Kirloskar Industries Limited has announced a key corporate appointment within its subsidiary structure. The Board of Directors of Avante Spaces Limited, a wholly-owned subsidiary of Kirloskar Industries Limited, approved the appointment of Mrs. Ashwini Mali as Company Secretary effective 11 March 2026.

Appointment Details

The appointment was formalized during the Board meeting of Avante Spaces Limited held on 11 March 2026. Mrs. Mali will serve as Company Secretary of the subsidiary while continuing her role as Company Secretary of the parent company, Kirloskar Industries Limited.

Professional Background

Mrs. Ashwini Mali brings extensive experience to her new role. At 50 years of age, she has been associated with the Kirloskar Group since 2006 and has served as Company Secretary of Kirloskar Industries Limited since 2014.

Qualifications and Experience

• Commerce graduate (B.Com.)
• Bachelor of Laws (LLB) degree
• Associate member of The Institute of Company Secretaries of India (ACS 19944)
• Significant experience in corporate secretarial practices, corporate governance, and regulatory compliance

Additional Directorships

Mrs. Mali currently holds directorships in multiple companies within the group structure:

• Binaza Consult Private Limited
• Kirloskar Solar Technologies Private Limited
• Paragon Greensutra Private Limited

Regulatory Compliance

The appointment has been communicated to stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates disclosure of material events and information that could impact investor decisions.

The dual role appointment reflects the company's strategy to leverage experienced personnel across its subsidiary operations while maintaining strong corporate governance standards. Mrs. Mali's extensive experience with the Kirloskar Group and regulatory compliance expertise positions her well to oversee the secretarial functions of Avante Spaces Limited.

Kirloskar Industries Limited published its Q3FY26 standalone and consolidated unaudited financial results in newspapers on February 14, 2026, following Board approval on February 13, 2026. The company demonstrated mixed quarterly performance but strong year-to-date growth across both standalone and consolidated operations.

Standalone Financial Performance

The company's standalone operations showed total income of ₹15.57 crores in Q3FY26 compared to ₹14 crores in Q3FY25, representing a 7% year-on-year increase. Profit after tax reached ₹6.21 crores versus ₹7 crores in the previous year's quarter.

The nine-month performance showed encouraging growth with total income increasing to ₹87.48 crores and profit after tax growing 14% to ₹53.70 crores from ₹47 crores in the corresponding period.

Consolidated Results Show Stability

On a consolidated basis, Kirloskar Industries maintained revenue levels with total income at ₹1,632.51 crores for Q3FY26 versus ₹1,626 crores in Q3FY25. Consolidated profit after tax was ₹49.45 crores compared to ₹53 crores in the previous year quarter.

The consolidated nine-month profit after tax demonstrated strong growth of 15% to ₹243.42 crores, reflecting improved operational efficiency across the group's diversified business segments.

Regulatory Compliance and Publication

The financial results were published in Financial Express (English) and Loksatta (Marathi) newspapers on February 14, 2026, as required under Regulation 33 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company filed copies of the newspaper publications with BSE Limited and National Stock Exchange of India Limited.

Impact of Labour Code Implementation

The company recognized exceptional expenses due to implementation of new Labour Codes notified by the Government of India. These codes consolidate existing labour laws and resulted in exceptional expenses of ₹0.96 crores in standalone results and ₹19.44 crores in consolidated results for Q3FY26.

Capital Structure Updates

During the quarter, the company's paid-up equity share capital stood at ₹10.51 crores comprising equity shares of ₹10 each. Both standalone and consolidated results were impacted by other comprehensive losses primarily due to fair valuation changes in quoted equity investments, with standalone other comprehensive income showing ₹387.80 crores loss.