| <p>Kirloskar Electric Company Limited informed the Bombay Stock Exchange and National Stock Exchange of India that its board approved an overdraft facility of Rs 50 crore from Kotak Mahindra Bank Limited, secured by a lien on a fixed deposit held by Kirloskar Power Equipments Limited, a related party, and a Drop Line Overdraft facility of up to Rs 50 crore from the same bank, alongside an indemnity deed in favor of Executive Chairman and promoter Vijay R Kirloskar regarding a personal guarantee.</p> |