Kirloskar Electric Board Approves ₹40 Crore Preferential Issue to Promoter Group

Board approved re-appointment of Mr. Vijay R Kirloskar as Executive Chairman for three years, effective August 12, 2026. Board also approved preferential issue of up to 34.68 lakh equity shares to Kirloskar Power Equipments Ltd (promoter group) at Rs 115.34 per share, aggregating up to Rs 40 Cr.