Kirloskar Electric Company Ltd has consolidated the objects of its proposed preferential equity issue into a single category focused on working capital utilisation.

The board approved this modification on September 2, 2026, following observations from stock exchanges regarding the company’s application for In-Principle Approval (IPA).

Revised Utilisation Plan

The company clarified that the total amount to be raised remains unchanged at ₹39,99,99,927.38. The proceeds will now be exclusively directed towards:

• Working capital utilisation
• Repayment or prepayment of existing working capital borrowings
• Funding the company’s general working capital requirements

No Change in Terms

Kirloskar Electric confirmed that this consolidation does not alter other material terms of the preferential issue previously approved by shareholders on August 13, 2026. The issue price, number of securities, and aggregate amount remain as originally sanctioned.

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Kirloskar Electric Co Ltd has accepted the resignations of two senior management personnel, marking a shift in its operational and sales leadership structure. The company notified the Bombay Stock Exchange on August 20, 2026, confirming the departure of Arunesh M, Senior Vice President – Operations (Mysore Unit), and Yathiraj B.L., Vice President – Oil Filled Transformers Division.

Both executives cited personal reasons for their exit. Arunesh M submitted his resignation on July 31, 2026, requesting immediate relief from duties at the closure of his shift that day. Yathiraj B.L. tendered his resignation earlier, on May 14, 2026, with an effective date of May 31, 2026. He requested a waiver of the notice period to travel to the United States to visit his son, noting that his return timeline remained uncertain.

Regulatory Compliance

The intimation was issued in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced a SEBI circular dated January 30, 2026, regarding additional details sought by the regulator. Mahabaleshwar Bhat, Company Secretary & Compliance Officer, signed the disclosure on behalf of the company.

Executive Departures

The resignations impact key functional areas within the organization:

• Arunesh M: Held the position of Senior Vice President – Operations (Mysore Unit). His last working day was July 31, 2026.
• Yathiraj B.L.: Served as Vice President – Oil Filled Transformers Division (previously listed as Sales & Marketing in his resignation letter). His last working day was May 31, 2026.

The company did not disclose any financial implications or replacement plans in the filing.