Promoters of kirloskar brothers have confirmed that they did not create any encumbrance, directly or indirectly, on the shares held by them during the financial year ended March 31, 2026. This declaration was submitted by Atul Kirloskar on behalf of himself and the promoter group pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure, dated April 3, 2026, was addressed to BSE Limited and the National Stock Exchange of India Limited. It stated that the promoter group has not pledged any shares during the specified period. The company has been requested to communicate this declaration at its next Audit Committee Meeting as per Regulation 31(5) of the SEBI Takeover Code.

Shareholding Details

The declaration included an annexure detailing the shareholding of various promoter and promoter group members as of March 31, 2026. The data indicates the specific number of shares held by each entity and the corresponding percentage of total shareholding. The list includes individual promoters such as Atul C Kirloskar, Rahul Chandrakant Kirloskar, and Sanjay Chandrakant Kirloskar, as well as various group companies and trusts.

Promoter Holdings

The following table summarizes the holdings of key promoters, confirming that no shares were pledged or encumbered:

Additional notes provided in the disclosure clarified the nature of holdings for certain individuals. For instance, Sanjay Chandrakant Kirloskar holds a significant portion of his shares in his individual capacity, while also holding shares as a trustee for the Kirloskar Brothers Limited Employees Welfare Trust Scheme and the C.S. Kirloskar Testamentary Trust. Similarly, other promoters hold shares in individual capacities, as Kartas of HUFs, or as trustees of specific trusts.

Kirloskar Brothers Limited's Board of Directors, at its meeting held on May 13, 2026, approved the re-appointment of Ms. Rama Kirloskar as Joint Managing Director for a term of five years. The re-appointment is subject to the approval of shareholders at the ensuing Annual General Meeting. Additionally, the board appointed new auditors for Financial Year 2026-27.

Re-appointment of Ms. Rama Kirloskar

The board approved the re-appointment of Ms. Rama Kirloskar (DIN: 07474724) based on the recommendation of the Nomination and Remuneration Committee. Her tenure is set to commence on August 03, 2026, and will continue up to August 02, 2031.

Profile of Ms. Rama Kirloskar

Ms. Rama Kirloskar, aged 36, has been a Director on the Board since July 28, 2017, and Joint Managing Director since August 03, 2021. She also serves as Managing Director of Kirloskar Ebara Pumps Limited (KEPL), a joint venture with Ebara Corporation, Japan, and has been instrumental in turning KEPL into a debt-free company. Prior to this, she was General Manager and Head of Product Portfolio Management at Kirloskar Brothers Limited.

She holds a double major in Mathematics and Biology from Bryn Mawr College, USA. Her professional experience includes roles at Polaris Partners and the Koch Institute at MIT. She is an author of a publication in the journal Cell and serves on the Executive Council of AGNII. She is related to Mr. Sanjay Kirloskar, Chairman and Managing Director, and Mr. Alok Kirloskar, Non-Executive Non-Independent Director.

Appointment of Auditors for FY2026-27

The board approved the appointment of an Internal Auditor and a Cost Auditor for the Financial Year 2026-27.

Internal Auditor

Cost Auditor