Kirloskar Electric Company Limited has announced a postal ballot notice to seek shareholder approval for a related party transaction involving the appointment of Ms. Janaki Kirloskar as Chief Executive Officer of the company. The appointment, effective from February 11, 2026, requires member approval due to the familial relationship between Ms. Janaki Kirloskar and existing board members.

Related Party Transaction Details

The proposed appointment constitutes a related party transaction under Section 188(1)(f) of the Companies Act, 2013, as Ms. Janaki Kirloskar is the daughter of Mr. Vijay R. Kirloskar, Executive Chairman, and Mrs. Meena Kirloskar, Vice Chairperson and Director. She is also the sister of Ms. Rukmini Kirloskar, who serves as a Director of the company.

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, approved the appointment at its meeting held on February 11, 2026. The Audit Committee also approved the related party transaction on the same date.

E-Voting Schedule and Process

The company has engaged Central Depository Services (India) Limited (CDSL) to provide remote e-voting facility to members. The postal ballot will be conducted exclusively through electronic voting means.

Members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of February 27, 2026, are entitled to vote on the resolution. The voting rights will be proportionate to their shareholding of the paid-up equity share capital as on the cut-off date.

Regulatory Compliance and Approvals

The appointment requires member approval as the monthly remuneration exceeds ₹2,50,000, as stipulated under Section 188(1)(f) of the Companies Act, 2013, read with Rule 15(3)(b) of the Companies (Meetings of Board and its Powers) Rules, 2014. The transaction also falls under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. K Chandra Sekhar, Practicing Company Secretary (ACS No. 14441/PCS No. 24363), has been appointed as Scrutinizer to conduct the postal ballot process in a fair and transparent manner. The notice has been sent electronically to members whose email addresses are registered with the company as on the cut-off date.

Board Recommendation

The Board of Directors has recommended the resolution for approval, stating that the proposed remuneration is commensurate with industry standards, Ms. Janaki Kirloskar's responsibilities, and the size and operations of the company. The Board believes the appointment is in the best interest of the company, considering her qualifications, experience, and expertise.

Except for Mr. Vijay R. Kirloskar, Mrs. Meena Kirloskar, and Ms. Rukmini Kirloskar, being relatives of Ms. Janaki Kirloskar, no other Directors, Key Managerial Personnel, or their relatives have any financial or other interest in the proposed resolution.

Kirloskar Electric Company Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance and improved profitability metrics. The Board of Directors approved these results at their meeting held on February 11, 2026.

Financial Performance Highlights

The company's standalone financial performance showed significant improvement across key parameters during Q3FY26. Revenue from operations reached ₹15,511 lakhs, representing a substantial 27.9% increase compared to ₹12,130 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company maintained its growth trajectory with total income from operations reaching ₹43,751 lakhs. Net profit after tax for the nine-month period stood at ₹1,139 lakhs, while basic earnings per share reached ₹1.71.

Consolidated Results

On a consolidated basis, the company reported total income from operations of ₹15,510 lakhs for Q3FY26, compared to ₹12,131 lakhs in Q3FY25. Consolidated net profit after tax was ₹410 lakhs for the quarter, showing consistent performance across the group.

Regulatory Compliance and Governance

The unaudited financial results have been reviewed by the Audit Committee and approved by the Board of Directors. The results have undergone limited review by the company's statutory auditors and comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Capital and Corporate Information

The company maintains an equity share capital of ₹6,641 lakhs, remaining unchanged across all reported periods. Kirloskar Electric Company Limited, incorporated in 1946, operates from its registered office in Bengaluru and continues to strengthen its position in the electrical equipment manufacturing sector.