Kirloskar Electric Company has successfully completed its postal ballot process for a related party transaction, with shareholders providing overwhelming approval for the appointment of Ms. Janaki Kirloskar as Chief Executive Officer to any office or place of profit. The company announced the results on April 8, 2026, following the completion of the e-voting process conducted under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results and Participation

The postal ballot witnessed significant shareholder support for the proposed resolution. The voting statistics demonstrate strong confidence in the company's leadership decision:

Category-wise Voting Pattern

The voting pattern across different shareholder categories revealed interesting participation trends. While promoter and promoter group members, holding 33034787 shares, did not participate in the voting process, public non-institutional shareholders drove the entire voting activity.

Among the public non-institutional shareholders, 111 members voted in favour of the resolution while 16 members voted against it. No invalid votes were recorded during the process.

E-voting Process and Timeline

The postal ballot process was conducted entirely through remote e-voting, facilitated by Central Depository Services (India) Limited. The company had circulated the postal ballot notice dated February 11, 2026, to shareholders on February 27, 2026. Key timeline details include:

Scrutinizer's Oversight

Chandra Sekhar Kandukoori, Practicing Company Secretary (COP # 24363), served as the scrutinizer for the postal ballot process. The scrutinizer's report confirmed the validity of the voting process and verified that all procedures were conducted in accordance with the Companies Act, 2013, and SEBI regulations. The scrutinizer submitted the report on April 7, 2026, confirming that the ordinary resolution was passed with requisite majority.

Resolution Details

The approved resolution pertains to a related party transaction involving the appointment of Ms. Janaki Kirloskar, who currently serves as Chief Executive Officer of the company, to any office or place of profit. This ordinary resolution required simple majority approval from shareholders and has now received the necessary regulatory compliance through the postal ballot process.

The successful completion of this postal ballot process enables Kirloskar Electric Company to proceed with the proposed appointment, having secured the required shareholder approval under applicable regulations. The company has informed both BSE Limited (Scrip: 533193) and National Stock Exchange of India Limited (Symbol: KECL) about the voting results as per regulatory requirements.

Kirloskar electric co has announced the departure of its Chief Financial Officer, Mr. Sanjeev Kumar S, effective March 6, 2026. The company informed both BSE and NSE about this key management change through a regulatory filing under SEBI Regulation 30.

Leadership Transition Details

The company's official communication, dated March 3, 2026, confirmed that Mr. Sanjeev Kumar S was relieved from his CFO position at the closure of business hours on March 6, 2026. This development follows a previous intimation made by the company on February 13, 2026, indicating prior planning for this transition.

Management's Acknowledgment

The Board of Directors and Management of Kirloskar Electric Company Limited conveyed their sincere gratitude for Mr. Sanjeev Kumar S's contributions during his tenure. The company specifically highlighted his invaluable contributions and professional guidance, noting that his support was very much appreciated and honored throughout his service period.

Regulatory Compliance

The announcement was made in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance for this key management personnel change.

Company Communication

The formal intimation was signed by Company Secretary & Compliance Officer Mahabaleshwar Bhat and submitted to both major stock exchanges. The document included detailed annexures providing all required information under SEBI regulations for such corporate developments involving key management personnel changes.