Kirloskar Electric Secures ₹100 Cr Working Capital Facility from Kotak Mahindra Bank

Kirloskar Electric Company Limited has executed a Master Facility Agreement (MFA) with Kotak Mahindra Bank Limited for working capital credit facilities amounting to ₹100,00,00,000 (Rupees One Hundred Crore Only). The agreement, executed on November 12, 2026, was approved by the Board of Directors on October 26, 2026. The facilities include Drop Line Over Draft and Fixed Deposit Over Draft. The purpose is to meet the company's working capital requirements. Security for the facilities includes current assets, specific immoveable property, a personal guarantee from Mr. Vijay R. Kirloskar for the Dropline Overdraft, and a lien on Fixed Deposits for the OD facility, along with a corporate guarantee from a promoter group company.