Kirloskar Industries Limited has updated stock exchanges regarding a significant corporate action by its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). The company disclosed that KFIL has allotted equity shares under its employee stock option schemes, as mandated under regulatory compliance requirements.

Share Allotment Details

KFIL's Stakeholders Relationship Committee approved the allotment of equity shares through a circular resolution passed on January 6, 2026. The allotment pertains to the exercise of stock options under the company's employee stock option schemes.

Impact on Share Capital

Following the allotment, KFIL's capital structure has been revised upward. The company's issued, subscribed and paid-up share capital has increased substantially from the previous level.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kirloskar Industries Limited, being the parent company, informed both BSE Limited and National Stock Exchange of India Limited about this material development in its subsidiary.

KFIL, as a listed material subsidiary, separately communicated the allotment details to stock exchanges where its shares are traded. The company secretary Mayuresh Gharpure signed the regulatory filing on behalf of KFIL, while Ashwini Mali, Company Secretary of Kirloskar Industries Limited, handled the parent company's disclosure obligations.

Corporate Structure Context

The transaction reflects the ongoing implementation of KFIL's employee stock option schemes, designed to provide equity participation opportunities to employees. Such schemes typically serve as retention and incentive tools for key personnel while gradually expanding the company's equity base through employee participation.

Kirloskar Industries Limited has announced the appointment of Rohan Sapkal as Head Human Resources, effective January 1, 2026. The company made this disclosure in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, referencing an earlier intimation submitted to stock exchanges on November 14, 2025.

Key Appointment Details

The Board of Directors approved Sapkal's appointment based on recommendations from the Nomination and Remuneration Committee during their meeting held on November 14, 2025. The appointment aligns with the company's strategic human resources initiatives and organizational development goals.

Professional Background

Rohan Sapkal brings extensive experience in managing comprehensive HR functions across large, matrixed organizations. He is currently leading group-level and business-specific HR initiatives at the Kirloskar Group, demonstrating significant expertise in multiple areas:

• Talent management and leadership hiring
• Employee engagement strategies
• Cross-functional project leadership
• Building scalable HR programs
• Fostering organizational culture development
• Performance enhancement initiatives
• Strategic business alignment

Sapkal is recognized for his ability to build scalable HR programs that foster strong organizational culture, enhance performance, and ensure strategic business alignment across the organization.

Regulatory Compliance

The appointment disclosure complies with multiple SEBI regulations and circulars, including Regulation 30 read with clauses 7 of Para A of Part A of Schedule III of the Listing Regulations. The company has provided comprehensive details as required under various SEBI circulars dated September 9, 2015, July 13, 2023, November 11, 2024, and December 31, 2024.

Additional Corporate Developments

The announcement comes as part of broader organizational changes at Kirloskar Industries, which also include multiple board appointments and the designation of a new Chief Financial Officer, all approved during the November 14, 2025 board meeting. The company continues to strengthen its leadership team across key functional areas to support its strategic objectives and operational excellence initiatives.