The Hindu Business Line :Saturday, July 5, 2008

Kinetic Engineering Ltd has informed BSE that the Allotment Committee of the Board of Directors of the Company at its meeting held on June 26, 2008, inter alia, have passed the following resolution:"To issue 5,40,000 Nos. of Equity shares of Rs 10/- each fully paid-up at Rs 156/- per Equity share (including premium of Rs 146/- per share), in the share capital of the Company to Micro Age Instruments Pvt Ltd (MAIPL) upon conversion of 5,40,000 Optionally Convertible Cumulative Preference shares (OCCPS) of Rs 156/- each issued to them on December 30, 2006 on preferential basis, in accordance with the Guidelines prescribed by SEBI in the Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000.

BSE data sourced at 5 minutes delay, Service : BSE - www.bseindia.com

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