Kirloskar Industries Limited has officially completed its postal ballot process and submitted regulatory disclosures to BSE and NSE on December 29, 2025, confirming shareholder approval of all three proposed director appointments. The company fulfilled its obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Regulatory Disclosure

The company submitted its formal disclosure to both stock exchanges through a letter signed by Company Secretary & Compliance Officer Ashwini Mali. The disclosure confirmed that members approved all resolutions through the Postal Ballot Notice dated November 14, 2025, based on the Scrutiniser's Report on voting results.

Director Appointments Confirmed

All three directors have been officially appointed with effect from November 14, 2025, following the successful postal ballot process:

Postal Ballot Results Summary

The postal ballot process conducted between November 29, 2025, and December 28, 2025, demonstrated strong shareholder support across all appointments:

Resolution 1 - Sumit Mitra Appointment (Special Resolution):

• Total votes polled: 5,312,406 (50.58% of outstanding shares)
• Votes in favour: 5,306,640 (99.89%)
• Votes against: 5,766 (0.11%)

Resolution 2 - Sathyamoorthy Venkataramani Appointment (Special Resolution):

• Total votes polled: 5,313,553 (50.59% of outstanding shares)
• Votes in favour: 5,312,686 (99.98%)
• Votes against: 867 (0.02%)

Resolution 3 - Rahul Kirloskar Appointment (Ordinary Resolution):

• Total votes polled: 5,313,554 (50.59% of outstanding shares)
• Votes in favour: 5,304,493 (99.83%)
• Votes against: 9,061 (0.17%)

Regulatory Compliance Completed

The company has successfully fulfilled all regulatory requirements with scrutinizer Manasi Paradkar (FCS-5447, CP-4385) confirming the validity of the e-voting process conducted through NSDL's platform. The formal disclosure to stock exchanges marks the completion of the appointment process, strengthening the board composition with enhanced corporate governance through independent director additions while maintaining strategic leadership involvement.

Kirloskar Industries Limited has announced the allotment of 6,206 equity shares under its Employee Stock Appreciation Rights (ESAR) Plan 2019. This allotment has resulted in an increase in the company's paid-up share capital from ₹10.50 crores to ₹10.51 crores.

Share Allotment Details

The allotment was executed following the exercise of Equity Settled Stock Appreciation Rights by eligible employees under the company's established framework.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital structure. The changes reflect the conversion of stock appreciation rights into actual equity shares for participating employees.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and corporate actions that could impact investor decisions.

The allotment was executed pursuant to the Kirloskar Industries Limited - Employees Stock Appreciation Rights Plan 2019, which provides a framework for employee participation in the company's equity growth. The plan allows eligible employees to benefit from the appreciation in the company's share value through equity-settled instruments.

Corporate Communication

Kirloskar Industries has notified both BSE Limited and the National Stock Exchange of India Limited about this development, ensuring proper corporate governance protocols were followed.