Kirloskar Pneumatic Company Limited has appointed Mr. Ranganath Nuggehalli Krishna as an Independent Director for a term effective from April 28, 2026 to March 12, 2031. The appointment follows the approval of shareholders through a Special Resolution at the Annual General Meeting held on July 21, 2026. This governance decision reinforces the board's composition as the company operates under the Kirloskar Group banner.

The regulatory disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015. The company confirmed that the necessary details regarding Mr. Krishna's appointment were previously disclosed in its filing dated April 27, 2026, in compliance with the Master Circular issued by the Securities and Exchange Board of India (SEBI) on January 30, 2026.

Appointment Details

The confirmation of this appointment concludes the process initiated earlier this year, ensuring compliance with all regulatory requirements for board composition.

Kirloskar Pneumatic Company has reaffirmed its FY27 revenue target of ₹2100 crore, signalling confidence in its long-term growth trajectory even as it navigates headwinds in the Middle East market. The company is simultaneously pursuing a long-term EBITDA margin band of 18%-20% by FY27, acknowledging that possible fluctuations may occur along the path to achieving this goal.

Record Order Inflows Across Key Divisions

The company reported strong momentum across its business divisions, with multiple segments recording milestone order inflows. The Equipment Division, which is primarily domestic in nature, reported record order inflows driven by robust demand conditions. Most notably, the Air Compressor Division achieved its best order booking ever, underscoring the strength of demand in this core segment.

On the bio-gas front, Kirloskar Pneumatic achieved record high bio-gas orders in Q1 and anticipates total bio-gas orders exceeding INR 100 crore for the year. The following table summarises the key order and financial highlights:

Business Mix and Segment Outlook

Kirloskar Pneumatic has outlined a measured evolution of its business mix over the medium to long term. The company expects its precision engineering segment to contribute 10%-15% of overall business within a 5-7 year horizon, reflecting a gradual diversification of its revenue base.

Service income growth projections have been revised to 25%-30%, down from a previously stated target of 50%. The key business composition targets are outlined below:

Navigating Middle East Challenges

Despite acknowledging challenges in the Middle East, the company has chosen to maintain its FY27 revenue target of ₹2100 crore without revision. The strong domestic order pipeline, particularly in the Equipment Division and the Air Compressor Division, appears to be providing a counterbalance to the international headwinds the company is facing.

The combination of record order inflows across divisions, a clearly defined margin target, and a structured long-term business mix strategy reflects the company's focus on sustained operational performance across its core segments.