Kirloskar Electric Company's Independent Director Dr. Ashok Misra Concludes Second Term

Kirloskar Electric Co Limited (KECL) has announced the completion of Dr. Ashok Misra's second term as an Independent Director. The company disclosed this information in a regulatory filing to the stock exchanges on November 4, 2025.

Key Details of Dr. Misra's Departure

Aspect	Details
Director Name	Dr. Ashok Misra
DIN	00006051
Position	Independent Director
Term Completed	Second term of five consecutive years
Effective Date of Cessation	November 4, 2025 (close of business hours)
Committee Memberships Ceased	Audit Committee, Nomination and Remuneration Committee

Impact on Board Composition

The company stated that there is no requirement to reconstitute the board committees following Dr. Misra's retirement. KECL affirmed that the composition of the committees remains in compliance with SEBI LODR Regulations and the Companies Act, 2013.

Board's Acknowledgement

The Board of Directors expressed their sincere gratitude for Dr. Misra's invaluable contributions during his tenure. They specifically acknowledged and appreciated his professional guidance and support to the company.

Regulatory Compliance

This announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Additional Corporate Updates

In a separate announcement on the same day, KECL informed that a Board of Directors meeting is scheduled for November 11, 2025, to consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2025. The company also notified that the trading window for dealing in company securities will remain closed until November 13, 2025, in line with the company's Code of Conduct.

Investors and stakeholders of Kirloskar Electric Company Limited should take note of these corporate governance updates.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.92%	-3.08%	-7.05%	-15.95%	-35.86%	+871.38%

Kirloskar Electric Co , a prominent player in the electrical equipment industry, has taken a significant step in its organizational restructuring efforts. The company's Board of Directors has approved a Voluntary Retirement Scheme (VRS) for eligible employees and Direct Reportees (DREs) at its Hubli Unit.

Key Details of the VRS Approval

Aspect	Details
Approval Method	Circular Resolution
Approval Date	October 15, 2025
Eligible Participants	Employees and DREs at Hubli Unit
Financial Impact	To be communicated upon scheme conclusion

Implications and Next Steps

The introduction of this Voluntary Retirement Scheme signals a potential shift in Kirloskar Electric's workforce strategy at its Hubli facility. While the immediate financial implications of the scheme remain undisclosed, the company has committed to informing the stock exchanges once the VRS concludes.

This move comes at a time when many companies in the manufacturing sector are reassessing their operational structures to enhance efficiency and competitiveness. The VRS could potentially lead to cost optimization and improved productivity for Kirloskar Electric in the long run.

Regulatory Compliance

In line with regulatory requirements, Kirloskar Electric has promptly disclosed this development to both the BSE Limited and the National Stock Exchange of India Limited. The company's swift communication demonstrates its commitment to transparency and adherence to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and market watchers will be keenly awaiting further details on the scheme's uptake and its financial impact on the company's operations. As the VRS unfolds, it will be crucial to monitor how this strategic decision affects Kirloskar Electric's overall performance and market position in the coming quarters.