Announced Tue, 4 Aug · 16:24 IST
Corrigendum to 79th AGM Notice - Preferential Issue Proceeds Revised
KECL · price
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Price reaction · full curve 14 horizons · vs prior close
+8.6%1-day move
₹136.25
prior close
₹136.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.8+3.1+3.5+4.2+8.6+4.5+9.8+8.9+6.6+5.7-4.9-9.3——
Up moveDown movePending
AI summary
Kirloskar Electric issued a corrigendum to its 79th AGM notice (meeting on August 13, 2026 via video conferencing). It revises the use of proceeds from a preferential issue of about Rs 40 crore: Rs 25 crore for repaying or prepaying borrowings, Rs 14.99 crore for working capital, and nil for general corporate purposes. The change came after feedback from BSE and NSE. AGM date, time, and other agenda items stay unchanged.
Likely market impact
Sharpens the preferential issue focus on debt repayment and working capital, removing general corporate use and improving SEBI compliance clarity.