KSB Limited Board of Directors accepted the resignation of M/s Price Waterhouse Chartered Accountants, LLP as statutory auditor during a meeting held on April 30, 2026. The resignation was tendered by the Pune-based firm following a management request to appoint auditors affiliated to the intermediate holding company outside India.

Auditor Transition Details

The Board noted that there were no concerns or reasons of any nature highlighted by the outgoing auditor with respect to their resignation. Price Waterhouse Chartered Accountants, LLP was initially appointed at the Annual General Meeting held on April 26, 2017, for five consecutive financial years from January 1, 2017 to December 31, 2021. The firm was subsequently re-appointed at the Annual General Meeting held on May 11, 2022, for a second term of five consecutive financial years from January 1, 2022 to December 31, 2026.

New Auditor Appointment

Based on the recommendation of the Audit Committee and subject to the approval of the members of the company, the Board approved the appointment of M/s B S R & Co. LLP as the new statutory auditor to fill the casual vacancy caused by the resignation. The appointment is subject to shareholder approval at the Ensuing Annual General Meeting scheduled to be held on May 20, 2026.

The Board has recommended the appointment of M/s B S R & Co. LLP for a term of five years to hold office from the conclusion of the 66th Annual General Meeting till the conclusion of the 71st Annual General Meeting. B S R & Co. LLP was constituted on March 27, 1990, as a partnership firm and converted into a limited liability partnership on October 14, 2013.

Firm Profile and Compliance

B S R & Co. LLP is a member entity of B S R & Affiliates, a network registered with the Institute of Chartered Accountants of India, with over 4000 staff and 170+ Partners across 14 locations. Prior to resignation, Price Waterhouse issued its audit report dated February 25, 2026, on the standalone and consolidated financial statements for the year ended December 31, 2025, and the limited review report dated April 30, 2026, on the unaudited standalone and consolidated financial results for the quarter ended March 31, 2026.

The Board Meeting commenced at 12 p.m. (IST) and concluded at 2.45 p.m. (IST). The Board and the Audit Committee placed on record their appreciation for the continuous support provided by M/s Price Waterhouse Chartered Accountants, LLP during their tenure as the Statutory Auditor of the company. The information regarding the change in auditors will be hosted on the company's website at www.ksbindia.co.in .

Canadian Kay Pump Limited, promoter of ksb , has submitted a disclosure to BSE Limited and National Stock Exchange of India Limited under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover Regulations), 2011. The disclosure dated 2nd April, 2026, pertains to the shareholding position as on 31st March, 2026.

Shareholding Details

Canadian Kay Pump Limited declared that it holds 7,05,54,240 equity shares of KSB Limited as on 31st March, 2026. The company confirmed its status as promoter of KSB Limited in the disclosure addressed to the stock exchanges.

Encumbrance Status

The disclosure further confirmed that Canadian Kay Pump Limited has not created any encumbrance over the shares held by it, directly or indirectly, in KSB Limited during the financial year ended 31st March, 2026. This confirmation was provided pursuant to the regulatory requirements under SEBI regulations.

The disclosure was signed by Ms. Paulina Konopacka, CPA, CGA, Managing Director of Canadian Kay Pump Limited, on behalf of the company. The stock exchanges have been requested to take the disclosure on their records.