Kirloskar Electric consolidates preferential issue objects for working capital
KECL · price
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Kirloskar Electric's Board has consolidated the objects of its proposed preferential equity issue into a single purpose: working capital utilisation, including repayment of existing working capital borrowings. The total issue size remains about Rs 40 crore (Rs 39,99,99,927.38). No change in issue price, number of securities, or aggregate amount. Shareholders had approved the issue on August 13, 2026. The consolidation was done per NSE observations on the In-Principle Approval application.
Entire issue proceeds of about Rs 40 crore will go toward working capital and repaying existing borrowings. No change in dilution or issue terms.