Kirloskar Brothers ' wholly owned subsidiary SPP Pumps Ltd has secured a significant order worth GBP 11.7 million from Saipem Offshore Construction SPA for the supply of vertical pumps and spares. The contract, valued at approximately ₹149.59 crore, strengthens the subsidiary's position in the UK pump industry and is expected to be executed within 52-60 weeks from the receipt of the order.

Kirloskar Brothers' flagship international subsidiary SPP Pumps obtained the order from the international entity Saipem Offshore Construction SPA. As part of the significant terms and conditions, SPP Pumps is required to issue a Performance Bond equal to 10% of the contract value and a Warranty Bond equal to 5% of the contract value.

Order Details

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract. The key details of the order are outlined below:

Kirloskar Brothers Limited has fixed Friday, July 24, 2026, as the record date to determine shareholder eligibility for a dividend of ₹7 per equity share for the financial year 2025-26. The Board of Directors recommended this dividend at its meeting held on May 13, 2026. The payout, subject to shareholder approval at the upcoming Annual General Meeting (AGM), will be paid electronically on or before August 29, 2026, to those with updated bank details. The total outflow for the dividend is estimated at ₹555.86 million.

The company's 106th AGM is scheduled for Friday, July 31, 2026, at 3:00 p.m. IST via Video Conferencing and Other Audio Visual Means (VC/OAVM). The meeting will transact business including the adoption of audited financial statements for FY 2025-26 and the re-appointment of Ms. Rama Kirloskar as Joint Managing Director for a term of five years commencing August 3, 2026. The notice and annual report have been dispatched electronically to shareholders.

Shareholders can cast their votes remotely through e-voting, which commences on Tuesday, July 28, 2026, at 9:00 a.m. IST and concludes on Thursday, July 30, 2026, at 5:00 p.m. IST. Members holding shares in demat or physical mode as on the cut-off date of July 24, 2026, are eligible to vote. Those who have not cast their votes remotely may vote during the AGM via the e-voting system, provided they are present through the VC/OAVM facility.

Financial and Operational Highlights

For FY 2025-26, Kirloskar Brothers Limited reported a consolidated net revenue of ₹45,380 million, a 1% increase year-on-year. Profit After Tax (PAT) stood at ₹3,772 million with a margin of 8.3%. The company achieved a Return on Capital Employed (ROCE) of 19.30% and maintained a consolidated order book of ₹39,488 million as of March 31, 2026. Key operational milestones included the Kalpakkam Fast Breeder Reactor attaining criticality and securing significant orders in the Water Resource Management and Power sectors.

ESG and Sustainability

The company strengthened its sustainability commitments during the year, increasing the renewable energy share in operations to 35% from 15% in the previous year. This includes 13.5 MW of open access solar power, 4.75 MW of rooftop solar, and 4 MW of wind power. KBL reduced its absolute Scope 1 emissions by 48.87% and Scope 2 emissions by 25.41% compared to FY 2024-25. The firm received the Golden Peacock Award for Sustainability and the National Energy Conservation Award 2025 for its KOSi-135 pump.