Kinetic Engineering has informed that the Company gave a private placement offer letter (Form PAS - 4) as per the provision of section 42 of Companies Act 2013 read with rule 14(1) of Companies (Prospectus and Allotment of Securities) Rules, 2014 pertaining to Preferential allotment of the Company on December 02, 2015 to Micro Age Instruments to subscribe the shares of the Company as approved by Board of Directors of the Company at its meeting held on November 09, 2015.
The above information is a part of company’s filings submitted to BSE.
