Outcome of Board Meeting held on May 29, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kinetic Engineering Ltd's board approved audited financial results for Q4 and FY2026 ended March 31, 2026. Consolidated total income rose to Rs. 16,681 lakhs from Rs. 15,527 lakhs in FY2025, but profit after tax dropped sharply to Rs. 90 lakhs from Rs. 604 lakhs the previous year. Standalone PAT fell to Rs. 236 lakhs from Rs. 654 lakhs. The company allotted 31 lakh equity shares upon warrant conversion at Rs. 171 per share, raising Rs. 39.75 crore. The board also noted an investment of Rs. 13 crore in subsidiary Kinetic Watts & Volts Ltd, increasing its stake from 82.89% to 84.69%. Mr. Bhagwan S Waghmare was reappointed as Internal Auditor for FY2026-27. The statutory auditor issued a clean (unmodified) opinion on the financial results.
While revenue grew modestly, profit declined significantly which may concern investors. However, the clean audit opinion and capital raised through warrant conversion provide some stability. The increased investment in the EV-focused subsidiary indicates continued expansion plans.