The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arun Firodia Trust & PACs
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Kinetic Engineering Limited has informed the BSE that the Arun Firodia Trust, along with its Persons Acting in Concert (PACs), acquired 38,22,800 warrants of the company through a preferential allotment on 27 March 2025. The acquisition represents 12.10% of the total as well as the diluted share capital of the company. The trust and its PACs belong to the promoter/promoter group of Kinetic Engineering. Following the allotment, the total equity share capital of the company increases from 2,22,41,500 shares to 3,15,98,225 shares on a fully diluted basis. The PACs named include Arun Hastimal Firodia, Sulajja Firodia Motwani, Jayashree Arun Firodia, Ajinkya Arun Firodia, MicroAge Instruments Pvt. Ltd, and Jayashree Firodia Trust.
This is a promoter-group-led capital infusion, which signals confidence in the company's prospects and strengthens the promoters' stake by 12.10% on a diluted basis. For shareholders, this is a positive signal of promoter commitment, though it also means potential equity dilution if/when the warrants are converted into shares.