Kirloskar Industries Limited has informed stock exchanges about an operational update from its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), regarding the continued suspension of plant operations. The parent company filed this disclosure under Regulation 30 of SEBI listing regulations on December 11, 2025.

Material Subsidiary Communication

Kirloskar Industries Limited communicated to BSE Limited and National Stock Exchange that its listed material subsidiary, Kirloskar Ferrous Industries Limited, has provided an intimation regarding operational matters. The parent company shared the subsidiary's communication for stakeholder awareness and regulatory compliance.

Subsidiary Plant Operations Update

Kirloskar Ferrous Industries Limited has reported that operations at its Hiriyur plant in Karnataka continue to remain suspended. This represents a continuation of the temporary suspension that was initially communicated in October 2025, with the subsidiary requiring additional time for maintenance and repair activities.

Regulatory Compliance Framework

The disclosure demonstrates the structured approach to regulatory compliance within the Kirloskar group. Kirloskar Industries Limited, as the parent company, ensures transparency by sharing material subsidiary updates with exchanges, while Kirloskar Ferrous Industries maintains direct communication regarding its operational matters.

Both companies have committed to providing further updates in due course upon resumption of operations at the Hiriyur plant, maintaining stakeholder communication standards across the group structure.

Kirloskar Industries Limited, a prominent player in the Indian industrial sector, has announced a significant change in its subsidiary's leadership. Bharathan Gopalakrishnan, the current Chief Financial Officer (CFO) of Kirloskar Industries, has been appointed as the CFO of Avante Spaces Limited, a wholly-owned subsidiary of the company, effective December 3, 2025.

Key Highlights

• Dual Role: Bharathan Gopalakrishnan will now serve as CFO for both Kirloskar Industries and its subsidiary, Avante Spaces Limited.
• Effective Date: The appointment takes effect from December 3, 2025.
• Approval Process: The decision was approved by Avante's Board of Directors, based on recommendations from the Nomination and Remuneration Committee and Audit Committee.

About Bharathan Gopalakrishnan

Bharathan Gopalakrishnan brings a wealth of experience to his new role:

• Educational Background: B.Tech from NIT Calicut and Post Graduate Diploma in Management from IIM Bangalore.
• Professional Experience: Over 18 years in banking, financial services, project financing, debt syndication, and telecom sectors.
• Key Skills: Expertise in credit appraisal, structured finance, and strategic leadership.
• Previous Roles: Held senior positions at SBI Capital Markets and YES Bank.

Company Financial Context

While this appointment is a corporate governance matter, it's worth noting Kirloskar Industries' recent financial position:

The company has shown significant growth in its asset base and investments over the past year, indicating a strong financial position as it makes this strategic appointment.

Implications

This dual CFO role for Bharathan Gopalakrishnan suggests a closer financial alignment between Kirloskar Industries and its subsidiary, Avante Spaces Limited. The move may lead to more streamlined financial operations and potentially signal upcoming strategic initiatives for Avante Spaces within the larger Kirloskar group.

As Kirloskar Industries continues to strengthen its financial leadership, stakeholders will be watching closely to see how this appointment influences the company's future growth strategies and financial performance.