Kinetic Engineering Ltd. Invests in Subsidiary Kinetic Watts and Volts Limited
Kinetic Engineering Limited announced an investment of INR 10,00,00,000 (Rupees Ten Crore) in its subsidiary, Kinetic Watts and Volts Limited, on April 1, 2026. The investment involves the subscription of 1,00,00,000 equity shares at a price of INR 10 per share.Kinetic Watts and Volts Limited was incorporated on September 27, 2022, and operates in the automobile sector. Following the share allotment, Kinetic Engineering Limited holds an 82.89% stake in Kinetic Watts and Volts Limited.
The transaction, which is considered a related-party transaction due to Kinetic Watts and Volts Limited being a subsidiary, was conducted at arm’s length.
Kinetic Watts and Volts Limited has an authorized capital of INR 125,00,00,000 (Rupees One Hundred Twenty-Five Crore) and a paid-up capital of INR 84,83,60,000 (Rupees Eighty-Four Crore Eighty-Three Lakh Sixty Thousand).
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