KINETICMOT

Kinetic Motor Company Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on December 09, 2011, the following business, inter alia, was transacted: (1) The Board approved the merger of Kinetic Motor Company Limited (KMCL) with Kinetic Engineering Limited (KEL). Inter-alia, an exchange ratio of 7.75 : 1 was approved for the equity shares of KMCL and KEL.

Kinetic Motor Company Limited has informed the Exchange that at the meeting of the Board of Directors, held on July 29, 2011, inter-alia, the following business was transacted : The Board of Directors approved (subject to shareholders approval) the offer and issue of Optionally Convertible Cumulative Preference Shares of the value of Rs.13 crore, at prices worked out as per SEBI (ICDR) Regulations, to Ajinkya Holdings Private Limited, a Promoters group entity.

Kinetic Motor Company Limited has informed the Exchange that at the meeting of the Board of Directors, held on June 25, 2011, inter-alia the following business was transacted: (1). The Board of Directors approved ( subject to shareholders approval) the offer and issue of Optionally Convertible Cumulative Preference Shares of the value not exceeding Rs.12.5 crore, at prices worked out as per SEBI (ICDR) Regulations, to a Promoters group entity.

Kinetic Motor Company Limited has informed the Exchange that at the meeting of the Board of Directors of the Company, held on August 08, 2009, the following proposal was approved: (1) The Company do issue and allot 56,00,000 Optionally Convertible Cumulative Preference Shares to Micro Age instruments Pvt. Ltd. (a Promoter Group Entity), at a price of Rs.14.20, on preferential basis, subject to the SEBI (DIP) Guidelines.

Kinetic Motor Company Limited has informed the Exchange vide its letter dated August 30, 2008, that: "In the meeting of the Board of Directors of the Company held today following decisions have been taken: 1) Approval of investment up to Rs. 29.5 Cr. in Equity Shares of Mahindra Two Wheelers Private Limited, subject to obtaining members approval and other required and applicable approvals. 2) To extend period of Brand License Agreement with Kinetic Engineering Limited (KEL) for the use of "KINETIC" brand for a further period of 25 years w.e.f. 01.04.2009 and sub-licensing the brand for two whe

Kinetic Motor Company Limited has informed the Exchange on February 26, 2007 that: "The Board of Directors of Kinetic Motor Company Limited (KMCL) in today's meeting have passed resolutions to increase the Authorised Capital of KMCL from existing Rs.62 crores to Rs.85 crores and to issue on preferential basis 24,00,000 8.5% New Optionally Convertible Cumulative Preference Shares of face value of Rs 65 each (8.5% New OCCPS) to Micro Age Instruments Private Limited (MAIPL) and 6,77,000 8.5% NEW OCCPS to Jaya Hind Sciaky Limited (JHS), against conversion of inter-corporate Deposits (ICDs) given b

Kinetic Motor Company Limited (KMCL) has informed the Exchange that at the meeting of Board of Directors of the company held on June 21,2006, the Board have proposed to issue following securities to Citicorp Finance (India) Limited (CFIL) on Preferential basis, subject to necessary approvals : (a) Up to 80,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) of the Company of Rs. 100/- each, of the aggregate face value of Rs.80,00,00,000 at a discounted price of Rs. 71,50,00,000. (b) Up to 21,50,000 Secured Redeemable Fully Convertible Debentures (FCDs) of face value of Rs. 65 each of t

The objects of the issue is to meet KMCL's capital expenditure requirement, enabling KMCL to expand its two-wheeler business and meeting the long term working capital requirements of KMCL. An Extraordinary General Meeting (EGM) of the shareholders of KMCL is scheduled to be held on July 19, 2006 to consider issue of the above mentioned securities on preferential basis.

Kinetic Motor Company Limited has informed the Exchange that the BOD's in its meeting held on March 05, 2005, has decided to increase Authorised Share Capital of the Company. The Board noted that there are good opportunities in Two-Wheeler market and considering the need for launching of new Models, business restructuring, better fund management and to become globally competitive, higher levels of investment are required to be made. The Company has been exploring and evaluating possibilities of strategic tie-ups, joint ventures and has been considering various options for short term/long term