kirloskar brothers has announced the cessation of three independent directors from its board following the completion of their respective five-year terms. The intimation was made to the stock exchanges on May 24, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The directors who have ceased to hold office include Mr. Shobinder Duggal, Mr. Shrinivas Dempo, and Ms. Ramni Nirula. All three were serving as Non-Executive and Independent Directors. Their tenure concluded at the end of business hours on May 24, 2026.

As a result of stepping down from the board, the directors have also ceased to be members of the various committees of the company. The company confirmed that the change was due solely to the completion of their five-year terms.

The details of the change in directorship were submitted in accordance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The relevant information has been provided to BSE Limited and the National Stock Exchange of India Ltd.

The following table summarizes the details of the directors who have ceased to hold office:

Kirloskar Brothers Limited has uploaded the transcript of its conference call with analysts and investors regarding the audited financial results for the quarter and financial year ended March 31, 2026. The call was held on May 15, 2026, and the transcript has been uploaded to the company's website in compliance with SEBI regulations. The Board had previously approved the standalone and consolidated results on May 13, 2026, recommending a final dividend of ₹7.00 per equity share for the financial year 2025-26.

Financial Performance Overview

For the financial year ended March 31, 2026, the company reported a consolidated revenue from operations of ₹45,380 million, compared to ₹44,922 million in the previous year. Consolidated net profit for the year stood at ₹3,772 million, compared to ₹4,187 million in the prior year. On a standalone basis, revenue from operations was ₹28,281 million versus ₹29,014 million previously, while standalone net profit was ₹2,390 million against ₹2,621 million.

Management Commentary

During the conference call, management highlighted that the consolidated revenue for Q4 FY26 stood at ₹14.151 billion, marking a 10% year-on-year growth. Full-year revenue reflected a marginal growth of 1%. The performance was impacted by exceptional items of ₹389 million for the financial year, primarily due to the implementation of new Labour Codes. The company also noted temporary operational disruptions at its foundry due to SAP-based ERP implementation, which has now largely stabilized.

Order Book and Outlook

The domestic order book stands at ₹24.680 billion, registering a growth of 30% over the previous year, while the international order book grew 21% year-on-year to ₹14.808 billion. Management expressed optimism regarding the growth trajectory, backed by a healthy mix of domestic and international business and a robust order pipeline. The company continues to focus on operational excellence and strict commercial policies to ensure sustainable growth.