Kirloskar Ferrous Industries Limited , a prominent player in the Indian ferrous industry, has announced the deregistration of its Luxembourg-based subsidiary, ISMT Enterprises SA. This strategic move marks the end of the corporate relationship between Kirloskar Ferrous and its European subsidiary.

Deregistration Process

According to a regulatory filing by Kirloskar Ferrous, ISMT Enterprises SA's name has been officially deleted from the Luxembourg Trade Registry. The company received a Certificate of Deregistration dated September 1, 2025, confirming the completion of the process. As a result, ISMT Enterprises SA has ceased to be a subsidiary of Kirloskar Ferrous Industries Limited.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kirloskar Ferrous promptly informed the BSE Limited about this development. The company's Company Secretary, Mayuresh Gharpure, signed the official communication to the stock exchange.

Implications and Outlook

The deregistration of ISMT Enterprises SA signifies a change in Kirloskar Ferrous' international corporate structure. While the specific reasons for this decision were not disclosed in the available information, such moves are often part of broader corporate restructuring efforts aimed at streamlining operations or realigning business focus.

Investors and stakeholders will likely be keen to understand the potential impact of this deregistration on Kirloskar Ferrous' overall business strategy and international operations.

Kirloskar Ferrous Industries Limited, part of the Kirloskar Group, maintains its registered office in Pune, Maharashtra. The company continues to be a significant entity in the Indian ferrous sector.

Kirloskar Ferrous Industries Limited , a prominent player in the ferrous industry, recently held its 34th Annual General Meeting (AGM) on August 4, 2025, where shareholders approved key appointments and financial matters.

New Director Appointment

The company announced the appointment of Ms. Aditi Atul Kirloskar as a Director liable to retire by rotation. This appointment was approved by the shareholders, with 99.97% of votes cast in favor of the resolution. Ms. Kirloskar's addition to the board is expected to bring fresh perspectives to the company's leadership.

Secretarial Auditor Appointment

In a move to ensure continued compliance and corporate governance, the AGM approved the appointment of M/s. M. J. Risbud & Co, Company Secretaries, as the Secretarial Auditor for an extended period. The firm will hold office for a five-year term, from the conclusion of the 34th AGM until the 39th AGM, covering financial years from March 31, 2026, to March 31, 2030. This resolution received overwhelming support, with 100.00% of votes in favor.

Other Key Resolutions

The AGM also addressed several other important matters:

1. Financial Statements Adoption: Shareholders approved the Audited Financial Statements (including Consolidated Financial Statements) for the financial year ended March 31, 2025, along with the Reports of the Board of Directors and Auditors.

2. Dividend Confirmation: The payment of Interim Dividend on equity shares was confirmed, and a Final Dividend was declared for the financial year ended March 31, 2025.

3. Director Reappointment: Mr. Rahul Chandrakant Kirloskar was reappointed as a Director, with 99.84% of votes in favor.

4. Cost Auditor Remuneration: The remuneration of M/s. Dhananjay V. Joshi & Associates as the Cost Auditor was ratified.

5. Fundraising Authority: The Board of Directors received authority to borrow or raise funds not exceeding ₹1,000 Crores through the issuance of Non-convertible Debentures in one or more tranches on a private placement basis.

Shareholder Participation

The AGM, conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM), saw participation from 70 shareholders, including 9 from the Promoter and Promoter Group and 61 from the public. The total number of shareholders on the record date (July 28, 2025) was 106,695.

Kirloskar Ferrous Industries Limited continues to demonstrate strong corporate governance practices and shareholder engagement through these proceedings. The appointment of new leadership and the approval of key financial and operational decisions indicate the company's focus on growth and compliance in the coming years.