Listing approval received from BSE limited for 4,00,000 equity shares
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Awaiting price reaction for this filing.
Kinetic Engineering has received BSE listing approval for 4,00,000 equity shares of Rs. 10 face value each, issued at a premium of Rs. 161 per share (total issue price of Rs. 171). These shares were allotted to non-promoters on a preferential basis following the conversion of previously issued warrants. The approval letter from BSE is dated November 19, 2025. Trading approval is still pending and will be granted once the company files NSE listing approval (if applicable), NSDL/CDSL credit confirmation, and any applicable lock-in confirmations with BSE.
This is a routine regulatory update confirming that warrant-holders have converted their warrants into shares and these new shares are now approved for listing. It results in a modest increase in share count and dilution for existing shareholders, but no major price-moving event is expected. Investors should watch for the next update confirming trading approval.