Kinetic Engineering Limited, a leading manufacturer based in Maharashtra, has submitted its Annual Secretarial Compliance Report for the financial year ended 31st March 2025 to the Bombay Stock Exchange (BSE), as mandated under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This report was prepared by the practicing company secretary firm, Dinesh Birla & Associates, following a thorough review of the company’s regulatory filings, corporate governance practices, and compliance status during the review period.

The secretarial audit covered compliance with key SEBI regulations including the Listing Obligations and Disclosure Requirements (LODR), Issue of Capital and Disclosure Requirements, Substantial Acquisition of Shares and Takeovers, and Prohibition of Insider Trading Regulations, among others. It excluded regulations not applicable during the review period such as Buyback of Securities and Share Based Employee Benefits.

Key Findings and Compliance Status

During the review period, Kinetic Engineering Limited complied with the majority of regulatory requirements, with a few deviations that were promptly addressed:

• Delay in Filing under Regulation 30 (LODR): A delay of 65 days was observed in filing disclosure for the cessation of an Independent Director, which was rectified with filings made in April 2024.

• Non-filing for Subsidiary Investment: Disclosure related to further investment in subsidiary company Kinetic Watts & Volts Limited was delayed but later rectified.

• Late Payment of Listing Fees: Payment to BSE was delayed by 116 days but was settled without further default.

• Audit Report Format: The audit report for FY 2023 initially did not conform to SEBI’s prescribed format but was corrected and resubmitted in June 2023.

The company demonstrated commitment to corrective actions, which satisfied the reviewing company secretary and ensured no penalties were levied during the period under review.

Governance Practices

Kinetic Engineering Limited maintains strong corporate governance frameworks, including:

• Timely adoption and review of all applicable policies under SEBI regulations.

• Maintenance of a functional and compliant website with transparent disclosure of corporate governance reports.

• No director disqualifications under the Companies Act, 2013.

• Effective evaluation of board and committee performance annually.

• Robust procedures for approval and disclosure of related party transactions.

• Full compliance with insider trading regulations.

Additional Observations

• No actions were taken against the company, its promoters, or directors by SEBI or stock exchanges during the year.

• The company has preserved necessary documents as per SEBI archival norms.

• No statutory auditor resignations occurred during the period.

• No additional non-compliances or adverse observations were reported.

Conclusion

The Annual Secretarial Compliance Report for FY 2024-25 reflects Kinetic Engineering Limited’s overall strong compliance with regulatory mandates and governance norms as per SEBI’s LODR regulations. The report highlights the company’s proactive approach to rectifying minor delays and ensuring transparency in its disclosures. This diligent compliance not only aligns with statutory requirements but also reinforces investor confidence and corporate accountability.

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