Kirloskar Electric gets in-principle nod for 3.46M shares preferential issue

Kirloskar Electric Company Ltd has received in-principle approval from both BSE and NSE for the preferential issue of 3,468,007 equity shares. These shares, with a face value of ₹10 each, will be issued to Kirloskar Power Equipments Limited, a promoter group company, at a floor price of ₹115.34 per equity share. The approvals were granted on September 21, 2026. The stock exchanges have also outlined various compliance requirements, including adherence to SEBI regulations, obtaining undertakings from allottees regarding intra-day trading, and timely submission of listing applications post-allotment.