Sri KPR Industries intends to resume arbitration proceedings against Siemens Gamesa Renewable Private Limited following the failure of settlement negotiations. The dispute concerns the collapse of a 2MW wind turbine generator (WTG) located in Madhya Pradesh.

The company disclosed on September 21, 2026, that Siemens Gamesa initiated discussions and negotiations during June 2026 to resolve the issue amicably. Despite several rounds of talks, the proposed settlement could not be resolved.

Procedural Status

Sri KPR Industries will return to the Arbitral Tribunal for continuation of the proceedings. This follows a timeline of disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key dates in the dispute include:

• May 18, 2023: Disclosure of WTG collapse.
• May 31, 2023: Issuance of legal notice.
• July 23, 2024: Filing of petition in the Madras High Court.
• December 24, 2024: Appointment of arbitrator by the Madras High Court on behalf of Siemens Gamesa.
• May 16, 2025: Update on pending case before the tribunal.

What the Numbers Show

The source document contains no financial figures, revenue data, or balance sheet metrics. Consequently, no analytical observation regarding financial performance or operational impact can be derived from this filing.

Sri KPR Industries has appointed Sudhakar Chittepu as an Independent Director and re-appointed Kishan Reddy Nalla as Managing Director. The board also approved the continuation of Bhoopal Reddy Aleti as whole-time director after attaining the age of 70 years.

The Board of Directors made these decisions during its meeting held on August 31, 2026. Based on recommendations from the Nomination and Remuneration Committee, the board approved these appointments subject to the approval of the members of the Company.

New Appointments and Re-Appointments

Sudhakar Chittepu (DIN: 11899304) was appointed as an Independent Director not liable to retire by rotation. His term is for five consecutive years commencing from August 31, 2026, to August 30, 2031.

Kishan Reddy Nalla (DIN: 00038966) was re-appointed as Managing Director liable to retire by rotation. His term is for five consecutive years commencing from November 14, 2026, to November 13, 2031.

Bhoopal Reddy Aleti (DIN: 00043263) will continue as a whole-time director after attaining the age of 70 years.

Chairman Re-designation and Committee Changes

Amarnath Narsing Rao Basha has been re-designated as Chairman, effective October 1, 2026. This follows the expiration of the second and final term of outgoing Chairman Naveena Thammishetty Chandra on September 30, 2026. Chandra ceases to be a director at the close of business hours on that date.

The board also reconstituted the Audit Committee and the Nomination and Remuneration Committee with effect from October 1, 2026. These changes align with Regulations 18 and 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Audit Committee Changes

Amarnath Narsing Rao Basha has been appointed as the Chairman of the Audit Committee, replacing Naveena Thammishetty Chandra. Sudhakar Chittepu joins as a member. The committee now comprises three directors:

Nomination and Remuneration Committee Changes

Sudhakar Chittepu has been appointed as the Chairperson of the Nomination and Remuneration Committee, replacing Amarnath Narsing Rao Basha. Basha continues as a member of this committee alongside Vineel Reddy Nalla.

The company disclosed these developments under Regulation 30 of the SEBI LODR Regulations, 2015. The disclosure was signed by Director Srinath Reddy Nalla.