Kirloskar Brothers Limited (KBL) has announced that the National Company Law Tribunal (NCLT) Mumbai Bench has approved the scheme of amalgamation between two of its wholly-owned subsidiaries. The merger involves The Kolhapur Steel Limited (TKSL) as the transferor company and Karad Projects And Motors Limited (KPML) as the transferee company.

Key Details of the Amalgamation

Business Overview of the Merging Entities

• TKSL: Engaged in steel castings and metal fabrication
• KPML: Manufactures energy-efficient motors and related components

Objectives of the Amalgamation

The merger aims to achieve several strategic benefits:

1. Operational efficiencies
2. Simplification of corporate structure
3. Reduction in administrative costs
4. Optimization of resource utilization

Impact on Shareholding

As both companies are wholly-owned subsidiaries of Kirloskar Brothers Limited, there will be no issuance of new shares, and KBL's shareholding pattern will remain unchanged.

Regulatory Concerns and NCLT Approval

The Income Tax Department raised concerns about potential tax avoidance through carry-forward losses. However, the NCLT approved the scheme after reviewing all regulatory reports and undertakings from the companies involved.

Next Steps

The scheme will be made effective upon filing of the certified copy of the NCLT order with the Registrar of Companies, Maharashtra at Pune, by both the transferor and transferee companies.

This strategic move by Kirloskar Brothers Limited is expected to streamline operations and enhance overall efficiency within the group structure.

Kirloskar Brothers Limited (KBL), a leading player in the fluid management industry, has announced its financial results for the second quarter and half-year ended September 30, 2025, along with a key board appointment.

Financial Performance

KBL reported the following financial performance for Q2 FY2025-26:

The company's consolidated performance showed:

New Board Appointment

KBL's Board of Directors has approved the appointment of Mr. Brij Bhushan Nagpal as an Additional Director in the category of Independent Director. Key points about the appointment include:

• Term: 5 years, effective from November 3, 2025
• Subject to shareholder approval
• Brings over 40 years of experience in corporate management, finance, and governance
• Previously served as Executive Director at Luminous Power Technologies, a Schneider Electric subsidiary

Mr. Nagpal's extensive experience is expected to bring valuable insights to KBL's board, particularly in areas of strategic planning, business management, and corporate governance.

Financial Overview

Despite a 5.80% year-on-year decrease in standalone revenue from operations, Kirloskar Brothers maintained profitability. The consolidated revenue showed a marginal decline of 0.80% compared to the same quarter in the previous fiscal year.

While profit figures decreased both on a standalone and consolidated basis, the company continued to generate positive earnings in a challenging market environment.

Conclusion

Kirloskar Brothers Limited's Q2 FY2025-26 results reflect the company's resilience in the face of market challenges. The appointment of Mr. Nagpal as an Independent Director aligns with KBL's commitment to strengthening its corporate governance and bringing diverse expertise to its board.

Note: All financial figures are in Indian Rupees (₹) and are based on the standalone financial results unless otherwise specified.