Kirloskar Electric Co , a prominent player in the electrical equipment industry, has announced a significant change in its senior management. Mr. Kaushik Goswamy, who held the position of Senior Vice President-Sales & Marketing, has retired from the company effective September 19, 2025.

Management Change Details

The retirement was officially communicated to the stock exchanges BSE and NSE by Mr. Mahabaleshwar Bhat, the Company Secretary & Compliance Officer of Kirloskar Electric Co. This announcement comes in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Timing and Impact

According to the official communication:

• Date of Occurrence: September 19, 2025
• Time of Occurrence: 10:00 AM

The retirement of a senior executive, especially one overseeing critical functions like sales and marketing, can have significant implications for a company's strategic direction and operational dynamics.

Company Information

Kirloskar Electric Co, with its registered office in Bengaluru, Karnataka, is known for its presence in the electrical equipment sector. The company's shares are listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) under the following details:

As companies navigate leadership transitions, investors and market watchers often keep a close eye on potential impacts on business strategy and performance. Kirloskar Electric Co has not announced any immediate plans for Mr. Goswamy's replacement at the time of this report.

Kirloskar Electric Co held its 78th Annual General Meeting (AGM) on September 16, 2025, via video conferencing, where shareholders approved several significant resolutions. The meeting addressed both ordinary and special business matters, reflecting important decisions for the company's governance and operations.

Financial Statements Adoption

Shareholders approved the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025, along with the reports of the Board of Directors and Auditors.

Director Reappointments

Mr. Vijay R Kirloskar, who retired by rotation, was reappointed as a director. Additionally, the AGM approved the reappointment of Mr. Anand B Hunnur as Managing Director for a three-year term effective July 12, 2025. Mr. Hunnur's reappointment is subject to retirement by rotation.

Executive Remuneration

A special resolution was passed to revise the remuneration payable to Mr. Vijay R Kirloskar in his capacity as Executive Chairman.

Auditor Appointments

The shareholders approved the appointment of Mr. Sudheendra P Ghali of M/s. S. P. Ghali & Co., Company Secretaries, as the Secretarial Auditor for a five-year term. Additionally, M/s. BMS Auditing, Chartered Accountants, was appointed as the auditor for the company's branch office in Ajman, UAE.

Cost Auditors Remuneration

The AGM ratified the remuneration of Cost Auditors for the financial year ending March 31, 2025.

Independent Director's Continuation

A special resolution was passed to allow the continuation of Mr. Ravi Ghai as an independent director after he attains the age of seventy-five years.

Voting Results

The scrutinizer's report indicated strong shareholder support for all resolutions:

The AGM's outcomes reflect the shareholders' confidence in Kirloskar Electric's leadership and strategic direction. These approvals pave the way for the company to implement its plans for the coming year, with a focus on governance and operational efficiency.