, and time of the 34th Annual General Meeting (AGM) and approved the Notice of AGM pursuant to section 101 of the Companies Act.

Appointed M/s C Gaur and Associates, Practicing Company Secretaries, as Scrutinizer for conducting the e-voting process and voting at the 34th AGM.

With special permission of the chair, the Board also:

Fixed the "Cut-off Date" for Dispatch of Notice to the Shareholders.
Fixed the "Cut-off Date" for determining Members eligible for remote e-voting on AGM resolutions.

The disclosure includes additional details as required by SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026:

Type of securities: 60,00,000 warrants convertible into equity shares of face value ₹10 each
Type of issuance: Preferential Issue in accordance with SEBI (ICDR) Regulations 2018 and Companies Act, 2013
Total Issue Size: ₹6,60,00,000 (Rupees Six Crore Sixty Lakh Only)

1. Vipul Garg - 6,00,000 warrants

2. Nidhi Jindal - 6,00,000 warrants

3. Kushal Jain - 6,00,000 warrants

4. Kashish Garg - 6,00,000 warrants

5. Vasu Suneja - 6,00,000 warrants

6. Sanjiv Khurana - 6,00,000 warrants

7. Anuj Garg - 6,00,000 warrants

8. Shruti Garg - 6,00,000 warrants

9. Aditya Gupta - 6,00,000 warrants

10. Aanya Garg - 6,00,000 warrants

Total: 10 allottees receiving 6,00,000 warrants each, aggregating 60,00,000 warrants.