UNSECURED FIXED DEPOSIT SCHEME

Unsecured Fixed Deposits are accepted from the shareholders subject to the following terms and conditions governing the acceptance of such deposits. The period and rate of interest payable on Unsecured Fixed Deposits are as follows.

1. Minimum amount of Deposit is Rs. 50,000/-. Addtional amount in multiple of Rs.10,000/- 2A. NON CUMULATIVE DEPOSITS : PERIOD - 12 Months 24 Months 36 Months

: INTEREST RATE - 11.5% 12% 12.5%

Period Amount of Deposit (Rs.) Interest Amount on Maturity (Rs.) Yeild 12 months 50,000/- 11.50% 56002 12.01%p.a 24 months 50,000/- 12.00% 63338 13.34%p.a 36 months 50,000/- 12.50% 72333 14.89%p.a

Interest payable quarterly on 31st March, 30th June,30th September and 31st December each year and is calculated on 365 days basis.

2B. CUMULATIVE DEPOSITS

KIRLOSKAR ELECTRIC COMPANY LTD.,Application Form For Unsecured Fixed Deposit Scheme for Shareholders

Dear Sir/s,

I/We request you to keep the sum stated below in Unsecured Fixed Deposits with you in accordance with the terms and conditions stipulated by you in respect of your Unsecured Fixed Deposit Schemes.

I/We have read and agree to the terms and conditions subject to which this deposit is accepted by you. I/We further declare that the amount being deposited herewith is not acquired by me/us by borrowing or accepting the deposit from any other person (s).

I/We also declare that the first named depositor is the beneficial owner of this deposit and is to be treated as the Payee for the urpose of deduction of tax u/s 194A of the Income Tax Act, 1961. The other names have been included merely for the sake of convenience.

ACKNOWLEDGEMENT SLIP (To be filled in by the Applicant)Application No. ........................................

Received from Mr./Mrs./Miss/Master (Name of first or sole applicant)

an application with FDR/Cheque*/DD* No dated drawn on

for Rs. towards Cumulative/Non-Cumulative Deposit for a period of Months with interest of % p.a

Date

For KIRLOSKAR ELECTRIC COMPANY LTD.,

Authorised Signatory

*Subject to realisation

In the name of (1) Mr./Mrs./Miss/Master

Jointly with (2) Mr./Mrs./Miss/Master

(3) Mr./Mrs./Miss/Master (BLOCK LETTERS)

Particulars of other Deposit(s) held FDR No/s. & Date/s by First Named Depositor

Status

I.T.Deduction

Category

Resident

No Tax

Non Shareholder

Non Resident

Exempt (Enclose 15H / 15G)

Shareholder DPID Client ID :

Domestic Co.

Deduct Tax (PAN No.

ECS Details: Bank name and address

Branch........................................................ MICR Code................................................ (Enclosed cancelled Cheque)

Account No..................................................IFSC Code..................................................

Place :

Date :

Signature(s)1)

2)

3)

FOR OFFICE USE ONLY

APPLICATION No.

FIRST LETTER OF NAME

SCHEME

PARTY CODE

Dur.

DATE

Prev. FDR No.

CATEGORY S NS

F.D.R. NUMBER

DATE OF DEPOSIT

BROKER CODE

Date of Birth (incase of Minor) : Guardian's Name

My/Our Address is...............................................................................................................................................................................................................................

............................................................................................................................................................................................................................................................

Place & Pin Code......................................................................... e-mail : ....................................................................Telephone No..............................................

Rupees (in figures)

Rupees in words :

By Cheque/DD No. Dated Drawn on

Nomination : Name of the Nominee & Address : Mr./Mrs./Miss

INSTRUCTIONS : PLEASE WRITE IN BLOCK LETTERS WHERE BOXES ARE PROVIDED, TICK IN APPROPRIATE BOX.

NON-CUMULATIVE CUMULATIVE

IF RENEWAL

INTEREST PAYABLE : Quarterly

12M 11.5% 24M 12% 36M 12.5% 12M 24M 36M

Interest payable on maturity interest will be compounded quarterly

FDR No.

Date

(duly discharged)D M Y

11.5% 12% 12.5%

Additional amount in multiples of Rs.10,000/-. Interest compounded quarterly at the respective rate applicable for the duration of deposit (Subject to deduction of tax at source)

3. Application for Deposits must be made in the Prescribed Form which can be obtained from the Registered Office of the Company as well as its branches or it can be downloaded from our Company Website and the company reserves to itself the right to reject any application without assigning any reason.

4. Payment should be made by means of Account Payee Cheque/DD drawn in favor of "KIRLOSKAR ELECTRIC COMPANY LTD.,".

a) Local cheque / DD drawn on any bank in Bangalore.

b) Account payee cheque payable at par at Bangalore.

c) Cheque drawn on any bank can be deposited in to our Bank of India, Account No.840020110000829, with any branch of Bank of India.

d) In any other case DD payable at Bangalore.

5. a) Interest will be calculated form the date of realization of the cheque/draft.

b) Change of address can be given effect only if request in writing is received atleast 30 days in advance duly quoting the Fixed Deposit Receipt Number.

c) Interest will cease to accrue after the date of maturity of the deposits unless they are renewed within one month form the date of maturity.

d) Excess Interest paid, if any, under any circumstances will be recovered from the subsequent payments of interests or from the principal.

e) Under Cumulative Deposit Scheme where tax is required to be deducted at source, the maturity value will vary due to compounding of interest net of tax deducted at source.

6. Tax at the applicable rates and in accordance with the provisions of the Income-Tax Act, 1961 will be deducted at source from the amount of interest paid and/or credited to the depositor. At present, tax is deductible if the aggregate amount of interest paid/payable during the financial year exceeds Rs.5,000/-. However, tax will not be deducted if the necessary statement/declaration in Form 15H /15G (in duplicate) as required under the Act is furnished to the company in respect of each financial year.

7. The company reserves the right not to repay a deposit before the date of maturity. In case of premature withdrawals, repayment of deposit amount and interest will be governed by Company's (Acceptance of Deposit) Rules 2014.

8. The deposit receipt duly discharged should be sent to the company, minimum 15 days before the date of maturity to enable the Company to renew or refund the deposits as the case may be on the due date. For renewals, a fresh Application Form duly filled in should accompany the discharge Fixed Deposit Receipt.

9. Where the due date of any payment falls on a Sunday, Bank Holiday or any Company holiday, the payment will be made on the next working day.

10. It is not obligatory on the part of the company to give notice or advance intimation about the maturity of the deposit.

11. In the case of deposits in Joint Names, all correspondence, payments of interest, repayment of the Fixed Deposit will be made to the person whose name appears first on the Deposit Receipt.

12. i) The deposit will be treated as payable to either or survivor/any one and the cheque for payment of interest and repayment of principal will be drawn in favour of the person whose name appears first in the receipt. Any discharge given by such person for payment of interest or repayment of principal amount shall be valid and binding on all the joint depositors.

ii) If the deposit is in the name of the minor the guardian should sign the application form for and on behalf of the minor. The date of birth of minor should also be mentioned in the application form. All payments will be made only in the name of minor.

iii) In the event of the death of the first joint holder, on production of death certificate, and without reference to the heirs and/or legal representative(s) of the deceased, subsequent payment of interest or repayment of deposit will be made to the person standing first in the order of the survivor(s). In the event of the death of the sole depositor, the deposit amount together with the interest thereon will be paid to the legal representative(s) of the deceased on production of proper legal representation such as probate of the will, succession certificate or letter of administration granted by the court of competent jurisdiction to the satisfaction of the Company.

13. The Fixed Deposit Receipt is not transferable and not negotiable.

14. In the event of loss, destruction or mutilation of the Fixed Deposit Receipt, the Company may, at its sole discretion, issue a duplicate receipt subject to compliance with such terms and conditions including indemnity from the depositor(s) as the Company may require. All expenses in this connection will be borne by the depositor(s).

15. The Company will not recognise or accept any lien or assignment of Fixed Deposit and/or Interest thereon.

16. The Company reserves the right:

a) to alter or amend without notice of or any of all the conditions stipulated above.

b) to accept deposit only for such periods as it may decide from time to time.

c) to reject any application for a fresh deposits or for renewal without assigning any reason.

d) to repay the deposit prematurely before the due date.

17. Fixed Deposits will be subject to Companies (Acceptance of Deposits) Rules, 2014, as amended from time to time and any other rules, or regulations prescribed by the Central Government or the Reserves Bank of India or any other statutory body.

18. Fixed Deposits will be accepted from resident individuals, association of persons, charitable institutions and minors through their guardians and from non-resident Indian on non-repatriation basis subject to RBI approval.

19. a) No change in the category of deposits whether public or shareholder or interchange of deposits will be agreed to during the entire tenure of the deposit.

b) A deposit in joint names will be treated as a deposit from shareholder, if the first named depositor is a shareholder of the Company.

20. The Company shall not be required or be bound to act in relation to any deposit otherwise than in accordance with the conditions herein above set out and within the provisions of law. The Company and their Bankers will in no way be responsible if any loss is sustained due to the interest cheque falling into improper hands or through forgery or fraud.

21. Dispute arising out of acceptance of deposits is subject to Bangalore jurisdiction only.

22. Please fill-up your Banker's Name, complete address of bank branch, Account No. MICR code IFSC code in the Application form correctly along with a cancelled bank cheque.

Note : All future communications in connection with this application should be addressed to: CORPORATE FINANCE DEPARTMENT KIRLOSKAR ELECTRIC COMPANY LTD., Post Box No. 5555, Malleswaram West, Bangalore 560 055. Phone : 080-23374865 & 23378735

Application forms can be downloaded from our Web site: www.kirloskar-electric.com and from our branches whose address and contact nos.Are given below:

1. New Delhi : M/s Kirloskar Electric Co. Ltd., 3rd Floor, Kundan House, 16 Nehru Place, New Delhi - 110019 Ph: 011 2623 3788/89 Fax: 011 2623 3791 2. Kolkata: M/s Kirloskar Electric Co. Ltd., Kamwell Manor,10/D/2, HO,CHI MINH, Sarani, Ist Floor, Kolkata 700 071 Ph: 033 2282 2305/06 Fax: 033 229 03431.

th3. Jamshedpur : M/s Kirloskar Electric Co. Ltd., Holding No. 143, Birenu, Dwaraka Palace, 5 Floor, Flat No. 5/2, Ambagan road, Sakchi, Jamshedpur - 831001. Ph: 0657 2228 685/2226 326 Fax: 0657 2237 4194. Mumbai: M/s Kirloskar Electric Co. Ltd., No. 87 Atur House, Dr. Annie Besant Road, Worli, Mumbai 400 018. Ph: 022 2491 2585 / Fax: 022 2495 0352

5. Pune: M/s Kirloskar Electric Co. Ltd., Anand Apts., Sr. No.1182/1/5,Behind HDFC bank, F C Road, Shivajinagar, Pune - 411 005 Ph: 020 2551 3410 / Fax: 020 2551 3409

6. Hyderabad :M/s Kirloskar Electric Co. Ltd., No.6-3-666/B, Deccan Chambers, 2nd Floor, Somajiguda, Hyderabad - 500 082 Ph: 040 2331 0497 / Fax: 040 2331 1336

7. Ahmedabad: M/s Kirloskar Electric Co. Ltd., 708, Sakar-III, (Opp Old High Court), Near Income Tax Circle,Ahmedabad - 380 014. Ph: 079 2754 1428 / Fax: 079 2784 1418

8. Chennai : M/s Kirloskar Electric Co. Ltd.,No. 10, Vasu St. Corner House, Kilpauk,Chennai 600 010. Ph:044 2661 4785 Fax: 044 2661 5861

KIRLOSKAR ELECTRIC COMPANY LTD.,(Regd. Office : Industrial Subrub, Rajajinagar, Banglaore 560 010)

Toll Free No.: 1800-4255-510 (between 9 a.m to 5 p.m)

CIN : L85110KA1946PLC000415

CIN : L85110KA1946PLC000415

KIRLOSKAR ELECTRIC COMPANY LIMITEDRegd. Office: Industrial Suburb, Rajajinagar, Bangalore - 560010

CIN L85110KA1946PLC000415 Phone: 080-23374865, 23378735 Fax : 080-23377706

Email : investors@kirloskar-electric.com website: www.kirlsokar-electric.com

Application for Unsecured Fixed Deposit Schemes for shareholders

TERMS AND CONDITIONS GOVERNING THE FIXED DEPOSIT SCHEMES

Ahmedabad A/1, Narnarayan Complex, Swastik Cross Road,

Off C G Road, Navrangpura, Ahmedabad-380 009

Tel: (079) 4008 9175

Vadodara FF-122 Dwarkesh Complex, R.C. Dutt Road,

Alkapuri, Baroda-390007

Tel: (265) 650 0267

Pune 502-503, B & C, City Point, 17 Boat Club Road,

Pune – 411 001

Tel: (020) 3048 8111

Bangalore 194,Akruti Cambers, Binnamangala, Stage II,

Double Road, Indiranagar, Bangalore-560038

Tel: (080) 25270004

Manager to the Fixed Deposit SchemeCentrum Broking Limited

Delhi 103, Akashdeep Bldg., Barakhamba Road,

Connaught Place, New Delhi-110001.

Tel: (011) 23358601/43525500

Kolkata Central Plaza, 3rd Floor, Suite No.307,

2/6, Sarat Bose Road, Kolkata – 700020.

Tel : 09831779418

Nagpur Shop. No. 1, Pardesi Plaza, Near Coffee

House Square, Dharmpeth, Nagpur – 440010.

Tel : (0712) 6616954

Chennai Ganesh Enclave, 39 Gopalapuram,

1st Street, Chennai – 600086.

Tel: (044) 4902 6009

Bombay Mutual Bldg.,2nd Flr., Dr. D.N. Road, Fort,

Mumbai - 400 001

Tel: (022) 2266 2434 /

+91 96644 44891

HIGHLIGHTS

Non Cumulative Deposits:

* Interest will be paid through ECS.

* No deduction of tax at source on interest payments up to Rs.5,000/- per annum.

* Interest payment: Interest will be paid quarterly. 30th June, 30th September, 31st December & 31st March.

* Minimum Amount is Rs. 50,000/-. Additional amount in multiples of Rs.10,000/-.

Cumulative Deposits:

* Interest compounded quarterly at the respective rates applicable for the duration of deposit. (Subject to deduction of tax at source).

* Minimum Amount is Rs. 50,000/-. Additional amount in multiples of Rs.10,000/-.

* Other conditions subject to which deposits are accepted are given in the application form obtainable from the Company or can be obtained

from the below mentioned branches of the Company or can be downloaded from our web site www.kirloskar-electric.com. Completed

applications together with the cheque / DD drawn in favour of the Company may please be sent to the Company at its postal address: Post

Box No. 5555, Malleswaram West, Bangalore – 560 055 or may be handed over to the branches of the Company mentioned below:

Kirloskar Electric Company Ltd3rd Floor, Kundan House,

16 Nehru Place, New Delhi -110 019

Ph : 011 26233789, 011 26233788

Kirloskar Electric Company Ltd

Kamwell Manor, 10/D/2,HO CHI MINH

SARANI, Ist Floor, Kolkatta-700071

Ph : 033-22822305, 033-22822306

Kirloskar Electric Company Ltd

Holding No 143,Birenu Dwakaka Place,

5th Floor, Flat no 5/2, Ambagan Road,

Sakchi, Jamshedpur – 831 001

Ph : 0657-2226326

Kirloskar Electric Company Ltd

No. 87 Atur House, Dr. Annie Besant Road,

Worli, Mumbai 400018

Ph : 022-24912585

Kirloskar Electric Company LtdNo. 10M, Vasu St. Corner House,

Kilpauk, Chennai

Ph : 044-26614785

Kirloskar Electric Company Ltd1182/1/5, Anand Apartments

Behind HDFC Bank, FC Road,

Shivajinagar, Pune - 411 005

Ph : 020-25513410

Kirloskar Electric Company Ltd

708, Sarkar-III, (Opp Old High Court),

Near Income Tax Circle,

Ahmedabad - 380 014

Ph : 079-27541428 079-27541653

Kirloskar Electric Company Ltd

No.6-3-666/B, Deccan Chambers,

2nd Floor, Somajiguda,

Hyderabad - 500 048

Ph : 040 23310497

Note : All future communication in connection with the application should be addressed to : Corporate Finance Department, Kirloskar Electric

Company Ltd, Post Box No. 5555, Malleswaram (West), Bangalore 560 055. Phone: 080-23374865, 23378735.

Toll Free No. 1800- 4255-510 (between 9 a.m. to 5 p.m.)

SCHEME ‘A’(Non cumulative)

SCHEME ‘B’(Cumulative)

12 months 11.50% 12 months Rs.50,000/- 11.50% 56002.76 12.01

24 months 12.00% 24 months Rs.50,000/- 12.00% 63338.05 13.34

36 months 12.50% 36 months Rs.50,000/- 12.50% 72333.18 14.89

Period Rate of

interest per

annum (%)

Payable

quarterly

Period Amount of

Deposit

Rate of Interest

per annum (%)

Compounded

quarterly

Amount

payable on

Maturity

(Rs.)

Effective

yield

P.A. (%

Mumbai :Centrum House, CST Road, Vidya Nagari Marg,

Kalina, Santacruz (E), Mumbai - 400 098.

Tel: (022) 4215 9000 Email : fd@centrum.co.in

Website: www.centrum.co.in

1

KIRLOSKAR ELECTRIC COMPANY LIMITEDCIN L85110KA1946PLC000415

Regd. Office: Industrial Suburb, Rajajinagar, Bangalore –560010. Phone: 080-23374865, 23378735 Fax : 080-23377706

Email:investors@kirloskar-electric.com website: www.kirlsokar-electric.com

Unsecured Fixed Deposit Schemes for shareholdersCIRCULAR OR CIRCULAR IN THE FORM OF ADVERTISEMENT INVITING DEPOSITS

(Pursuant to section 73(2)(a) and section 76 and rule 4(1) and 4(2) of the Companies (Acceptance of Deposits) Rules, 2014)

1. General Information

a. Name, address, website and other contact details Kirloskar Electric Company Limited

of the company CIN L85110KA1946PLC000415

Industrial Suburb, Rajajinagar, Bangalore 560010

Telephone : 23374865, 23378735 Fax : 23377706

Email ID : swapna.ks@kirloskar-electric.com Website: www.kirloskar-electric.com

b. Date of incorporation of the company 26th July 1946

c. Business carried on by the company and its

subsidiaries with details of branches or units, if any;

The Company manufactures/ sells a variety of electrical and electronic equipments such as

AC Electric Motors and Generators, DC Motors and Generators,

Transformers, Industrial Electronic Voltage Regulators, Switch gears etc.

The Company has one subsidiary : Kirsons B.V. Netherlands

Kirsons B.V. is having two subsidiaries - Lloyd Dynamowerke GmbH & Co. KG, Germany and

LloydBeteiligungs-GmbH, Germany.

The Company has acquired approximately 95% stake in Lloyd Dynamowerke GmbH & Co.

KG,Germany and the entire shareholdings in Lloyd Beteiligungs-GmbH,

Germany through its subsidiary in The Netherlands – Kirsons B.V. Lloyd Dynamowerke GmbH

& Co. KG, Germany is a limited partnership existing in accordance with the laws of Germany

which owns an electrical equipment manufacturing plant at Bremen, which is being operated by

the said limited liability firm.

The Company has factories at :

1. Survey No.16, Govenahalli, Thyamagondalu Hobli, Nelamangala Taluk,

Bangalore Rural District562 123

2. Belvadi Industrial Area, Mysore 570 018

3. Gokul Road, Hubli –580 030

4. Hirehalli Industrial Area, Hirehalli, Tumkur 572 168

5. GAT No.309,315,317 and 318, Opp Govt Milk Dairy Kondhapuri Dt. Pune-412 209

6. Survey No.81/3, Kachenahalli (Budihal) Nelamangala Taluk, Bangalore Rural -562 123

7. Sy. No.16/1, Gabbur Village, P B Road, Hubli 580 028

8. NH-6, Jaladhulagori , PO Dhulagori, PS Sankrail, Howrah 711302

Sales Offices at :

Ahmedabad, Bangalore, Bhubaneswar, Calcutta, Chennai, Cochin, Coimbatore, Dehradun,

Durg, Hyderabad, Jaipur, Jamshedpur, Lucknow, Ludhiana, Madurai, Mumbai, Nagpur, New

Delhi, Pune, Raipur, Surat, Visakhapatnam and an Overseas Sales Office at Kuala Lumpur,

Malaysia and Representative Office at Singapore and U.A.E.

d. Brief particulars of the management of the Company The Company is managed by the Managing Director under the supervision,

control and direction of the Board of Directors.

e. Names, addresses, DIN and occupations of the Directors:

Name DIN Address Occupation

Mr. Kamlesh Gandhi No.6 Palm Grove Business Executive

Director 26, Pushpak Park

DIN: 0004969 Aundh, Pune 411 007

Mrs.Meena Kirloskar 22, 17th Cross, Industrialist

Director Malleswaram West,

DIN : 00286774 Bangalore – 560055

Mr. Ram J Shahaney Flat #7103, Block, Business Executive

Director #7 Gardenia Square

DIN : 00011606 Prestige Shanthi Niketan

Apartments, ITPL Main Road

Whitefield, Bangalore 560048

Mr.K.Ganesh 34 , Jawr. Ngr. 3rd Main Road Service

Director Jawahar Nagar, Chennai,

DIN: 05160176 Tamil Nadu – 600 082

Mr.Vinayak Narayan A-33, Navratna Apartments Service

Bapat 17th Cross,

Managing Director Malleswaram West,

DIN : 06936639 Bangalore-560055

Mr. Anand B Hunnur 2A, Second Floor Service

Director – Sales Sangeetha Apartment

DIN : 06650798 18th Cross, Malleswaram West,

Bangalore- 560 055

Name DIN Address Occupation

Mr. Vijay R. Kirloskar 22, 17th Cross

Executive Chairman Malleswaram West Industrialist

DIN : 00031253 Bangalore - 560055

Mr. A.S. Lakshmanan 1/C Cunningham Road Industrialist

Director Bangalore- 560052

DIN: 00037374

Mr. S.N.Agarwal 11/3, Nandidurg Road, Industrialist

Director Bangalore 560 046.

DIN : 00111187

Mr. Anil Kumar Bhandari 12, Ali Asker Road, Coffee Planter

Director Bangalore 560 052.

DIN : 00031194

Mr. Sarosh J Ghandy Ushtana, Retd. Business

Director Aparanta Enclave, Executive

DIN :00031237 Village Siddhapura,

P O Whitefield,

Bangalore 560 066.

Mr. V.P.Mahendra Lakshmi Vilas, Industrialist

Director No.5, Sankey Road,

DIN : 00033270 High Grounds,

Bangalore 560 052

2

f . Management ‘s perception of risk factors: Global economies appear to be going through a phase which is having greater share of

volatility than that of stability. High interest costs, low corporate investments, high

inflation and trade deficits continue in this fiscal. Measures are needed from the

Government to kick-start the investment cycle growth.

There is no visibility of a sustained Global recovery and Eurozone economic sluggishness

continues unabated affecting India’s economic growth.Low industrial growth, unfavorable

investment climate have resulted in the Company’s domestic order book reflecting

sluggishness as in Fiscal 2013-14. The general weakness across all industries continues and

all sectors are reflecting a great deal of uncertainty in the market for capital expenditure

and capital goods.

However, the Company’s efforts to optimize products have enabled the Company to

enhance product offerings leading to significant overseas orders.

Further, the various industries to which the Company caters are expected to better again and

demand from them will pick up again. The overall long term view is positive.

In view of the above, the Company is hopeful of recording operating performance this fiscal improved.

g. Details of default, including the amount involved,

duration of default and present status, in repayment

of (as on 31.3.2014) PF – 228.63 lakhs cleared by June 2014

1. statutory dues as on 31.3.2014 TDS-113.19 lakhs cleared by June 2014

2. debentures and interest thereon; NA

3. loan from any bank or financial institution and NA

interest thereon

2. PARTICULARS OF THE DEPOSIT SCHEME

a. Date of passing board resolution; 20/01/2015

b. Date of passing of resolution in the general meeting

authorizing the invitation of such deposits; 30/09/2014

c. Type of deposits i.e. whether secured or unsecured; Unsecured

d. Amount which the company can raise by way ofdeposits Amount which the Company can raise by way of deposits

as per the Act and the rules made thereunder, and the Public – 3562.69 lakhs

aggregate of deposits actually held on the last day of the Shareholders – 1425.08 lakhs

immediately preceding financial year and on the date Aggregate of deposits held

of issue of the circular or advertisement and amount of a. As on 31.3.2014

deposit proposed to be raised and amount of deposit Public – 4503.14 lakhs

repayable within the next twelve months; Shareholders – 467.20 lakhs

b. As on 30.9.2014

Public – 4169.74 lakhs

Shareholders – 326.70 lakhs

Amount of deposit repayable within the next twelve months

Public – 671.20 lakhs

Shareholders – 14.50 lakhs

e. Terms of raising of deposits; Duration, Rate of Interest, One year to three year

mode of payment and repayment; First year-11.5%, Second year 12%, Third year 12.5%. Deposits are accepted through

cheque & the repayment by cheque/ECS

f . Proposed time schedule mentioning the date of opening of From the date of obtaining necessary approvals and valid upto expiry of six months

the Scheme and the time period for which the circular or from the date of closure of the financial year 2014-15 or until the date of the next

advertisement is valid; Annual General meeting whichever is earlier

g. Reasons or objects of raising the deposits; For raising funds required for Business

h. Credit rating obtained; Credit Analysis & Research Ltd

Name of the Credit Rating Agencies, CARE C(FD)

Rating obtained,

Meaning of the rating obtained,

Date on which rating was obtained. 9.12.2014

i. Extent of deposit insurance; Name of the Insurance Insurance coverage will be obtained once the insurance companies provide such

Company, terms of the insurance coverage, duration facil ity

of coverage, extent of coverage, procedure for claim

in case of default etc.

j. Short particulars of the charge created or to be created

for securing such deposits, if any; NA

k. Any financial or other material interest of the directors,

promoters or key managerial personnel in such deposits and

the effect of such interest in so far as it is different from

the interests of other persons

3. DETAILS OF ANY OUTSTANDING DEPOSITS

a. Amount of outstanding; Rs. 49,70,34,000.00

b. Date of acceptance; 30.09.2013

c. Total amount accepted; Rs.30,71,50,000.00

d. Rate of interest; 11.5% to 12.5%

e. Total number of depositors; 3796

f . Default, if any, in repayment of deposits and payment Nil

of interest thereon, if any, including number of depositors,

amount and duration of default involved;

g. Any waiver by the depositors, of interest accrued on deposits; Nil

3

d. Audited Cash Flow Statement for the three years immediately preceding the date of issue of circular or advertisement; as filed with ROC

e. Any change in accounting policies during the last three years and their effect on the profits and the reserves of the company: Nil

5. A DECLARATION BY THE DIRECTORS THAT –

a. the company has not defaulted in the repayment of deposits accepted either before or after the commencement of the Act or payment of interest thereon;

b. the Board of directors have satisfied themselves fully with respect to the affairs and prospects of the company and that they are of the opinion that

having regard to the estimated future financial position of the company, the company will be able to meet its liabilities as and when they become due

and that the company will not become insolvent within a period of one year from the date of issue of the circular or advertisement;

c. the Company has complied with the provisions of the Act and the rules made thereunder;

d. the compliance with the Act and the rules does not imply that repayment of deposits is guaranteed by the Central Government;

e. The Company has accepted public deposit under the relevant provisions fo the Companies Act, 1956 and rules made under that Act(hereinafter known

as ‘Earlier Deposit”) and has been repaying such deposit and interest thereon in accordance with such provisions and will continue to repay such deposits

and interest due thereon on due dates for the remaining period of such deposits in accordance with terms and conditions and period of such earlier

deposits and in compliance with requirement under the Companies Act, 2013 and rules made there under.

f. In case of any adverse change in credit rating, depositors will be given a chance to withdraw deposits without any penalty.

g. The deposits shall be used only for the purposes indicated in the Circular or circular in the form of advertisement;

h. The deposits accepted by the company (other than the secured deposits, if any, aggregate amount of which to be indicated) are unsecured and rank

pari passu with other unsecured liabilities of the company.

By Order of the Board of Directors

For KIRLOSKAR ELECTRIC COMPANY LIMITED

Place : Bangalore K.S. Swapna Latha

Date : 20.01.2015 General Manager (Legal) & Company Secretary

Liabilities As at As at As at As at As at As at

March31, 2014 March31, 2013 March31, 2012 Assets March31, 2014 March31, 2013 March31, 2012

(Rs. In lakhs) (Rs. In lakhs)

Share Capital 5052.14 5052.14 5052.14 Fixed Assets 12122.37 13483.45 14879.15

Reserves & Surplus 10410.71 14511.67 14095.64 Non Current 19142.12 15513.99 12703.58

Investments

Long Term 6531.84 2026.41 1294.30 Long Term Loans 1773.12 1704.20 1449.60

Borrowings & Advances

Other Long Term 1334.24 715.00 690.45 Other Non

Liabilities Current Assets 151.91 124.11 311.13

Long Term 1351.22 1265.54 1071.34 Inventories 15410.60 13500.40 13174.60

Provisions

Short Term

Borrowings 13673.33 15174.67 12697.42 Trade Receivables 15664.06 19512.78 18744.11

Trade Payables 27919.66 24063.56 22704.96 Cash & Cash Equivalents 5122.86 2693.11 3418.64

Other Current 6736.79 6422.37 9482.74 Short Term Loan 1456.00 1517.31 1528.54

Liabilities & Advances

Short Term 737.17 1186.41 1423.58 Other Current Assets 2904.06 2368.42 2303.22

Provisions

Total 73747.10 70417.77 68512.57 Total 73747.10 70417.77 68512.57

4. FINANCIAL POSITION OF THE COMPANY

a. Profits of the Company, before and after making provision for tax, for the three financial years immediately preceding the date of issue of circular or

advertisement;

Year ended Profit/(Loss) Before tax Profit/(Loss) After tax

(In lakhs) (In lakhs)

2013-14 (4100.73) (4100.96)

2012-13 573.77 416.03

2011-12 1008.90 956.82

b. Dividends declared by the company in respect of the said three financial years; interest coverage ratio for last three years (Cash profit after tax plus

interest paid or interest paid) - Nil

c. A summary of the Financial Position of the Company as in the three audited balance sheets immediately preceding the date of issue of circular or

advertisement;

4