Kirloskar Industries Limited (KIL) has announced the departure of its Chief Financial Officer (CFO) and Key Managerial Person (KMP), Anandh Baheti, effective November 4, 2025. The company disclosed this information in a regulatory filing to the stock exchanges.

Resignation Details

Mr. Baheti, who also held the CFO position at KIL's wholly-owned subsidiary Avante Spaces Limited, tendered his resignation on August 29, 2025. He cited the pursuit of other career growth opportunities as the reason for his departure. Following a notice period, he was relieved from his duties at the close of business hours on November 4, 2025.

Company's Response

Kirloskar Industries expressed appreciation for Mr. Baheti's services and contributions during his tenure as CFO. The company stated that it is currently in the process of appointing a suitable candidate for the CFO and KMP positions. Details of the new appointment will be shared with stock exchanges once finalized.

Transition Process

To ensure a smooth transition, Mr. Baheti agreed to continue discharging his duties and responsibilities diligently during the notice period. He committed to extending full cooperation in handing over ongoing assignments, financial matters, and all related responsibilities to his successor or any person designated by the management.

Impact on Subsidiary

The change also affects Kirloskar Industries' wholly-owned subsidiary, Avante Spaces Limited, where Mr. Baheti held a similar position.

Market Reaction

As of the announcement, no significant impact on the company's stock price was reported. Investors and stakeholders will likely be watching closely for news of the successor appointment.

The departure of a key financial executive often signals a period of transition for a company. Stakeholders will be keen to see how Kirloskar Industries manages this change and who they bring on board to fill this crucial role.

Kirloskar Industries Limited's subsidiary, Kirloskar Ferrous Industries Limited (KFIL), has taken a step in its employee incentive program by allotting new equity shares under its Employee Stock Option Schemes. This corporate action, approved on November 3, 2025, has resulted in an increase in the company's share capital.

Key Details of the Allotment

Impact on Share Capital

Following this allotment, KFIL's capital structure has undergone the following changes:

Significance of the Allotment

This share allotment under the Employee Stock Option Schemes serves multiple purposes:

1. Employee Incentivization: It aims to align employee interests with those of the company and its shareholders.
2. Talent Retention: Such schemes may help in retaining key talent within the organization.
3. Capital Structure Adjustment: The allotment slightly increases the company's equity base.

Corporate Governance and Transparency

Kirloskar Industries Limited, the parent company of KFIL, informed the stock exchanges about this development, adhering to regulatory requirements for listed material subsidiaries. This action demonstrates the group's commitment to maintaining transparency and keeping investors informed about significant corporate actions.

Market Implications

While the allotment represents a relatively small increase in the total number of outstanding shares, it reflects KFIL's ongoing commitment to its employee incentive programs. Investors and market analysts may view this as a sign of the company's focus on aligning employee and shareholder interests.