Kirloskar Ferrous Industries Limited (KFIL), a material subsidiary of Kirloskar Industries Limited , has appointed Mrs. Pallavi Gokhale as an Additional Director in the category of Non-Executive Independent Director, effective 12 June 2026. The appointment strengthens the governance framework of the subsidiary with the addition of a seasoned professional. The decision was taken by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.

Mrs. Pallavi Gokhale, aged 54 years, is a commerce graduate, a Chartered Accountant, and a Cost Accountant. She brings over two decades of experience in consulting, having supported large Indian organisations and multi-nationals across sectors such as automotive, industrial products, metals and mining, and chemicals. Her expertise lies in risk management, process and controls optimisation, digitisation, and driving sustainable governance frameworks.

Previously associated as a partner of Ernst & Young LLP India, Gokhale has executed complex reengineering programs for multi-location, multi-business organisations. She has collaborated with leadership teams to establish robust risk management practices, contributing to operational efficiencies and long-term value creation.

Directorships

Mrs. Gokhale holds directorships in several other companies, as outlined below:

The company confirmed that Mrs. Gokhale does not hold any equity shares in KFIL and is not related to any other director or key managerial personnel of the company. She is not debarred from holding the office of a director by any order passed by SEBI or any other authority, in accordance with Circular No. LIST/COMP/14/2018-19 dated 20 June 2018.

Kirloskar Industries Limited announced on June 3, 2026, that its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), has secured approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for a scheme of arrangement and merger. The tribunal pronounced an order on June 2, 2026, approving the merger by absorption of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with KFIL. The scheme, effective from the appointed date of April 1, 2025, facilitates the consolidation of businesses to enable long-term sustainability and streamline the current holding structure, thereby reducing the number of companies and associated regulatory compliances.

The Board of Directors of the respective companies approved the original Scheme of Amalgamation on August 4, 2025. The merger involves two wholly owned subsidiaries of KFIL; consequently, no shares of the transferee company will be issued, and no consideration will be discharged upon the scheme becoming effective. The issued and paid-up capital of the transferor companies will stand cancelled. The NCLT order also addressed an inadvertent arithmetical error in the post-merger authorised share capital of KFIL, which was corrected via board resolutions passed on April 4, 2026, without materially altering the scheme.

Key Details of the Merger Scheme

Regulatory Compliance and Undertakings

The petitioner companies confirmed compliance with all statutory requirements, including those specified by the Regional Director, Western Region-II, and the Official Liquidator. The scheme was deemed unopposed after no objections were received from other statutory or regulatory authorities, although observations were raised and addressed regarding charges, significant beneficial ownership, and the absorption of employees. KFIL undertook to absorb any temporary employees if they exist, effective from the appointed date.

The order directs the petitioner companies to file a copy of the order and the scheme with the concerned Registrar of Companies via E-Form INC-28 within 30 days of receipt. Additionally, the companies must lodge the authenticated order and scheme with the Superintendent of Stamps for adjudication of stamp duty within 60 days. The transferor companies will be dissolved without winding up upon the effectiveness of the scheme.