Kirloskar Electric Executes ₹100 Crore Kotak Bank Facility

Kirloskar Electric Company Ltd.,

Key Event Details

Kirloskar Electric Company Limited executed a Master Facility Agreement (MFA) with Kotak Mahindra Bank Limited on 12 November 2026 for availing working capital credit facilities. The aggregate sanctioned amount is ₹100,00,00,000 (Rupees One Hundred Crore Only). This execution follows the approval granted by the company's Board of Directors at its meeting held on 26 October 2026.

Facility Structure and Purpose

The purpose of the agreement is to meet the working capital requirements of the company. The nature of the facilities comprises:

• Drop Line Overdraft
• Fixed Deposit Overdraft

Security Arrangements

Significant security has been provided for the facilities:

For Facility 1.1 (Dropline Overdraft):

• Charge on Current Assets (Stock, Book Debts and other Current Assets)
• Charge on Immovable Property situated at Survey No. 16, Thyamagoundlu Hobli, Govenahalli, Bangalore, Karnataka 562132
• Personal Guarantee of Mr. Vijay R. Kirloskar

For Facility 1.2 (Overdraft - 100% FD Backed):

• Lien marking on Fixed Deposits equivalent to 100% of OD limit facility
• Corporate Guarantee by one of the promoter group companies