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Kirloskar Electric Company Ltd, established in 1946, is an electrical engineering company that produces AC Motors, DC Motors, Transformers, Switchgear, and Electronics. It caters to core sectors like power generation, transmission and distribution, transportation, renewable energy, sugar, steel, cement, and allied industries.
Kirloskar Electric secured NCLT approval to merge its four wholly-owned, loss-making subsidiaries. This streamlines operations, cuts administrative costs, and gives direct control. Subsidiaries had no revenue/employees. Kirloskar Electric had Rs 111.5 Cr due from these entities.
Kirloskar Electric (KECL) is progressing with its corporate simplification. The NCLT Bengaluru has issued an order for merging four wholly-owned subsidiaries (KELBUZZ Trading, Luxquisite Parkland, SLPKG Estate Holdings, SKG Terra Promenade) into KECL, effective April 1, 2024. The company will now notify various authorities and publish the merger details in...
Kirloskar Electric will permanently close its component machining unit at Bhudihal, Bangalore Rural, following prior plans. This shutdown is aimed at enhancing operational efficiency and cost optimization and is not expected to impact overall business operations.
The Board of Directors of Kirloskar Electric Company Ltd. has designated Mrs. Meena Kirloskar as the Vice-Chairperson, effective immediately. Mrs. Kirloskar continues her role as a Non-Executive & Non-Independent Director, and this change does not alter her category of directorship. This appointment could strengthen the leadership structure, potentially enhancing governance...
The Board of Directors of Kirloskar Electric Company Limited has addressed notices from the NSE and BSE regarding a delayed compliance issue related to the reconstitution of key committees, leading to fines of ₹60,000 each (excluding GST). The company informed the Board that the reconstitution was delayed due to a...