Statement of Deviation(s) or Variation(s) for Quarter June 30, 2025.
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Kinetic Engineering filed a compliance statement under SEBI's Listing Regulations showing that the company received Rs. 56.71 crore till June 30, 2025 out of total warrant issue proceeds of Rs. 166.84 crore, with the remaining Rs. 110.13 crore expected within 18 months from the allotment date. There is no deviation or variation in the use of these funds, as confirmed by the Board and monitoring agency CARE Ratings Limited. Of the amount received so far, Rs. 19.64 crore was used for preference share redemption, Rs. 4.82 crore for overdue liabilities, and Rs. 10 crore was invested in subsidiary Kinetic Watts and Volts Limited via a rights issue for product development, capex and working capital. The Board approved a revised plan on May 13, 2025, reducing the working capital allocation from Rs. 10.10 crore to Rs. 8 crore and general corporate purpose from Rs. 10 crore to Rs. 1.84 crore, while capex and solar project allocation remained unutilized during the quarter.
This is a routine compliance filing with no deviation in fund usage, which is a neutral-to-mildly positive signal showing disciplined capital deployment. Shareholders should note that over Rs. 110 crore of additional inflow is pending over the next 18 months, and key allocations like subsidiary investment and capex remain largely undeployed, indicating future deployment-led growth potential.