Kirloskar Electric Company Share Price in Focus; Secures ₹100 Crore Credit Facilities from Kotak Mahindra Bank

Kirloskar Electric Company Limited has signed a ₹100-crore Master Facility Agreement with Kotak Mahindra Bank Limited. The agreement, dated November 12, 2026, provides for two overdraft facilities to meet the company's working capital requirements. 

The company's board had cleared the credit facilities at its meeting on October 26, 2026. The agreement was subsequently signed with the bank, and the company notified the exchanges on November 13, 2026. 

Two Overdraft Facilities 

The sanctioned amount comprises a Dropline Overdraft of ₹50 crore and an Overdraft against Fixed Deposits of ₹50 crore. Both facilities have been extended by Kotak Mahindra Bank. 

Kirloskar Electric reported that the outstanding loan amount stood at nil on the date of execution of the agreement. The filing does not report any amount already drawn against the newly sanctioned facilities. 

Details of Security 

The company has provided different forms of security for the two facilities. 

For the Dropline Overdraft, the security includes stock, book debts and other current assets. An immovable property at Survey No. 16, Thyamagoundlu Hobli, Govenahalli, Bengaluru, Karnataka, has also been included. The facility is backed by the personal guarantee of Vijay R. Kirloskar. 

The other overdraft facility is secured against fixed deposits equivalent to 100% of its sanctioned limit. Kirloskar Power Equipments Limited, a promoter group company, has provided the corporate guarantee for this facility. 

Other Terms 

In its stock exchange filing, Kirloskar Electric stated that Kotak Mahindra Bank has not been granted special rights under the agreement, including the right to appoint directors or restrict changes in the company's capital structure. 

The bank is also not related to the company's promoter group or group companies. The transaction has not been classified as a related-party transaction. 

Read More: Adani Energy Solutions Share Price in Focus; Acquires IntelliSmart for ₹3,050 Crore! 

Kirloskar Electric Company Share Price Performance 

As of November 13, 2026, 3:30 pm, Kirloskar Electric Company share price closed at ₹110.14, up 0.11% from the previous closing price. 

Conclusion 

The agreement provides Kirloskar Electric with access to ₹100 crore in working capital credit facilities. The two overdraft limits carry separate security arrangements, as detailed in the company's regulatory filing. 

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