Kirloskar Industries disclosed that its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), has temporarily suspended operations of the Mini Blast Furnace at its Hiriyr plant in Karnataka. The suspension commenced on October 1, 2026, and is expected to last for approximately fifteen days to facilitate normal maintenance and repair activities.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kirloskar Industries stated that KFIL had intimated the stock exchanges where its shares are listed regarding this operational update, with a copy of the filing enclosed for reference.

Operational Details

The temporary halt affects only the Mini Blast Furnace unit at the Hiriyr facility. The company characterized the downtime as part of standard maintenance protocols rather than an unplanned disruption. No specific financial impact figures were provided in the initial notification.

Regulatory Compliance

Kirloskar Industries ensured that the market was informed through proper channels by forwarding KFIL's intimation to both BSE and NSE. The update highlights the parent company's adherence to continuous disclosure obligations for material subsidiaries.

Kirloskar Industries reported that Vijaydipak Mukundprasad Varma retired as an Independent Director of its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), effective September 30, 2026.

The retirement was executed pursuant to a resolution passed by the members of KFIL at their annual general meeting held on September 24, 2024. KFIL is a listed entity and a material subsidiary of Kirloskar Industries.

Regulatory disclosure

The company filed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of material events to stock exchanges. The filing was made to BSE Limited and National Stock Exchange of India Limited.

Kirloskar Ferrous Industries placed on record its sincere appreciation for Varma's valuable contribution during his tenure. The company secretary of KFIL, Mayuresh Gharpure, signed the intimation dated October 1, 2026.

Subsidiary governance update

The retirement marks a change in the board composition of KFIL. As a listed material subsidiary, changes in its key managerial personnel or directors are significant for parent company investors. The disclosure ensures transparency regarding governance shifts within the group structure.