Kirloskar Industries successfully conducted its 34th Annual General Meeting (AGM) on August 4, 2025, through video conferencing, marking significant corporate governance milestones and strategic decisions for the company's future.

Strong Shareholder Participation

The AGM witnessed robust shareholder engagement, with 70 shareholders in attendance, including 9 promoters and 61 public shareholders. This turnout represents a portion of the company's total 1,06,695 members as of the record date, July 28, 2025.

Key Resolutions Approved

Shareholders unanimously approved all seven resolutions presented at the meeting, demonstrating strong support for the company's direction:

1. Financial Statements Adoption: The audited financial statements for the year ended March 31, 2025, including consolidated statements, were approved along with the Board of Directors' and Auditors' reports.

2. Dividend Confirmation: Shareholders confirmed the payment of interim dividends and approved the final dividend for the financial year 2024-2025.

3. Director Reappointment: Mr. Rahul Chandrakant Kirloskar was reappointed as a director, maintaining continuity in the company's leadership.

4. New Director Appointment: Ms. Aditi Atul Kirloskar was appointed as a director liable to retire by rotation, bringing fresh perspectives to the board.

5. Secretarial Auditor Appointment: M/s. M.J. Risbud & Co, Company Secretaries, were appointed as the secretarial auditor for a five-year term, from the 34th to the 39th AGM.

6. Cost Auditor Remuneration: The remuneration for M/s. Dhananjay V. Joshi & Associates as the Cost Auditor was ratified.

7. Fundraising Authority: The Board of Directors received authority to raise funds up to ₹1,000 crores through non-convertible debentures on a private placement basis.

Voting Results Highlight Strong Shareholder Support

The scrutinizer's report revealed overwhelming support for all resolutions:

Corporate Governance and Transparency

Kirloskar Industries Limited, the parent company of Kirloskar Ferrous Industries Limited (KFIL), promptly informed stock exchanges about these developments, underscoring the group's commitment to transparency and adherence to regulatory requirements.

The successful conclusion of the AGM, with its high participation rate and unanimous approvals, reflects strong shareholder confidence in Kirloskar Ferrous Industries Limited's management and future prospects. The company's focus on governance, strategic appointments, and financial prudence positions it well for continued growth and success in the coming years.

Kirloskar Industries Limited (KIL) has reported a robust financial performance for the first quarter of the fiscal year, showcasing significant growth in profitability and operational efficiency.

Strong Financial Performance

The company's consolidated net profit surged by 29.1% to ₹127.20 crore, compared to ₹98.50 crore in the same period last year. This impressive growth in profitability underscores the company's ability to enhance its bottom line despite challenging market conditions.

Revenue from operations also saw a healthy increase, growing by 5.4% to ₹1,681.00 crore from ₹1,553.00 crore in the corresponding quarter of the previous year. This growth indicates the company's strong market position and its ability to drive sales across its diverse business segments.

Improved Operational Efficiency

Kirloskar Industries demonstrated significant improvements in operational efficiency during the quarter. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased by 16% to ₹216.90 crore from ₹187.00 crore in the same quarter last year.

More notably, the EBITDA margin expanded to 12.9% from 12%, reflecting the company's success in optimizing costs and improving its business mix. This margin expansion is particularly impressive given the current inflationary pressures faced by many industries.

Diverse Business Portfolio

Kirloskar Industries operates across multiple sectors, which contributes to its resilient performance. The company's business interests span:

1. Wind power generation
2. Real estate
3. Investments in group companies, including:
   • Kirloskar Pneumatic
   • Kirloskar Ferrous Industries Limited (KFIL)

Recent Corporate Actions

As part of its commitment to transparency and investor relations, Kirloskar Industries has been proactive in its corporate communications. The company recently informed the stock exchanges about significant developments in its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL).

KFIL held a conference call for investors and analysts to discuss its unaudited financial results for the quarter ended June 30. The audio recording of this call has been made available on KFIL's website, demonstrating the group's commitment to open communication with its stakeholders.

Market Response

Despite the strong quarterly results, Kirloskar Industries' shares closed 1.24% lower at ₹4,192.30 on the National Stock Exchange (NSE) ahead of the earnings announcement. This slight dip in share price may be attributed to broader market trends or profit-booking by investors.

Conclusion

Kirloskar Industries' impressive Q1 performance, marked by substantial profit growth and improved operational efficiency, positions the company well for the remainder of the fiscal year. The diversified nature of its operations, coupled with its focus on transparency and stakeholder communication, underscores the company's robust business model and governance practices.