
AGM/EGM4 Aug 2026, 04:25 pm
Kirloskar Electric AGM Notice Corrigendum Issued
AI Summary
Kirloskar Electric Company Ltd has issued a corrigendum to the Notice of its 79th Annual General Meeting (AGM). This clarification pertains to the utilization of funds from a preferential issue, specifically modifying the allocation for working capital and general corporate purposes. The total issue size remains ₹39,99,99,927.38. The corrigendum clarifies that ₹14,99,99,927.38 will be exclusively for working capital, with 'Nil' allocated for general corporate purposes. This change ensures compliance with SEBI regulations. The AGM is scheduled for August 13, 2026, via Video Conferencing.
Key Highlights
- Corrigendum issued for 79th AGM Notice regarding preferential issue fund utilization.
- ₹14.99 Cr allocated solely for working capital, not general corporate purposes.
- Total preferential issue funds amount to ₹39.99 Cr.
- Clarification ensures compliance with SEBI (ICDR) Regulations, 2018.
Price Impact
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