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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kinetic Engineering Limited has filed its quarterly Statement of Deviation under SEBI Regulation 32(1) for the quarter ended 31 December 2025, related to a preferential issue of convertible warrants with total proceeds of Rs. 166.84 crore. Of this, the company has received Rs. 61.84 crore so far in multiple transactions, with the balance of Rs. 105 crore expected within 18 months from the date of allotment. There is no deviation or variation in the use of funds reported for the quarter. The board had earlier approved a revised plan on 13 May 2025, reducing capex allocation to Rs. 8 crore and working capital to Rs. 1.84 crore. During the quarter, Rs. 29 crore was utilised for investment in subsidiary Kinetic Watts and Volts Limited, while Rs. 1.82 crore went toward vendor payments; no funds were deployed for solar capex or general corporate purposes this quarter.
Shareholders can take comfort that there is no fresh deviation in fund usage, though the company is well behind on collecting the full warrant proceeds and has barely utilised the funds received so far. The slow pace of deployment, especially for capex and working capital, may signal weak execution or delayed expansion plans, which investors should track closely.