Kirloskar Pneumatic Company Limited has secured the leadership of its top executive for the next five years, with shareholders approving the reappointment of Rahul C. Kirloskar as Executive Chairman. The decision, taken during the Annual General Meeting on July 21, 2026, ensures continuity at the helm of the company starting January 23, 2027.

The reappointment designates Rahul C. Kirloskar as a Whole-Time Director with the title of Executive Chairman. This governance move was communicated to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015.

Appointment Details

The resolution passed by the members grants a five-year tenure to the incumbent. The specific details required under SEBI LODR and the relevant Master Circular were previously disclosed in an earlier filing dated April 27, 2026.

The company confirmed that all necessary disclosures regarding the appointment have already been submitted to the stock exchanges in compliance with regulatory guidelines.

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

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.