Shareholders approve ₹12 dividend and share split at AGM

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 and the ratification of remuneration for cost auditor M/s Sudhir Govind Jog were also approved.

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 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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.17%	-9.65%	-24.41%	+45.65%	+6.57%	+157.83%

Kirloskar Pneumatic Company Ltd reported a 21% year-on-year increase in standalone net profit to ₹34 Cr for the quarter ended June 30, 2026, driven by improved operational efficiencies. Revenue from operations grew 10% to ₹300 Cr, while Profit Before Tax (PBT) outpaced revenue growth, rising 24% to ₹46 Cr. The compression business remains the primary revenue driver, accounting for approximately 94% of the company's revenue.

Aman Kirloskar, Managing Director, attributed the performance to stable business execution in a dynamic environment, emphasizing the focus on strategic priorities and product portfolio expansion. The company launched the A-800 centrifugal compressor under the Tezcatlipoca range and introduced Tonalli, a compact biogas solution designed for factories, hotels, and restaurants generating 100 kg to 250 kg of food waste per day.

The company’s credit rating was upgraded to AA from AA(-) with a stable outlook by CRISIL, reaffirming strong financial fundamentals and robust liquidity. Orders on hand as of July 1, 2026, stood at ₹1,853 Cr, compared to ₹1,863 Cr at the beginning of the year. Additionally, Systems & Components India Pvt. Ltd. became a wholly owned subsidiary of the company effective May 4, 2026.