Press Release: ₹57 Crore Promoter Investment via Final Warrant Conversion Tranche

Press release: further investment of about ₹57 crore, coming via the last tranche of conversion of 44,51,000 warrants issued to promoters in March 2025.

Thu 24 Sep 2026

Investment Amount

₹57 crore

Capex for Driveline Export Business

₹17 crore

Investment in Kinetic Watts & Volts

₹40 crore

Promoter Shareholding Increase

50% to 69.27% over four years

Driveline Export Business Order Value

₹500 crores over 7 years

What was announced

Kinetic Engineering Limited issued a press release on a further investment of approximately ₹57 crore towards expansion and growth. The money comes in through the last tranche of conversion of 44,51,000 warrants issued to promoters in March 2025.

Where the money goes

• Around ₹17 crore towards capex, linked to new driveline business received for export to Europe and Mexico, worth a total of approximately ₹500 crores over 7 years.
• ₹40 crore into subsidiary Kinetic Watts & Volts (KWV), which recently relaunched the Kinetic DX scooter in an electric version and, per the company, has been receiving a strong response.

EV business details

• LOIs signed with 150+ dealers, of which 60+ are already operational with 3S (Sales, Service and Spares) facilities.
• Kinetic DX and DX+ offer up to 132 km of IDC range on a 3.1 kWh LFP battery, with 37-litre under-seat storage.
• Kinetic DX received the "Viewers' Choice EV Scooter of the Year" recognition from the Times of India Group; KWV won two titles at India's Best Design Awards 2026.

Market ambition

The company is targeting a top-10 position among India's EV brands. It cites a Kearney report projecting electric two-wheeler penetration of about 26% by FY 2030, taking the market from 1.8mn to 7mn units.

Promoter stake

Promoter shareholding has risen from 50% to 69.27% over the last four years, which the company describes as reflecting promoter confidence. Note that warrant conversion by promoters also adds new equity shares, so other shareholders' proportionate holding changes as fresh shares are issued.

Management comment

Managing Director Ajinkya Firodia said the auto-components business is seeing a healthy pipeline of new orders that will support work towards a target of improving EBITDA margins to around 12%, and that response to the Kinetic DX has been encouraging.

Context

KEL supplies OEMs including Tata Motors, Mahindra & Mahindra, Ashok Leyland, Renault, American Axle, Magna Powertrain and Sonalika Tractors, and operates a component facility in Ahilyanagar. Figures such as the ₹500 crore order value, EV penetration and margin target are forward-looking expectations, not completed results.

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