Kirloskar Industries has informed stock exchanges about the cessation of Mr. D. Sivanandhan as Independent Director, effective February 3, 2026. The departure follows the completion of his second term upon reaching the mandatory retirement age of 75 years.

Director Tenure Details

Mr. D. Sivanandhan's tenure as Independent Director concluded after serving his second term, which commenced on May 11, 2022. The Members of the Company had approved his re-appointment in their meeting held on August 9, 2022, for a term extending until he attained the age of 75 years.

Committee Memberships

With his cessation as Independent Director, Mr. Sivanandhan also stepped down from his roles as member of key board committees. His departure affects the composition of both the Audit Committee and the Nomination and Remuneration Committee of the company.

Regulatory Compliance

The company has filed the requisite disclosure under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was submitted to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with all regulatory requirements.

Company Acknowledgment

Kirloskar Industries has placed on record its sincere appreciation for the valuable services, guidance and experience extended by Mr. D. Sivanandhan during his tenure as Independent Director. The company secretary Ashwini Mali signed the official communication dated February 3, 2026, formally notifying the stock exchanges of this corporate governance change.

Kirloskar Industries Limited has updated stock exchanges regarding a significant corporate action by its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). The company disclosed that KFIL has allotted equity shares under its employee stock option schemes, as mandated under regulatory compliance requirements.

Share Allotment Details

KFIL's Stakeholders Relationship Committee approved the allotment of equity shares through a circular resolution passed on January 6, 2026. The allotment pertains to the exercise of stock options under the company's employee stock option schemes.

Impact on Share Capital

Following the allotment, KFIL's capital structure has been revised upward. The company's issued, subscribed and paid-up share capital has increased substantially from the previous level.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kirloskar Industries Limited, being the parent company, informed both BSE Limited and National Stock Exchange of India Limited about this material development in its subsidiary.

KFIL, as a listed material subsidiary, separately communicated the allotment details to stock exchanges where its shares are traded. The company secretary Mayuresh Gharpure signed the regulatory filing on behalf of KFIL, while Ashwini Mali, Company Secretary of Kirloskar Industries Limited, handled the parent company's disclosure obligations.

Corporate Structure Context

The transaction reflects the ongoing implementation of KFIL's employee stock option schemes, designed to provide equity participation opportunities to employees. Such schemes typically serve as retention and incentive tools for key personnel while gradually expanding the company's equity base through employee participation.