Subscription to partly paid preference shares of subsidiary

• Security Code: 500241
• Company: KIRLOSBROS

Kirloskar Brothers Ltd has informed BSE that the Company has subscribed to partly paid 1,50,00,000 6% Cumulative Non-Convertible Redeemable Preference Shares of Rs. 10/- each aggregating to Rs. 9,00,00,000 (Rupees Nine Crores only) in its subsidiary, The Kolhapur Steel Limited (TKSL). The remaining amount would be paid as and when called by TKSL.