Kirloskar Pneumatic appoints Ranganath Krishna as Independent Director

Kirloskar Pneumatic Company Limited has appointed Mr. Ranganath Nuggehalli Krishna as an Independent Director following shareholder approval at its Annual General Meeting. The appointment is effective from April 28, 2026, and extends until March 12, 2031. This governance move strengthens the board's composition as the company continues its operations under the Kirloskar Group banner.

The shareholders approved the appointment through a Special Resolution during the Annual General Meeting held on July 21, 2026. 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.

Appointment Details

The company had previously disclosed the necessary details regarding Mr. Krishna's appointment in its filing dated April 27, 2026. These disclosures were made in compliance with the Master Circular issued by the Securities and Exchange Board of India (SEBI) on January 30, 2026.

Director Details	Information
Name	Ranganath Nuggehalli Krishna
DIN	00004044
Designation	Independent Director
Term Start	April 28, 2026
Term End	March 12, 2031

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

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.08%	-8.64%	-23.56%	+47.28%	+7.77%	+160.71%

Kirloskar Pneumatic Company Ltd shareholders have approved a total dividend of ₹12 per share for the financial year ended March 31, 2026, and sanctioned the subdivision of equity shares from a face value of ₹2 to ₹1 per share. The resolutions were passed during the company's 51st Annual General Meeting (AGM) held on July 21, 2026, via video conferencing. The total dividend comprises a final dividend of ₹8.50 and a confirmed interim dividend of ₹3.50. The meeting also authorized alterations to the capital clause in the Memorandum of Association to reflect the new authorized share capital of ₹37.50 crore divided into 37.50 crore equity shares of ₹1 each.

The scrutinizer's report, submitted by Sridhar Mudaliar of SVD & Associates, confirmed the voting outcomes. Remote e-voting was conducted from July 18, 2026, to July 20, 2026, with 67 shareholders attending the meeting through video conferencing. All proposed resolutions were passed with the required majority. The re-appointment of statutory auditors Kirtane & Pandit LLP and the ratification of remuneration for cost auditor M/s Sudhir Govind Jog were also approved.

Auditor Re-appointment

Kirtane & Pandit LLP, Chartered Accountants, was re-appointed as the Statutory Auditor of the company for a second term of 5 consecutive years. The term commences from the conclusion of the 51st AGM and concludes at the end of the 56th AGM. The firm, established in 1956, has a team of 36 partners and a staff strength of over 1,100 professionals.

Key Resolutions and Voting Results

Resolution Description	Type	Votes In Favour	% of Valid Votes
Adoption of Audited Financial Statements for FY26	Ordinary	4,42,40,113	99.99997%
Dividend of ₹8.50 and confirmation of ₹3.50 interim dividend	Ordinary	4,42,40,113	99.99997%
Re-appointment of Kirtane & Pandit LLP as Statutory Auditors	Ordinary	4,27,63,227	96.66163%
Ratification of Cost Auditor remuneration	Ordinary	4,42,40,112	99.99996%
Appointment of Mr. Ranganath Nuggehalli Krishna as Independent Director	Special	4,42,40,113	99.99997%
Re-appointment of Mr. Rahul C. Kirloskar as Executive Chairman	Ordinary	3,32,46,573	90.47560%
Payment of remuneration exceeding SEBI limits to promoter directors	Special	2,77,80,932	75.60208%
Sub-division of equity shares from ₹2 to ₹1 face value	Ordinary	4,42,39,323	99.99818%
Alteration of Capital Clause regarding authorized share capital	Ordinary	4,42,40,112	99.99996%

Executive and Board Appointments

Shareholders approved the appointment of Mr. Ranganath Nuggehalli Krishna as an Independent Director for a term ending March 12, 2031, effective April 28, 2026. The re-appointment of Mr. Rahul C. Kirloskar as Executive Chairman and Whole-Time Director for a further five years starting January 23, 2027, was confirmed. A special resolution was passed to approve the payment of remuneration to Executive Directors who are Promoters or Members of the Promoter Group, specifically Mr. Aman Kirloskar, Managing Director, and Mr. Rahul C. Kirloskar, Executive Chairman, which may exceed the threshold limits prescribed under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.