Kinetic Engineering has informed that the Board of Directors of the Company in their meeting held on 21/01/2025 passed the resolution for allotment of 80,000 equity shares of face value of Rs.10/- each to Jayashree Firodia Trust (Promotor Group) upon conversion of Optionally Convertible Cumulative Preference Shares (OCCPS) in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations 2018. (Detailed disclosure refer Annexure A).
The above information is a part of company’s filings submitted to BSE.
