The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayashree Firodia Trust & PACs
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Awaiting price reaction for this filing.
Jayashree Firodia Trust, part of the promoter group of Kinetic Engineering Ltd, acquired 5,96,791 equity shares on 29 March 2025 through the conversion of warrants (preferential allotment). As a result, the promoter group's voting shareholding rose from 4.98% to 7.28% of the company's equity capital. The group's total diluted holding (including remaining warrants) stands at 16.70%. The total equity share capital of the company increased from 2,22,41,500 to 2,34,11,091 shares following this allotment. Several persons acting in concert, including Arun Hastimal Firodia, Sulaja Firodia Motwani, Jayashree Arun Firodia, Ajinkya Arun Firodia, MicroAge Instruments Pvt Ltd, and Arun Firodia Trust, are part of this disclosure.
This is a positive signal showing the promoter family's continued commitment and confidence in the company, as they exercised their warrants to increase their stake. However, the promoter group still holds well below 50%, meaning the company is not promoter-controlled by majority ownership, and the equity dilution from warrant conversion slightly reduces per-share value for existing shareholders.