Allotment of 4,00,000 equity shares upon conversion of Warrants.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kinetic Engineering's board, at a meeting on September 24, 2025, approved the allotment of 4,00,000 equity shares to non-promoter allottees upon conversion of warrants. Each share has a face value of Rs.10 with a premium of Rs.161, taking the issue price to Rs.171 per share and the total consideration to Rs.6.84 crore. The allottees are Transaction Square LLP (2,00,000 shares) and Sai Geeta Penumetsa (2,00,000 shares), both of whom had no prior equity holding in the company. This was a preferential allotment, and all 4,00,000 warrants have now been fully converted with no warrants pending.
Minor equity dilution of 4 lakh shares to non-promoter investors, bringing in Rs.6.84 crore. Since both allottees were new shareholders with no prior holding, this increases the non-promoter base but is unlikely to materially affect share price.