Ownership Neutral

2026-10-05 10:06

- Acquisition by Kirloskar Power Equipments Limited (Promoter Group) in Kirloskar Electric Company Limited. - Acquired 34,68,007 equity shares (4.87%) via preferential allotment on September 29, 2026. - Total shareholding increased from 11,46,315 shares (1.73%) to 46,14,322 shares (6.60%).

Routine Negative

2026-09-30 17:54

CRITICAL RED FLAG DETECTED

- Received show cause notice in Form DRC-01 from Deputy Commissioner of Commercial Taxes (Audit)-6.4 on September 29, 2026. - Demand of ₹12,56,693/- (Tax: ₹7,61,000/-, Interest: ₹4,95,693/-) for the audit period April 2022 to March 2023. - Allegations include reduction of outward liability, excess claim, and ITC reversal. - No material impact on financial or operational activities; company is exploring options to contest the demand.

Routine Neutral

2026-09-28 10:01

- Trading window closed from October 01, 2026. - Closure applies to Directors, Promoters, Designated Employees, and Connected Persons. - Window opens 48 hours after declaration of Q2/H1 FY27 financial results. - Board meeting date to be intimated separately.

Governance Positive

2026-09-23 19:16

- Board approved preferential allotment of 34.68 lakh equity shares (₹39.99 Cr) to Kirloskar Power Equipments Limited (Promoter Group). - Approved closure of the Master Restructuring Agreement (MRA) from June 2015 with Bank of India, indicating successful exit with no negative impact.

Ownership Positive

2026-09-21 17:41

- Kirloskar Electric Company Ltd. received in-principle approval from BSE and NSE for a preferential issue of 34,68,007 equity shares. - The shares will be issued to Kirloskar Power Equipments Limited, a promoter group company, at a floor price of ₹115.34 per equity share.

Governance Negative

2026-09-08 12:13

CRITICAL RED FLAG DETECTED

- Mrs. Sukanya Reddy, Vice President – Human Resources and Senior Management Personnel of Kirloskar Electric Company Ltd., has resigned due to personal reasons. The company intimated the resignation on September 08, 2026.

Governance Negative

2026-09-08 11:27

CRITICAL RED FLAG DETECTED

- Mrs. Sukanya Reddy, Vice President - Human Resources and Senior Management Personnel, has been relieved from the services of Kirloskar Electric Company Limited. - Her resignation is effective from the closure of business hours on September 07, 2026.

Business Update Positive

2026-09-02 12:35

- Board approved the consolidation of objects for a proposed preferential issue of equity shares. - The proceeds of ₹39,99,99,927.38 will be used for working capital and repayment/prepayment of existing borrowings. - This modification was undertaken pursuant to observations from the Stock Exchanges.

Governance Negative

2026-08-20 17:53

CRITICAL RED FLAG DETECTED

- Kirloskar Electric Company Ltd. announced the resignation of two Senior Management Personnel: Mr. Arunesh M (Sr. VP – Operations) effective July 31, 2026, and Mr. Yathiraj B.L. (VP – Oil Filled Transformers Division / Sales & Marketing) effective May 31, 2026.

Governance Positive

2026-08-14 17:43

- The 79th Annual General Meeting (AGM) of Kirloskar Electric Company Ltd. was held on August 13, 2026. - All 8 proposed resolutions, including adoption of financial statements, re-appointment of directors/chairman, appointment of a new Director and Joint Managing Director, appointment of branch auditors, ratification of cost auditor remuneration, and raising funds via preferential issue to a promoter group entity, were passed with an overwhelming majority of over 99% votes in favor.

Governance Positive

2026-08-14 16:10

- Kirloskar Electric's 79th AGM (August 13, 2026) approved key appointments/re-appointments for Ms. R. Kirloskar, Mr. V. Kirloskar, and Ms. J. Kirloskar. - Shareholders also approved raising funds through a preferential issue of equity shares to Kirloskar Power Equipments Limited (promoter group).

Financials Negative

2026-08-13 13:35

CRITICAL RED FLAG DETECTED

- Q1 FY27 Consolidated Revenue ₹103.85 Cr vs ₹132.24 Cr (▼21.5% YoY) - EBITDA ₹(0.37) Cr vs ₹6.89 Cr (▼105.4% YoY) - PAT ₹(5.99) Cr vs ₹0.42 Cr (Shift from profit to loss YoY) - EBITDA Margin -0.36% vs 5.21% (▼557 bps) - The Company's net worth is eroded due to accumulated losses, and there are overdue payments to creditors, raising going concern doubts by the auditors. - Order booking for the quarter increased 28% YoY to ₹184 Cr. - Board approved preferential issue of equity shares worth ₹40 Cr to the promoter group.

Financials Negative

2026-08-13 13:30

CRITICAL RED FLAG DETECTED

- Q1 FY27 Consolidated Revenue ₹103.85Cr vs ₹132.24Cr (▼21.5% YoY) - EBITDA ₹(0.37)Cr vs ₹6.89Cr (From Profit to Loss YoY) - PAT ₹(5.99)Cr vs ₹0.42Cr (From Profit to Loss YoY) - EBITDA Margin -0.36% vs 5.21% (▼557bps) - The company's net worth is eroded, and there are overdue payments to creditors. - Auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern.

Governance Neutral

2026-08-07 16:01

- Board meeting scheduled for August 13, 2026, to consider and approve unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. - The trading window will remain closed until August 15, 2026.

Governance Neutral

2026-08-04 16:26

- Corrigendum to the Notice of the 79th Annual General Meeting (AGM) clarifying the utilisation of preferential issue proceeds. - Funds totalling ₹399.99 Crores will be used for repayment of borrowings (₹250 Cr) and funding working capital requirements (₹149.99 Cr). - No portion of the issue proceeds will be utilised for general corporate purposes, ensuring compliance with SEBI ICDR Regulations.

Governance Negative

2026-07-31 18:39

- Mr. Arunesh M, Vice President – Operations, and Mr. Yathiraj B.L., Vice President – Oil Filled Transformers Division, have been relieved from the Company's services due to their resignation, effective July 31, 2026.

Governance Positive

2026-07-31 18:27

- Kirloskar Electric Company Ltd. has appointed Mr. Narasimhan K. B. as Vice President (Country Head) – Sales & Marketing, effective July 31, 2026. He brings over 22 years of experience in the Heavy Electrical Equipment sector.

Governance Neutral

2026-07-30 16:15

- 79th Annual General Meeting (AGM) of Kirloskar Electric Company Limited to be held on Thursday, August 13, 2026, at 11:00 A.M. IST via Video Conferencing (VC)/OAVM. - Annual Report for FY 2025-26 has been dispatched, and web-links are provided for access. - E-voting will be open from Monday, August 10, 2026, at 09:00 AM IST to Wednesday, August 12, 2026, at 05:00 PM IST.

533193

Kirloskar Electric Company Ltd

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