The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arun Hastimal Firodia & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Arun Hastimal Firodia along with Persons Acting in Concert (including Firodia family members and trusts) acquired 13,63,868 warrants of Kinetic Engineering Ltd through a preferential allotment on 27th March 2025. The warrants represent 4.27% of the diluted share capital. With this acquisition, the combined holding of the promoter group rose to 13,96,831 securities, or 4.42% of the company's diluted equity capital (up from 0.15% earlier). The company's total equity share capital also expanded from 2.22 crore to 3.16 crore shares as a result of the allotment.
This is a positive signal of promoter confidence, as the promoter group is increasing its stake via preferential allotment rather than selling. However, since the instruments are warrants (not yet converted to shares), the actual voting power will only increase upon exercise. Shareholders should monitor future updates on warrant conversion and any further preferential allotments.