Your Directors are pleased to present the 54th (Fifty
Fourth) Annual Report of Kinetic Engineering Limited (KEL) along with the Audited
Financial Statements (Standalone as well as Consolidated) for the financial year ended 31st
March, 2025. This Board's Report is prepared based on the standalone financial statements
of the Company and presents the key highlights of performance of subsidiary and their
contribution to the overall performance of the Company during the year under review.
1. FINANCIAL SUMMARY AND HIGHLIGHTS
| Particulars |
31st March, 2025 |
31st March, 2024 |
| Total Income |
15,423.75 |
15,199.38 |
| Profit/(Loss) before Interest, Depreciation,
Tax and Other Amortizations ("EBIDTA") |
1,813.34 |
1,724.81 |
| Less : Depreciation and Amortization Expenses |
649.80 |
642.09 |
| Finance Cost |
490.21 |
545.28 |
| Tax Expenses - Net |
- |
- |
| Profit/(Loss) for the year |
673.33 |
537.44 |
| Other Comprehensive Income |
(19.05) |
(20.15) |
| Total comprehensive income/(loss) for the
year |
654.28 |
517.29 |
During the financial year, your Company has achieved net profit of
H654.28 Lakhs, a 26.48% jump over the previous year's profit. It also achieved revenue of
H15,423.75 lakhs as compared to last year's revenue of H15,199.38 Lakhs.
Your company continues to pursue its strategy of adding new strategic
customers & programs and exports led growth while investing in cost saving initiatives
and improved profitability.
2. AMOUNT, IF ANY, WHICH THE BOARD PROPOSES TO CARRY TO ANY RESERVES
Your Directors do not propose to transfer any amounts to the general
reserves of the Company, instead have recommended to retain the entire profits for the
financial year ended 31st March, 2025 in the profit and loss account.
3. DIVIDEND
Considering the future business expansion & growth of the Company
Board does not recommend any dividend for the Financial Year 2024-25. Your Company's
policy on Dividend Distribution is available at www.kineticindia. com/policies under
Investor Relations Section.
4. STATE OF THE COMPANY'S AFFAIRS
The performance of businesses is detailed out in the Management
Discussion and Analysis Report, which forms part of the Annual Report.
5. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL
POSITION OF THE COMPANY, HAVING OCCURRED SINCE THE END OF THE YEAR AND TILL THE DATE OF
THE REPORT
There were no material changes and commitments affecting the financial
position of the Company between the end of the financial year and the date of this report.
6. CHANGE IN THE NATURE OF BUSINESS
The Company has not changed its nature of business during the financial
year ended 31st March, 2025.
7. CAPITAL AND DEBT STRUCTURE Authorized share capital
There was no change in authorized share capital of the Company. The
Authorized share capital of the Company at year end H1,95,90,82,530/- comprises of Equity
and Preference shares.
Subscribed and Paid-up share capital
Issued, subscribed and paid-up share capital of the Company at the year
end is as follows.
| Class of Shares |
Value Per Share |
Authorised Capital |
Issued Capital |
Subscribed Capital |
Paid Up Capital |
|
|
No. of Shares |
Amount |
No. of Shares |
Amount |
No. of Shares |
Amount |
No. of Shares |
Amount |
| Equity Shares |
10 |
5,30,13,932 |
53,01,39,320 |
2,38,93,384 |
23,89,33,840 |
2,34,11,091 |
23,41,10,910 |
2,34,11,091 |
23,41,10,910 |
| 8.00% Optionally Convertible Cumulative
Preference Shares |
120 |
80,000 |
96,00,000 |
0 |
0 |
0 |
0 |
0 |
0 |
| Optionally Convertible Cumulative Preference
Shares |
65 |
8,30,154 |
5,39,60,010 |
0 |
0 |
0 |
0 |
0 |
0 |
| 8.5% New Optionally Convertible Cumulative
Preference Shares |
65 |
11,76,650 |
7,64,82,250 |
0 |
0 |
0 |
0 |
0 |
0 |
| Redeemable Cumulative Preference Shares |
156 |
3,20,500 |
4,99,98,000 |
0 |
0 |
0 |
0 |
0 |
0 |
| Optionally Convertible Cumulative Preference
Shares |
156 |
1,02,000 |
1,59,12,000 |
0 |
0 |
0 |
0 |
0 |
0 |
| Preference Shares |
10 |
12,22,99,095 |
1,22,29,90,950 |
0 |
0 |
0 |
0 |
0 |
0 |
During the year following changes were made in Share Capital:
¦ Board in their meeting held on 21/01/2025
converted 80,000 Optionally Convertible Cumulative Preference Shares
(OCCPS) into Equity Shares Capital.
¦ Board in their meeting held on 27/03/2025
redeemed all the outstanding fully paid up Preference Shares through
the proceeds of convertible warrants amounting ?19,63,52,260/-
¦ Board in their meeting held on 27/03/2025 issued the 93,55,725
Convertible Warrants ("Warrants”) by way of Preferential Issue.
¦ Board in their meeting held on 29/03/2025
converted 11,59,591 warrants into equity shares and made allotment of
the 11,59,591 equity shares.
¦ Board in their meeting held on 09/04/2025 issued the 4,00,000
Convertible Warrants ("Warrants”) by way of Preferential Issue.
8. INVESTOR EDUCATION AND PROTECTION FUND (l EPF)
Pursuant to the Section 124 applicable provisions of the Companies Act,
2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit,
Transfer and Refund) Rules, 2015 ("IEPF Rules”), all the unpaid or unclaimed
dividends are required to be transferred to the IEPF established by the Central
Government, upon completion of seven (7) years. Further, according to the Investor
Education & Protection Fund ("IEPF”) Rules, the shares in respect of which
dividend has not been paid or claimed by the Shareholders for seven (7) consecutive years
or more shall also be transferred to the demat account created by the IEPF
Authority. Your Company does not have any unpaid or unclaimed dividend
which is required to be transferred to the IEPF as on the date of this Report.
9. MANAGEMENT
Directors and Key Managerial Personnel
As on 31st March, 2025 our Board comprised of eight members,
headed by a Non- Executive Chairman, One Executive Directorand Six Non-Executive
Directors, where in five are Independent Directors. The composition of Board is in
accordance with the requirements of Listing Regulations 2015 & Companies Act, 2013.
Changes in Directors and Key Managerial Personnel during year
Mr. Rohit Prakash Bafana has completed his term as an Independent
Director in Company and consequently ceased to be a Director of the Company with effect
from 13th February, 2024. The board has appointed
him as an Independent Director w.e.f. 30th May, 2024 and
subsequently members approved his appointment through postal ballot dated 30th
June, 2024. Further Mrs. Sulajja Firodia Motwani resigned from the directorship of the
company with effect from 3rd October, 2024.
In the lastAGM held on 30th September, 2024 shareholder
approved the reappointment of Mrs. Jayashree Arun Firodia as a Non-Executive Director.
Further Board proposed the reappointment of Mr. Jinendra Hirachand Munot, Independent
Director for second term of 5 (Five) consecutive years commencing from 20th
October, 2025 up to 19th October, 2030. Further Board proposed the
reappointment of Mr. Venkataiah Mad ipalli, Independent Director for second term of 5
(Five) consecutive years commencing from 10th February, 2025 to 9th February,
2031.
Mr. Ajinkya Arun Firodia, Director of the Company, who retires by
rotation, being eligible, offers himself for reappointment at the ensuing Annual General
Meeting. Further Mr. Shashikant Shivanand, who was appointed as an Additional Director
(Non-Executive, Non- Independent) of the Company on 28th July, 2025, holds
office up to the ensuing Annual General Meeting and, being eligible, offers himself for
appointment.
During the year Mr. Ajinkya Arun Firodia step down from the position of
the Chief Financial Officer with effect from 14th February, 2025 and Mr.
Vinayak Jayaram Shevade appointed as a Chief Financial Officer of the company with effect
from 15th February, 2025.
Declaration given by Independent Directors
The independent directors have submitted a declaration of independence,
stating that they meet the criteria of independence as provided under section 149(5) of
the Companies Act, as amended, and regulation 15 of the SEBI Listing Regulations.
The independent directors have also confirmed compliance with the
provisions of rule 5 of Companies (Appointment and Qualifications of Directors) Rules,
2014, as amended, relating to inclusion of their name in the databank of independent
directors. The Board took on record the declaration and confirmation submitted by the
independent directors regarding them meeting the prescribed criteria of independence,
after undertaking due assessment of the veracity of the same in terms ofthe requirements
of regulation 25 of the SEBI Listing Regulations.
Lead Independent Director
Mr. Jinendra Hirachand Munot acts as the "Lead Independent
Director” and co-ordinates with the company senior management on behalf of the other
independent directors for various information flow and advising on improvement areas,
among others.
Familiarization Program for Independent Directors
The Company has in place a familiarization program for its Independent
Directors. The objective of the program is to familiarize Independent Directors on our
Board with the business of the Company, industry in which the Company operates, business
model, challenges etc. through various programs which includes interaction with subject
matter experts within the Company, meetings with our functional leads etc. on regular
basis.
Statement regarding Opinion of the Board with regard to Integrity,
Expertise and Experience (Including the Proficiency) of the Independent Directors
appointed during the Year
During the year Mr. Rohit Prakash Bafana was appointed as an
independent Director of the Company. In the opinion of the Board, there has been no change
in the circumstances which may affect his status as Independent Directors of the Company
and the Board is satisfied of the integrity, expertise and experience (including
proficiency in terms of Section 150(1) of the Act and applicable rules thereunder) of
Independent Directors on the Board.
Board Meetings
The Board met Seven (7) times during the financial year 2024-25 viz. 30th
May 2024, 14th August 2024, 14th November 2024, 21st
January 2025, 14th February 2025, 27th March 2025 and 29th
March 2025.
Audit Committee
AH the Committee members are Non-Executive
Independent Directors. AH the Members of the Committee possess
sufficient accounting and financial management knowledge. The Company Secretary of the
Company is the Secretary of the Committees also. The recommendations of the Audit
Committee during the year were accepted by the Board.
Nomination & Remuneration Committee
AH the Committee members are Non-Executive
Independent Directors. The Company Secretary of the Company is the
Secretary of the Committees also. The recommendations of the Committee on the director
remuneration during the year were accepted by the Board.
Board Diversity and Policy on Director's Appointment and Remuneration
Your Company have always strived for relevant diversity in the Board
representing a healthy mix of gender & experience. The policy on 'Nomination and
Remuneration' and 'Board Diversity' adopted by the Board sets out the criteria for
determining qualifications, positive attributes and independence while evaluating a person
for appointment / reappointment as a Director or as KMP, with no discrimination on the
grounds of gender, race or ethnicity, nationality or country of origin.
The detailed Nomination & Remuneration Policy is annexed as
Annexure-IV and forms part of this Report and is also available on the website of the
www.kineticindia. com/policies under Investor Relations Section.
Stakeholders Relationship Committee
The Committee assists the Board and the Company in maintaining healthy
relationships with all stakeholders. AH the Committee members are Non-Executive
Independent Directors. The Company Secretary of the Company is the Secretary of the
Committees also.
Risk Management Committee
The Company was not covered under the regulation 21 of the Securities
& Exchange Board of India (Listing Obligations & Disclosure Requirements)
Regulations, 2015. Hence it's not required to form Risk Management Committee.
Formal Annual Evaluation
Pursuant to the provisions of the Companies Act, 2013 and Listing
Regulations, 2015, Independent Directors at their discussion, without the participation of
the NonIndependent Directors and Management, evaluated the Boards' performance,
Performance of the Chairman and other Non-Independent Directors.
The Board subsequently evaluated its own performance, the working of
its Committees (Audit, Nomination and Remuneration and Stakeholders Relationship
Committee) and Independent Directors (without participation of the relevant Director).
The criteria for performance evaluation have been detailed in the
Corporate Governance Report which forms part of the Annual Report.
Directors' Responsibility Statement
Pursuant to Section 134(5) of the Companies Act, 2013, your Directors,
based on the representations received from the Operating Management, and after due
enquiry, confirm that:
(a) In the preparation of the annual accounts for the Financial Year
ended 31st March, 2025 the applicable accounting standards have been followed
along with proper explanation relating to material departures;
(b) The Directors had in consultation with Statutory Auditors, selected
accounting policies and applied them consistently and made judgments and estimates that
are reasonable and prudent so as to give a true and fair view of the state of affairs of
the Company as at 31st March, 2025;
(c) The Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the provisions of the
Companies Act, 2013 for safeguarding the assets of the Company and for preventing and
detecting fraud and irregularities;
(d) The Directors have prepared the annual accounts on a going concern
basis;
(e) The Directors have laid down adequate Internal Financial Controls
to be followed by the Company and such Internal Financial Controls were operating
effectively during the Financial Year ended 31st March, 2025;
(f) The Directors had devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems were adequate and operating
effectively throughout the Financial Year ended 31st March, 2025.
10. INTERNAL FINANCIAL CONTROLS
The Company has adequate internal control system commensurate with its
size and nature of business for ensuring efficiency of operations, adherence to management
policies and protection of company's assets. The Company's Audit Committee periodically
reviews the internal control systems and compliance with Company's policies, procedures
and laws.
11. DISCLOSURES RELATING TO SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
As of 31st March, 2025 your Company have one subsidiary
company i.e. Kinetic Watts and Volts Limited. The statement under Section 129(3) of the
Companies Act, 2013 in respect of the subsidiaries in Form AOC-1 is attached as Annexure
III. The Consolidated Accounts of your Company duly audited by the Statutory Auditors are
presented as part of this Report. Apart from this subsidiary Company does not have any
other subsidiary, associate or a joint venture company.
12. DEPOSITS
During the year under review, your Company had not accepted any
deposits within the meaning of provisions of Chapter V - Acceptance of Deposits by
Companies of the Companies Act, 2013 read with the Companies (Acceptance of Deposits)
Rules, 2014.
13. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186
OF THE COMPANIES ACT, 2013
Details of Loans, Guarantees and Investments covered under the
provisions of Section 186 of the Companies Act, 2013 are given in Note 4 & 5 of Notes
to the Financial Statements.
14. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
During the year under review, your Company has undertaken Related Party
Transaction which are executed in the ordinary course of business and at arm's length
basis. As required under the Listing Regulations,
2015, Related party transactions are placed before the Audit Committee
for approval. At the beginning of the financial year, prior approval of the Audit
Committee is obtained on an omnibus basis for continual transactions. The corresponding
actual transactions then become a subject of review by the Committee at subsequent
meetings.
There has been no materially significant Related Party Transactions
during the year under review, having potential conflict with the interest of the Company.
Necessary disclosures required under the Accounting Standard (AS) have been made in the
Notes to the Financial Statements for the year ended 31st March, 2025.
Pursuant to clause (h) of sub-section (3) of section 134 of the Act and
Rule 8(2) of the Companies (Accounts) Rules, 2014), the statement containing details of
the related party transaction at the arm's length in the Form AOC-2, has been attached to
this report as Annexure II.
Pursuant to Regulation 23(9) of the Listing Regulations, the Company
has filed the half yearly reports on related party transactions with the stock exchanges
on which the shares of the Company are listed.
The policy on Related Party Transactions as approved by the Board is
available on the Company's website at www.kineticindia.com/policies under Investor
Relations Section.
15. CORPORATE SOCIAL RESPONSIBILITY (CSR)
The Company is not having a net worth of H500 Crores or more or its
turnover does not exceed H1,000 Crores or more or its net profit does not exceed H5 Crores
or more and hence, it is not required to frame a CSR policy or spend amount on CSR as per
the provisions of Section 135 of Companies Act, 2013.
16. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO
The information pertaining to conservation of energy, technology
absorption, foreign exchange earnings and outgo as required under section 134(3)(m) of the
Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is
furnished as Annexure I to this Report.
17. DEVELOPMENT AND IMPLEMENTATION OF A RISK MANAGEMENT POLICY
The Management has put in place adequate and effective system and man
power for the purpose of risk management. To identify the risk associated with the Company
well in advance and implement appropriate mechanism to mitigate the risk is an essence of
business. The management and every employee of the Company is committed to observe the
risk management techniques.
18. MATERIAL ORDERS OF JUDICIAL BODIES / REGULATORS
There are no significant and material orders passed by the Regulators
or Courts or Tribunals which would impact the going concern status of the Company.
19. AUDITORS Statutory Auditor
The Board has approved the appointment of M/s Pawan Jain &
Associates (FRN: 0107867W) Chartered Accountants, Pune to hold office for five years until
the conclusion of Annual General Meeting to be held in the calendar year 2027 in
accordance with the provisions of Section 139 of the Companies Act, 2013.
Auditors' Report
There are no qualifications, reservations or adverse remarks made by
M/s Pawan Jain & Associates, Statutory Auditors, in their report for the financial
year ended 31st March, 2025.
Pursuant to the provisions of Section 143(12) of the Companies Act,
2013, the statutory auditors have not reported any incident of fraud to the Audit
Committee during the year under review.
Secretarial Audit
Mr. Dinesh BirLa, proprietor of M/s. Dinesh Birla and Associates,
Practicing Company Secretaries was appointed by the Board to conduct the audit of the
Company's Secretarial Records in respect of the financial year 2024-25 (Refer Annexure -
VI).
Pursuant to the provisions of Section 143(12) of the Companies Act,
2013, the secretarial auditors have not reported any incident of fraud to the Audit
Committee during the year under review.
Secretarial Auditor
In line with the amended Regulation 24A of the Listing Regulations, the
Board has approved the appointment of Mr. Dinesh Birla, Proprietor of M/s. Dinesh Birla
& Associates, as the Secretarial Auditors of the Company for a term of 5 consecutive
years with effect from FY 2025-26 to FY 2029-30 subject to approval of the shareholders at
ensuing AGM.
Cost Records and Cost Audit
Maintenance of cost records and requirement of cost audit as prescribed
under the provisions of Section 148(1) of the Companies Act, 2013 are not applicable for
the business activities carried out by the Company.
20. COMPLIANCE WITH SECRETARIAL STANDARD
The Company generally complies with all the applicable Secretarial
Standards issued by the Council of the Institute of Company Secretaries of India.
21. CORPORATE INSOLVENCY RESOLUTION PROCESS
Neither any appLication was made, nor any proceeding is pending under
the InsoLvency and Bankruptcy Code, 2016, against the Company.
During the year the Company has not made any application under the
Insolvency and Bankruptcy Code, 2016 and no proceeding is pending under the Code.
22. EXTRACT OF ANNUAL RETURN
Pursuant to the provisions of Section 134(3) (a) and Section 92(3) of
the Act read with Rule 12 of the Companies (Management and Administration) Rules, 2014,
the draft of the Annual Return of the Company for the financial year 31st
March, 2025 is uploaded on the website of the Company and can be accessed at www.
kineticindia.com under Investor Relations Section.
23. ONE TIME SETTLEMENT AND VALUATION
During the year the Company has not made any onetime Settlement and
Valuation.
24. DISCLOSURES PERTAINING TO THE SEXUAL HARASSMENT OF WOMEN AT THE
WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013
The Company has in place, the requisite Internal Committee as envisaged
in the Sexual Harassment of Women at WorkpLace (Prevention, Prohibition and RedressaL)
Act, 2013. No compLaints on the issues covered by the above Act were received, during the
year. During the year Company conducted multiple training session and programs for
stakehoLders on the prevention of sexual harassment at work place.
POSH Policy of the Company is available on the Company's website at
www.kineticindia.com/poLicies under Investor ReLations Section.
25. THE NAMES OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS
SUBSIDIARIES, JOINT VENTURES OR ASSOCIATE COMPANIES DURING THE YEAR
During the year no companies come or ceased to be its subsidiaries,
joint ventures or associate companies.
26. REMUNERATION OF THE DIRECTORS / KEY MANAGERIAL PERSONNEL (KMP) /
EMPLOYEES:
The information required under Section 197 read with Rule 5 of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed as
Annexure V and forms part of this Report.
27. DETAILS OF ESTABLISHMENT OF VIGIL MECHANISM
Your Company has established a Vigil Mechanism/ Whistle Blower Policy
to enable stakeholders (including Directors and employees) to report unethical behaviour,
actual or suspected fraud or violation of the Company's Code of Conduct. The Policy
provides adequate safeguards against victimization of Director(s)/empioyee(s) and direct
access to the Chairman of the Audit Committee in exceptional cases. The Protected
Disclosures, if any reported under this Policy will be appropriately and expeditiously
investigated by the Chairman.
Your Company hereby affirms that no Director/Employee have been denied
access to the Chairman of the Audit Committee and that no complaints were received during
the year. The Policy can be accessed from the company's website at
www.kineticindia.com/policies under Investor Relations Section.
28. OTHER DISCLOSURES
Consolidated Financial Statements: The Consolidated financial
statements of the Company and its subsidiaries for FY 2024-25 are prepared in compliance
with the applicable provisions of the Companies Act, 2013 and as stipulated under
Regulation 33 of the Listing Regulations as well as in accordance with the Indian
Accounting Standards notified under the Companies (Indian Accounting Standards) Rules,
2015. The audited consolidated financial statements together with the Independent
Auditor's Report thereon forms part of this Annual Report.
Internal Audit: The Company has the Internal Audit department which
provides an appropriate level of assurance on the design and effectiveness of internal
controls, its compliance with operating systems and policies of the Company at all
locations. Based on the internal audit report, process owners undertake corrective actions
in their respective areas and thereby strengthen the controls. Significant audit
observations and corrective measures thereon are presented to the Audit Committee.
Credit Rating of Securities: CRISIL Ratings has assigned its 'CRISIL
BB+/Stable' rating to the bank facilities of Kinetic Engineering Limited (KEL).
| Total Bank Loan Facilities Rated |
H25 Crore |
| Long Term Rating |
CRISIL BB+/Stable (Reaffirmed) |
Industrial Relations: During the year under review, the industrial
relations remained cordial.
Accounting treatment in preparation of financial statements: The
financial statements of the Company have been prepared in accordance with Indian
Accounting Standard ("Ind AS”) notified under the Companies (Indian Accounting
Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016
read with Section 133 of the Companies Act, 2013.
Listing Fees: Your Company has paid requisite annual listing fees to
BSE Limited (BSE) where its securities are listed.
Return on Equity: Return on Equity of the Company for last three years
-
| Year |
% of ROE (Standalone Basis) |
| 2024-25 |
8.23 |
| 2023-24 |
12.12 |
| 2022-23 |
15.10 |
Details of revision of financial statement or the Report:
There was no revision in the Financial Statements.
Director Knowledge Session: During the year under the review Company
conducted session on topic likes future economic outlook in automobile industry, legal
& regulatory updates, skill & knowledge improvements etc. Majority directors
attained these sessions.
29. ADDITIONAL DISCLOSURES UNDER LISTING REGULATIONS
Statement of deviation or variation: There was no deviation or
variation in connection with certain terms of preferential issue, OCCPS, etc.
Management Discussion and Analysis Report: Management Discussion and
Analysis as required under Schedule V of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing
Regulations”) is provided separately in the Annual Report.
Corporate Governance Report: Your Directors are pleased to report that
your Company strives to ensure that best corporate governance practices are identified,
adopted and consistently followed. Your Company believes that good governance is the basis
for sustainable growth of the business and for enhancement of stakeholder's value.
Pursuant to Regulation 34 of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, a separate
Section titled Report on Corporate Governance has been included in this Integrated Annual
Report and the certificate of M/s. Pawan Jain & Associates., Chartered Accountants,
Pune the Statutory Auditors of the Company certifying compliance with the conditions of
Corporate Governance as stipulated under relevant Regulations of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 is obtained and annexed with the report on
Corporate Governance.
Suspension of Trading: The Company's securities were not suspended for
trading during the year.
30. ACKNOWLEDGEMENT
The Directors' express their sincere thanks to Central & State
Governments, Financial Institutions, banks who
have extended their support in form of Credit Facilities, suppliers and
stakeholders for the support extended to the Company and also wish to place on record
their appreciation of the dedicated services rendered by the employees of the Company.
|
On behalf of the Board of Directors |
|
For Kinetic Engineering Limited |
|
S/d |
|
Arun Hastimal Firodia |
| Date: 4th August, 2025 |
Chairman |
| Place: Pune |
(DIN: 00057324) |
|