Kinetic Engineering Secures BSE Approval For ₹177 Crore Investment

Kinetic Engineering has secured in-principle approval from the Bombay Stock Exchange for the ₹177 crore investment from its promoters. This investment amounts to the issuance of 1,03,56,725 warrants and along with BSE, Kinetic Engineering has also secured approvals from both Security And Exchange Board of India, and its shareholders. 

Out of the invested amount the first tranche of ₹55 crore will be invested back into the business by March 31, 2025. This fund will be allocated towards capital expenditure, tooling, and overall growth initiatives. Additionally, a significant portion will also go towards two of Kinetic Engineering’s subsidiary companies — Kinetic Watts and Volts. Both will be entrusted to develop electric vehicles for the brand, however, Kinetic Engineering has not specified if these EVs will be two-wheeler or three-wheelers. 

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Post this investment, the promoters will also increase their shareholding of Kinetic Engineering from the current 59 per cent to 70 per cent, by FY-2027. “This investment marks a significant step in our journey of growth and transformation. We are focused on unlocking new opportunities, strengthening our market position, and creating long-term value for all stakeholders. We invite our investors to be part of this exciting phase and contribute to Kinetic Engineering’s dynamic and prosperous future," concluded Ajinkya Firodia, Vice Chairman, Kinetic Group.