Board Meeting Details
The Board of Directors meeting was held on Friday, May 29, 2026, commencing at 14:15 Hrs (IST) and concluding at 17:40 Hrs (IST).
Key Matters Approved
a) Financial Results
The Board approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended March 31, 2026, along with the Audit Reports issued by the Statutory Auditors.
b) Re-appointment of Internal Auditor
The Board, based on the recommendation of the Audit Committee, approved the re-appointment of Mr. Bhagwan S Waghmare as the Internal Auditor of the Company for FY 2026-27. Mr. Waghmare is an employee of the Company with longstanding experience in internal audit, finance and accounts department.
c) Investment in Subsidiary Company
The Board took note of the investment made by the Company in its subsidiary company, Kinetic Watts and Volts Limited.
Financial Results Highlights
Standalone Financial Results (Audited)
For Quarter Ended March 31, 2026:
- Revenue from Operations: ₹3,982 lakhs
- Total Income: ₹4,058 lakhs
- Profit Before Exceptional Items: ₹126 lakhs
- Exceptional Items (Past service cost due to wage code revision in Gratuity): ₹76 lakhs
- Profit Before Tax: ₹51 lakhs
- Profit After Tax: ₹51 lakhs
- Total Comprehensive Income: ₹56 lakhs
- Earnings Per Share (Basic): ₹0.21; (Diluted): ₹0.20
For Financial Year Ended March 31, 2026:
- Revenue from Operations: ₹15,031 lakhs
- Total Income: ₹15,830 lakhs
- Profit Before Exceptional Items: ₹306 lakhs
- Exceptional Items: ₹76 lakhs
- Profit Before Tax: ₹230 lakhs
- Profit After Tax: ₹230 lakhs
- Total Comprehensive Income: ₹235 lakhs
- Earnings Per Share (Basic): ₹0.97; (Diluted): ₹0.95
- Paid-up Equity Share Capital: ₹2,691 lakhs (Face value ₹10 per share)
Consolidated Financial Results (Audited)
For Financial Year Ended March 31, 2026:
- Total Income: ₹16,681 lakhs
- Profit Before Exceptional Items: ₹203 lakhs
- Exceptional Items: ₹76 lakhs
- Profit Before Tax: ₹127 lakhs
- Profit After Tax: ₹127 lakhs
- Profit Attributable to Owners: ₹103 lakhs
- Total Comprehensive Income: ₹130 lakhs
- Total Comprehensive Income Attributable to Owners: ₹106 lakhs
- Paid-up Equity Share Capital: ₹2,691 lakhs
- Earnings Per Share (Basic): ₹0.41; (Diluted): ₹0.40
Significant Transactions
Warrant Conversion
During the quarter ended March 31, 2026, the Company allotted 31,00,000 Equity Shares of face value ₹10 each pursuant to conversion of an equal number of warrants, at an issue price of ₹171 per warrant, aggregating to ₹39,75,75,000.
Subsidiary Investment
During the quarter ended March 31, 2026, the Company made investments aggregating to ₹13,00,00,000 in the equity share capital of its subsidiary company, Kinetic Watts and Volts Limited, comprising:
- ₹3,00,00,000 invested on February 23, 2026
- ₹10,00,00,000 invested on March 31, 2026
Post this investment, Kinetic Engineering Limited holds 8,03,20,000 shares (84.69%) of the total paid-up share capital of Kinetic Watts and Volts Limited, up from 7,03,20,000 shares (82.89%).
Subsidiary Company Details
Kinetic Watts and Volts Limited (KWVL) was incorporated under the Companies Act, 2013 on September 27, 2022 as a subsidiary of Kinetic Engineering Limited. The company operates in the automobile sector with historical turnover:
- FY 2023-24: Nil
- FY 2024-25: Nil
- FY 2025-26: ₹789 lakhs
Taxation Matters
- Deferred Tax Asset in respect of carried forward losses is recognized to the extent of Deferred Tax Liability
- No provision for Current Tax is made since there is no Taxable Income in view of carried forward Business Losses and Unabsorbed Depreciation
Segment Information
The company is operating in a single segment.
Other Income Composition
Other Income includes Profit on Sale of Non-Core Assets of ₹458 lakhs for year ended March 31, 2026, and ₹1,009 lakhs for the year ended March 31, 2025.
Declaration
Ajinkya Firodia, Vice Chairman and Managing Director, declared that the Statutory Auditors have issued an audit report with unmodified opinion on the Audited Financial Results.