Kirloskar Brothers Limited (KBL), a leading pump manufacturing company, has initiated a postal ballot to seek shareholder approval for the appointment of Mr. Harsh Vardhan Shringla as an Independent Director. The company's Board of Directors has recommended his appointment for a five-year term, subject to shareholder approval through e-voting.

Proposed Appointment Details

Mr. Shringla, aged 63, was appointed as an Additional Director in the category of Independent Director by the KBL Board, effective August 02, 2025. If approved, his term as an Independent Director would extend from August 02, 2025, to August 01, 2030.

Distinguished Career

Mr. Harsh Vardhan Shringla brings a wealth of experience in diplomacy and international relations to the KBL board. His impressive career highlights include:

• Former Foreign Secretary of India (2020-2022)
• Chief Coordinator for India's G20 Presidency (2022-2023)
• Ambassador of India to the United States, Bangladesh, and Thailand
• Extensive experience in multilateral diplomacy, including work with the UN Security Council, UNESCAP, and UNESCO

E-Voting Process

KBL has set up an e-voting process for shareholders to cast their votes on this resolution:

• E-voting period: August 12, 2025 (9:00 AM IST) to September 10, 2025 (5:00 PM IST)
• Cut-off date for voting eligibility: August 08, 2025
• The resolution requires approval as a Special Resolution

Regulatory Compliance

The appointment is subject to Regulation 25(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. If the special resolution fails to get the requisite majority but receives more favorable votes than against, and public shareholders' votes in favor exceed those against, the appointment will be deemed approved under this regulation.

Board's Recommendation

The Board of Directors of Kirloskar Brothers Limited recommends the appointment of Mr. Harsh Vardhan Shringla, citing his expertise in geopolitics, international relations, and conflict prevention as valuable additions to the company's leadership.

Shareholders of Kirloskar Brothers Limited are encouraged to participate in the e-voting process to decide on this significant board appointment. The results of the postal ballot will be declared within the statutory timelines and posted on the company's website and stock exchanges.

Kirloskar Brothers Limited (KBL), a leading pump manufacturing company, reported a 5% year-on-year decline in consolidated revenue for the first quarter, amounting to Rs 979 crores. Despite the revenue dip, the company managed to improve its EBITDA margins and order inflows.

Financial Highlights

Performance Analysis

The company's quarterly performance was impacted by several factors:

1. Early Monsoon Impact: An early onset of monsoon dampened demand for small pumps in the agricultural sector.
2. Industrial Segment Resilience: The industrial segment continued to show strong demand, highlighting the company's diversified product portfolio.
3. International Business Challenges: The international business saw a modest 2% degrowth, primarily due to election-related delays in the US and Thailand markets.
4. Margin Improvement: Despite revenue challenges, EBITDA margins expanded, supported by softening raw material prices and operational efficiency initiatives.

Segment-wise Performance

Standalone Domestic Business

• Revenue: Rs 621.00 crores (7% YoY decline)
• EBITDA: Rs 79.00 crores (10% YoY growth)
• EBITDA Margin: 12.70% (200 bps improvement)
• Order Book: Rs 1,929.00 crores (excluding small pump business)

International Business

• Modest 2% degrowth
• Strong performance by SPP (UK) driven by robust order book execution
• Overseas pending order book: Rs 1,268.00 crores

Management Commentary

Sanjay Kirloskar, Chairman and Managing Director, commented on the results: "Our quarterly performance was impacted by adverse seasonal trends and external geopolitical factors. However, our strategic focus on operational excellence continued to yield results, supporting profitability even in a subdued demand environment."

Future Outlook

While the company faced challenges in Q1, management remains optimistic about future growth prospects:

1. Expecting momentum to improve in the coming quarters
2. Strong order inflows in both domestic and international markets
3. Continued focus on operational efficiency and cost optimization
4. Robust order book providing visibility for future growth

Kirloskar Brothers Limited continues to navigate through market challenges while maintaining its focus on operational excellence and margin improvement. The company's diverse product portfolio and strong presence in both domestic and international markets position it well for future growth opportunities.