Monitoring Agency Report for quarter ended June 30, 2026.

KEL:SH:SE Date: August 06, 2026 The Manager-Corporate Relations Department BSE Limited 1st Floor, P J Towers Fort, Mumbai- 400 001. BSE Scrip Code: 500240 Subject: Monitoring Agency Report for the quarter ended June 30, 2026. Dear Sir/Madam, Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 enclosed herewith the Monitoring Agency Report with respect to the utilization of issue proceeds for the quarter ended June 30, 2026 issued by CARE Ratings Limited. This is for your information and records. Thanking you. Yours faithfully, For Kinetic Engineering Limited Chaitanya Mundra Company Secretary and Compliance Officer Registered Address: Factory Address: Contact: +91 2066142049 D1 Block, Plot No.18/2, Kinetic Manufacturing Plant Email ID: kelinvestors@kineticindia.com Chinchwad, Pune Nagar-Daund Road, Ahmednagar Website: www.kineticindia.com Maharashtra India 411019 Maharashtra India 414001 CIN: L35912MH1970PLC014819 Monitoring Agency Report No. CARE/HO/GEN/2026-27/1117 The Board of Directors Kinetic Engineering Limited D-1 Block, Plot No. 18/2, MIDC, Chinchwad, Pune – 411019, Maharashtra, India August 06, 2026 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue of Kinetic Engineering Limited (“the Company”) We write in our capacity of Monitoring Agency for the Preferential Issue for the amount aggregating to Rs.166.84 crore of the company and refer to our duties cast under Regulation 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated 02/25/2025. Request you to kindly take the same on records. Thanking you, Yours faithfully Ashish A Kambli Associate Director Ashish.K@careedge.in Monitoring Agency Report Report of the Monitoring Agency Name of the issuer: Kinetic Engineering Limited For quarter ended: June 30, 2026. Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: NIL (b) Range of Deviation: NIL Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name of the Authorized Signatory: Ashish A Kambli Designation of Authorized person/Signing Authority: Associate Director Monitoring Agency Report 1) Issuer Details: Name of issuer : Kinetic Engineering Limited Name of the promoter : Jayashree Arun Firodia, Ajinkya Arun Firodia, Arun Hastimal Firodia, Sulajja Firodia Motwani, Jayashree Firodia Trust, Micro Age Instruments Pvt Ltd Industry/sector to which it belongs : Auto Ancillaries 2) Issue Details Issue Period : 18 months from date of allotment Type of issue (public/rights) : Share warrants issued to Promoter & Non-Promoter Category Type of specified securities : Warrants convertible into equity shares IPO Grading, if any : Not Applicable Issue size (in crore) : Rs. 177.10 crore (Note 1) Note 1: The company offered 1,03,56,725 fully convertible warrants, each convertible into one equity share of face value Rs.10, to the Promoter and Non-Promoter groups on a preferential basis, in one or more tranches, at an issue price of Rs.171 per warrant, aggregating to Rs,177.10 crore. However, subscription was received for only 97,56,725 warrants, resulting in an undersubscription of the issue. Accordingly, the total issue was reduced to Rs.166.84 crore. 3) Details of the arrangement made to ensure the monitoring of the issue proceeds: Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Board of Monitoring Agency preparation of report Directors Chartered Accountant certificate*, Whether all utilization is as per the disclosures Utilization of gross proceeds is in line with the objects of Yes Bank statements, Confirmation from in the Offer Document? the preferential issue (PI). Counterparty and FD receipts Whether shareholder approval has been obtained in case of material deviations# from Not applicable Not applicable applicable expenditures disclosed in the Offer Document? No comments The issue size has reduced from ₹177.10 crore to ₹166.84 received crore due to undersubscription for which the board approval was taken on May 13, 2025. Subsequently, the Whether the means of finance for the Bank Statements, BR dated May 13, Yes company has again reallocated the cost of objects vide disclosed objects of the issue have changed? 2025. board resolution (BR) dated March 11, 2026 wherein solar capex and payment of overdue liability amount were reduced and amount towards working capital Monitoring Agency Report Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Board of Monitoring Agency preparation of report Directors requirements was increased. Is there any major deviation observed over the No Previous monitoring agency report Not applicable earlier monitoring agency reports? Whether all Government/statutory approvals Not Not applicable - related to the object(s) have been obtained? applicable Whether all arrangements pertaining to technical assistance/collaboration are in Not applicable Not applicable No comments applicable operation? received Are there any favorable/unfavorable events Undersubscription in the issue may affect the viability of Yes Not applicable affecting the viability of these object(s)? the objects. Is there any other relevant information that may materially affect the decision making of Not applicable Not applicable applicable the investors? *Chartered Accountant certificate from Pawan Jain & Associates dated July 22, 2026. #Where material deviation may be defined to mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized b [Showing first 8,000 characters — download PDF for full document]