Outcome of Board Meeting

KIRLOSKAR ELECTRIC COMPANY LTD., Sect./12/2026-27 July 16, 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/Madam, Sub: (a) Intimation for reappointment of Mr. Vijay R Kirloskar (DIN: 00031253) as Wholetime Director (Executive Chairman) of the Company; (b) Intimation for approval of preferential issue of equity shares of the Company; (c) Intimation for appointment of Internal Auditor of the Company; Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 read with para A of Part A of Schedule III; Date and time of occurrence of information : July 16, 2026 at 12 Noon. Pursuant to regulations under reference, this is to inform that based on the recommendations of Nomination and Remuneration Committee and Audit Committee respectively as applicable, the Board of Directors of the Company at its meeting held today i.e., July 16, 2026, have approved the following: 1. Subject to the approval of members of the Company, re-appointment of Mr. Vijay R Kirloskar (DIN: 00031253) as a Whole-time Director (Executive Chairman) of the Company for a term of three (03) years, with effect from August 12, 2026 and liable to retire by rotation. Further, pursuant to BSE Circular with ref. no. LIST/COMP/14/ 2018-19 and the NSE Circular with ref. no. NSE/CML/2018/24 dated June 20, 2018, it is hereby confirmed that Mr. Vijay R Kirloskar (DIN: 00031253) is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. 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., Details in accordance with the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is given as Annexure – 1. 2. Approved to issue upto 34,68,007 (Thirty Four Lakh Sixty Eight Thousand Seven) equity shares at a floor price of Rs. 115.34/- (Rupees One Hundred and Fifteen and Thirty Four Paise Only) each aggregating upto Rs. 40,00,00,000/- (Rupees Forty Crore Only) to Kirloskar Power Equipments Limited, a promoter group Company by way of preferential issue in accordance with the provisions of Section 42 and Section 62(1)(c) of the Companies Act, 2013, as amended (“Act”) read with Companies (Prospectus and Allotment of Securities) Rules, 2014, as amended (“Rules”), Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Listing Regulations and such other acts / rules / regulations as maybe applicable and subject to necessary approval of the members of the Company in ensuring general meeting and other regulatory authorities, as maybe applicable. Details in accordance with the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is given as Annexure – 2. 3. Appointment of M/s. T. Sriram, Mehta & Tadimalla, Chartered Accountants, Bangalore, as the Internal Auditors of the Company for the financial year 2026-27. Details in accordance with the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is given as Annexure – 3. 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 – 1 Details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026: Re-appointment of Mr. Vijay R Kirloskar (DIN: 00031253) as a Wholetime Director (Executive Chairman): Sr. No. Particulars Details 1. Reasons for Change Re-appointment 2. Date of Appointment / With effect from August 12, 2026 for a period of three (3) years. cessation & Term of appointment 3. Brief profile Mr. Vijay Ravindra Kirloskar holds a Master's degree in Management Science and Engineering from Worcester Polytechnic Institute, USA. He began his career with the Kirloskar Group in 1978 as Manager-Production and quickly rose through the ranks, becoming President in 1982 and Managing Director in 1985. Mr. Vijay Ravindra Kirloskar served as the Chairman of the Kirloskar Group from 1994 to 1998, overseeing significant growth. He has also held prominent industry roles, including Vice President of CII in 1998. His extensive experience and leadership have been crucial in driving the company's overall operations and fostering key business opportunities, such as securing new customers, technology agreements, and significant orders. As the promoter and senior manager of the company, Mr. Vijay Ravindra Kirloskar plays a central role in its strategic direction. 4. Disclosure of relationships Mr. Vijay Ravindra Kirloskar is the spouse of Mrs. Meena between directors Kirloskar (DIN: 00286774), Non-Executive Director, father of Ms. Rukmini Kirloskar (DIN: 00309266), Non-Executive Director, and father of Ms. Janaki Kirloskar (DIN: 00309238), Joint Managing Director (Additional Director) of the Company. Apart from the aforementioned, he does not have any relationship with any other Directors, Key Managerial Personnel, or Senior Management Personnel of the Company. 5. Other Disclosure In line with the Stock Exchange Circular dated June 20, 2018, it is hereby confirmed that he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. 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 – 2 Details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026: Issue of Equity shares on preferential basis: Sl. No Particulars Details 01 Type of securities proposed Equity to be issued (viz. equity shares, convertibles, etc.) 02 Type of issuance (further Preferential allotment public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) 03 Total number of securities Upto 34,68,007 (Thirty Four Lakh Sixty Eight Thousand proposed to be issued or the Seven)Equity shares at a floor price of Rs. 115.34/- per total amount for which the share for cash, for an aggregate consideration of upto Rs. securities will be issued 40,00,00,000/- (approximately) Additional details in case of Preferential Issue: 04 Name of the Investors Kirloskar Power Equipments Limited 05 Post allotment of securities – The Issue Price of the equity shares is Rs.115.34/- outcome of the subscription determined as per the applicable provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. 06 Issue price/ allotted price (in Not applicable case of convertib [Showing first 8,000 characters — download PDF for full document]