Kirloskar Pneumatic Company Limited has scheduled its 51st Annual General Meeting (AGM) for Tuesday, July 21, 2026, at 3:00 p.m. IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting follows a landmark financial year in which the company reported all-time highs across revenue, profitability, order booking, and dividend payout.

FY26 Financial Performance

The company delivered strong standalone and consolidated financial results for the year ended March 31, 2026. Standalone revenue from operations grew 8% year-on-year, while net profit rose 22% over the previous year. The following table summarises the key financial highlights:

According to Executive Chairman Rahul C. Kirloskar, the company reported Total Income of ₹17,860 million compared to ₹16,510 million in FY25, while Profit Before Tax increased to ₹3,560 million, registering a growth of 25% over the previous year. The EBITDA margin improved to 21.7% of total sales from 18.9% in the previous year. The company maintained its debt-free status, with a net cash position of approximately ₹4,600 million as on March 31, 2026.

Record Dividend and Stock Split

The Board of Directors has recommended a total dividend of 600% for FY 2025-26, marking the highest dividend payout in the company's history. This comprises a proposed final dividend of 425% (₹8.50 per share of ₹2/- face value), subject to shareholder approval at the AGM, in addition to the interim dividend of 175% (₹3.50 per share) already declared during the year.

The Board also approved a stock split in the ratio of 1:2, subject to requisite approvals, sub-dividing each equity share of ₹2/- face value into two equity shares of ₹1/- each. The authorised share capital post-split will be ₹37,50,00,000 divided into 37,50,00,000 equity shares of ₹1/- each.

Key Business Developments

FY26 was marked by several strategic milestones. Order inflow crossed ₹20,000 million during the year, reflecting sustained demand across the company's business lines. The Compression Systems segment registered revenue of ₹16,437 million compared to ₹15,287 million in the previous year, accounting for more than 90% of total revenue.

The Government of India provisionally selected the company in the 4th Round of the Production-Linked Incentive (PLI) Scheme for White Goods, for manufacturing compressors, motors, heat exchangers, and sheet metal components, with a capital commitment of ₹320 Crores. New products launched during the year include the Tyche semi-hermetic reciprocating compressor, Khione screw compressors, Tezcatlipoca centrifugal compressors, and the Zephyros range. The company also established a new foundry at Nashik using lost foam casting technology as part of its backward integration strategy.

AGM Agenda and E-Voting Schedule

The 51st AGM will cover ordinary and special business items including adoption of audited financial statements, declaration of final dividend, re-appointment of directors, re-appointment of statutory auditors Kirtane & Pandit LLP for a second term of five years, appointment of a new independent director Mr. Ranganath Nuggehalli Krishna, re-appointment of Mr. Rahul C. Kirloskar as Executive Chairman for a further five-year term from January 23, 2027, and approval of the equity share sub-division.

Shareholders may cast votes remotely using the NSDL electronic voting system. The schedule for e-voting and key AGM dates is as follows:

Members attending through VC or OAVM will be counted for quorum purposes under Section 103 of the Companies Act, 2013. Shareholders wishing to ask questions must register as a 'Speaker' by sending a request from their registered email ID to sec@kirloskar.com at least five days in advance, by Thursday, July 16, 2026. Queries regarding audited financial statements should be sent at least seven days prior to the meeting. The Annual Report for FY 2025-26 has been dispatched electronically to shareholders whose email addresses are registered with the company or its Registrar and Share Transfer Agent, MUFG Intime India Private Limited.

Leadership and Governance

FY 2025-26 marked a significant leadership transition. Mr. K. Srinivasan ceased to be Managing Director with effect from April 1, 2026 upon completion of his term. Mr. Aman Kirloskar was appointed as Director and Managing Director of the company with effect from April 1, 2026, as approved by members through postal ballot on March 22, 2026. Mr. Ranganath Nuggehalli Krishna (DIN: 00004044) was co-opted as an Additional Director in the category of Independent Director with effect from April 28, 2026, and his appointment is proposed for shareholder approval at the 51st AGM for a term from April 28, 2026 to March 12, 2031.

Kirloskar Pneumatic Company Ltd has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, obtaining reasonable assurance on core indicators from BDO India Services Private Ltd. The report outlines the company's environmental, social, and governance performance, including a significant increase in renewable energy usage and the maintenance of safety standards across its operations.

The company reported that renewable energy sources accounted for 15% of its total electricity requirement during FY26, up from 1.5% in FY23. Total energy consumption stood at 71,065.63 GJ, while total Scope 1 and Scope 2 greenhouse gas emissions were recorded at 11,282.03 metric tonnes of CO2 equivalent. The company achieved zero fatalities for the reporting period, with a Lost Time Injury Frequency Rate (LTIFR) of 0.18 for employees and 0 for workers.

ESG Commitments and Governance

Kirloskar Pneumatic has established specific ESG targets for 2030 to accelerate its sustainability journey. These commitments include increasing renewable energy usage to 50% of total energy requirements, achieving 100% waste recycling with zero waste to landfill, and reducing water consumption by 25% to attain Zero Liquid Discharge (ZLD) status. On the social front, the company aims to maintain zero fatal accidents and achieve a diversity of 12% female employees and 3% differently abled personnel by 2030.

The Managing Director oversees the implementation of Business Responsibility policies, reporting progress to the Board. The company has constituted a Core ESG Committee, an Environment Conservation Committee (EnCon), and a War on Waste Committee (WoW) to drive key ESG initiatives. Governance structures include a majority independent Board and active committees overseeing audit, risk management, and stakeholder relations.

Operational and Financial Metrics

The company’s operations span three plants and 11 offices nationally, with a presence in 27 countries. Exports contributed 6% to the total turnover. The workforce comprised 1,050 employees and 878 workers as of March 31, 2026. Women represented 8% of the total workforce and 12.50% of the Board of Directors.

The table below summarizes key operational and financial metrics disclosed in the report:

Stakeholder Engagement and Materiality

Kirloskar Pneumatic identified 12 material issues through a reassessment conducted by an independent third-party agency. Key focus areas include business ethics, human capital development, occupational health and safety, innovation, and climate action. The company engages with stakeholders through various channels, including annual general meetings, supplier meets, and CSR initiatives.

The report also details the company's value chain disclosures, covering partners contributing to 2% of purchases or sales value, cumulatively covering up to 75% of total value. The assurance engagement covered the company's standalone operations for the period from April 1, 2025, to March 31, 2026.