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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Arun Firodia Trust, along with Persons Acting in Concert (PACs) including Arun Hastimal Firodia, Sulajja Firodia Motwani, and family-related entities, acquired 5,72,800 equity shares of Kinetic Engineering Ltd on 29th March 2025 through a Preferential Allotment. The acquisition represents 2.45% of the pre-allotment share capital and 1.81% of the diluted share capital. The total holding of the acquirer group remains at 12.10% of the company, as the acquisition appears to be conversion/issuance against existing instruments. The company's equity share capital increased from 2,22,41,500 to 2,34,11,091 shares as a result of the allotment.
This is a positive signal for shareholders as the promoter group is reinforcing its stake in the company through fresh issuance, indicating promoter confidence in Kinetic Engineering's future. However, the overall promoter holding percentage remained unchanged at 12.10% for this specific acquirer group, so the dilution effect of the preferential allotment may impact other shareholders' proportional ownership.