Outcome of Board Meeting

KIRLOSKAR ELECTRIC COMPANY LTD., Sect./34/2026-27 September 23, 2026 The Manager, The Manager, Corporate Relationship Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, 2nd Floor, New Trading Ring, C-1, Block ‘G’, 5th Floor, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 001. Mumbai – 400051. Scrip: 533193; ISIN: INE134B01017 Symbol: KECL; ISIN: INE134B01017; Dear Sir, Sub: Outcome of the Board meeting; Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 read with Schedule III & SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026; Time of commencement of meeting : 05:10 PM Time of conclusion of meeting : 05:23 PM Date and time of occurrence of information : September 23, 2026 at 05:23 PM. Pursuant to regulations under reference, this is to inform that the Board of directors at its meeting held today, i.e., September 23, 2026 has decided the following: 1. Allotment of 34,68,007 Equity Shares of the face value of ₹10/- per Equity Share, at an issue price of ₹115.34/- per Equity Share, including a premium of ₹105.34/- per Equity Share aggregating to Rs. 39,99,99,927.38/- (Rupees Thirty-Nine Crore Ninety-Nine Lakh Ninety-Nine Thousand Nine Hundred Twenty-Seven and Thirty- Eight Paise only), on a preferential basis to Kirloskar Power Equipments Limited (“KPEL”), a Promoter Group entity of the Company (“Proposed Allottee”). The aforesaid equity shares allotted on a preferential basis shall rank pari-passu with the existing equity shares of the Company in all respects. The details required pursuant to aforesaid circular under reference with respect to the aforesaid Preferential Issue are enclosed herewith as Annexure - I. 2. Approval for closure of the Master Restructuring Agreement (MRA) dated 30th June 2015 and any other supplementary agreement with Bank of India (Lead Lender) and its Consortium Bank. The details required pursuant to aforesaid circular under reference are enclosed herewith as Annexure - II. This is for your information and dissemination. Yours faithfully for Kirloskar Electric Company Limited Mahabaleshwar Bhat Company Secretary and Compliance Officer Encl: a/a Regd. Office: No. 19, 2nd Main Road, Peenya 1st Stage, Phase -1, Peenya, Bengaluru, Karnataka, 560058 T+91 80 2839 7256, F +91 80 2839 6727; Email Id: investors@kirloskarelectric.com Customer care No. : 1800 102 8268, website: www.kirloskarelectric.com CIN: L31100KA1946PLC000415 KIRLOSKAR ELECTRIC COMPANY LTD., Annexure – I Disclosure as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is as follows: PARTICULARS DETAILS Type of securities proposed to be issued Equity Shares having the face value of ₹10/- each. Type of issuance Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations and other applicable laws. Total number of securities to be issued or Allotment of 34,68,007 Equity Shares having the face value of the total amount for which the securities ₹10/- each on a Preferential issue basis at an issue price of will be issued ₹115.34/- per Equity Share including a premium of ₹105.34/- per Equity Share aggregating to Rs. 39,99,99,927.38/-. Number of Allottees: 1 (ONE) Sl. Name of Allottees Total number of Equity Shares Issued 1. Kirloskar Power Equipments Limited 34,68,007 Total 34,68,007 Post-allotment of securities: Outcome of subscription Sl. Name of Category Pre- Pre No. of Post- Post No. Allottee preferential Preferential Securities preferential Preferential allotment allotment Allotted allotment allotment holding No. % holding No. % 1. Kirloskar Power Promoter 11,46,315 1.73% 34,68,007 46,14,322 6.60% Equipments Group Limited (KPEL) Issue Price ₹115.34/- per Equity Share including a premium of ₹105.34/- per Equity Share. In case of convertibles, intimation on conversion of Not Applicable securities or on lapse of the tenure of the instrument Regd. Office: No. 19, 2nd Main Road, Peenya 1st Stage, Phase -1, Peenya, Bengaluru, Karnataka, 560058 T+91 80 2839 7256, F +91 80 2839 6727; Email Id: investors@kirloskarelectric.com Customer care No. : 1800 102 8268, website: www.kirloskarelectric.com CIN: L31100KA1946PLC000415 KIRLOSKAR ELECTRIC COMPANY LTD., Annexure – II Disclosure as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is as follows: In case of termination or amendment of agreement Approval for closure of Master Restructuring Agreement (MRA) dated June 30, 2015 and any other supplementary agreement with Bank of India (Lead Lender) and its consortium Bank. Name of parties to the agreement Kirloskar Electric Company Limited Bank of India (Lead Lender) State Bank of India Nature of the agreement Master Restructuring Agreement Date of execution of the agreement June 30, 2015 Details of reasons of termination and impact thereof. Successful exit from current arrangement. There is no negative impact on the Company. Regd. Office: No. 19, 2nd Main Road, Peenya 1st Stage, Phase -1, Peenya, Bengaluru, Karnataka, 560058 T+91 80 2839 7256, F +91 80 2839 6727; Email Id: investors@kirloskarelectric.com Customer care No. : 1800 102 8268, website: www.kirloskarelectric.com CIN: L31100KA1946PLC000415