Kirloskar Ferrous Industries Limited , a leading player in the Indian castings and pig iron manufacturing sector, has issued an official postal ballot notice seeking shareholder approval for the appointment of Mr. Aman Rahul Kirloskar as a Director. The company had earlier co-opted him as an Additional Director in the category of Non-Executive Non-Independent Director, effective November 7, 2025.

Official Postal Ballot Notice Details

The company has formally communicated the postal ballot process to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was issued on December 12, 2025, and sent electronically to all eligible shareholders.

E-Voting Process and Timeline

The company has initiated the postal ballot process in compliance with regulatory requirements through National Securities Depository Limited (NSDL). Key details of the voting process are outlined below:

The notice has been sent electronically to all members whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date and whose email addresses are registered with the company, Registrar and Share Transfer Agent (RTA), and depositories.

Regulatory Compliance Requirements

Pursuant to Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed entities must obtain shareholder approval for board appointments at the next general meeting or within three months from the appointment date, whichever is earlier. The company has received a notice in writing from a member proposing Mr. Kirloskar's candidature under Section 160 of the Companies Act, 2013.

Profile of Aman Rahul Kirloskar

Mr. Kirloskar, aged 31, brings extensive experience within the Kirloskar Group:

Career Progression and Contributions

Mr. Kirloskar's career trajectory within the group demonstrates progressive leadership. He started as Supply Chain Manager with Kirloskar Chillers Private Limited in May 2018, was promoted to Senior Manager at Kirloskar Pneumatic Company Limited in August 2019, and elevated to General Manager (Operations) in 2020. In 2023, he was appointed Head of air conditioning and refrigeration business unit.

He played a crucial role during the COVID-19 pandemic by scaling up screw compressor production to meet the nation's oxygen production needs. Additionally, he leads group-level ESG compliance initiatives and spearheads sustainability, green technology, and circular economy projects across multiple business units.

Corporate Governance and Family Connections

As part of the company's promoter group, Mr. Kirloskar is the son of Director Mr. Rahul Kirloskar and cousin of Director Ms. Aditi Kirloskar. He currently serves as a director on the boards of Alpak Investments Private Limited, Indifour Consult Private Limited, and Systems and Components India Private Limited.

The Board of Directors has recommended the ordinary resolution for approval by members. The scrutinizer will submit the report by January 14, 2026, and results will be declared along with the scrutinizer's report on the company's website, BSE Limited, and NSDL platforms. If passed by the requisite majority, the resolution will be deemed effective from January 12, 2026.

Kirloskar Ferrous Industries Limited (KFIL), a leading player in the castings and pig iron manufacturing sector, has announced an ambitious ₹900 crore capital expenditure program aimed at expanding its production capacity across multiple segments. The expansion initiative is set to strengthen the company's position in the pig iron, ductile iron pipe, and alloy casting markets.

Expansion Strategy

The company's growth strategy focuses on capitalizing on the demand from the automotive and infrastructure sectors. KFIL anticipates this move may drive both volume growth and margin improvements across its product lines.

Key aspects of the expansion plan include:

1. Increased production capacity in pig iron, ductile iron pipe, and alloy casting segments
2. Focus on operational efficiency improvements
3. Implementation of green energy initiatives

These strategic initiatives are expected to potentially bolster the company's overall profitability and market position.

Financial Performance

KFIL has reported the following financial results:

• Standalone revenue reached ₹1,728.00 crore, marking a 4% year-on-year increase
• Net profit stood at ₹92.00 crore, up by 9% compared to the same period last year
• EBITDA margin improved to 12.4% from 11.7% in the previous comparable period

R.V. Gumaste, Managing Director of KFIL, commented on the results, stating, "Despite drop in realizations and commodity headwinds, we have maintained our strong performance on both topline and profitability."

Market Outlook

The company's expansion plans are aligned with the current market dynamics:

• Strong demand observed in the casting segment, particularly from the tractor and automotive industries
• Steady performance across all product lines
• Secured tube volumes for the upcoming period through an ONGC order

Conclusion

Kirloskar Ferrous Industries Limited's ₹900 crore expansion program demonstrates the company's commitment to growth and its confidence in the market's potential. By focusing on increasing production capacity, improving operational efficiency, and embracing green initiatives, KFIL aims to meet the growing demand in key sectors while potentially enhancing its profitability and market share in the coming years.