Kinetic Engineering Converts 44.51 Lakh Warrants Into Equity Shares

Board approved transfer of 23L warrants to Micro Age Instruments and conversion of 44.51L warrants into equity at Rs171 for Rs76.11Cr, receiving Rs57.08Cr balance; 6.36L warrants to lapse. Largest tranche in ongoing promoter infusion program; clears outstanding warrant overhang as tenure ends; cash aids EV scale-up and working capital; inter-se promoter transfer only reshuffles holdings. Equity base expands causing dilution; use of Rs57.08Cr proceeds and listing formalities undisclosed; benefit hinges on deployment to curb cash burn.