Kinetic Engineering has informed that the Shareholders/Members of the Company at its meeting held today 29 September 2022 approved the following: Ordinary Business: Members adopted the audited financial statements for the year ended 31 March 2022, together with the Directors’ and Auditors’ Reports thereon; Members appointed Ajinkya Firodia (DIN No. 00332204) as a director who retires by rotation; Members Re-appointed Pawan Jain & Associates (Practicing CA Firm Reg. No. 107867W), as Statutory Auditors of the Company. Special Business; Issue of Equity Shares @ 116 per share on Preferential basis to Promoter. Shareholders approved issue of 8,79,310 Equity Shares to Micro Age Instruments (Promoter of the company) at Rs 116 per equity share (including premium of Rs 106) on Preferential Basis. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, the company has enclosed the proceedings of Annual General Meeting held on 29 September 2022.
The above information is a part of company’s filings submitted to BSE.
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