Kinetic Engineering Limited announced a private placement of 879,310 common shares at an issue price of INR 116 per share for a gross proceeds of INR 101,999,960 on August 30, 2022. The transaction will include participation from returning investor Micro Age Instruments Pvt Ltd. The transaction has been approved by the board of directors of the company and is subject to obtain shareholders' approval in the ensuing Annual General Meeting to be held on 29th September 2022. The company is issuing shares on preferential basis.