Kirloskar Oil Engines Limited (KOEL), a leader in manufacturing internal combustion engines and generator sets, has successfully completed the postal ballot process for the appointment of Mr. Srikumar Vijayasekharan as an Independent Director. The shareholders have approved the special resolution, confirming his appointment effective from November 11, 2025.

Postal Ballot Results

The company announced the successful completion of the postal ballot process based on the Scrutinizer's Report on voting results. The appointment follows the regulatory framework under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Appointment Details

Mr. Srikumar Vijayasekharan's appointment as Additional Non-Executive Director in the capacity of Independent Director brings significant expertise to KOEL's board:

Professional Background

Mr. Vijayasekharan brings extensive experience across multiple domains:

• Leadership Experience: Served as COO of Deloitte South Asia, overseeing significant growth where the firm expanded over four times during his tenure
• Operational Expertise: Responsible for finance, IT, infrastructure, business plans, strategy implementation, and succession planning
• Industry Experience: Specializes in audit and assurance services across manufacturing, financial services, healthcare, technology, and consumer business sectors
• Board Experience: Currently serves as Independent Director on Arka Fincap Limited's board

Governance and Compliance

The postal ballot process ensured compliance with regulatory requirements:

• Electronic Voting Only: In compliance with MCA circulars, voting was conducted only through remote e-voting
• Scrutinizer Appointment: Mrs. Manasi Paradkar, Practicing Company Secretary, was appointed as scrutinizer
• Independence Criteria: Mr. Vijayasekharan meets the criteria for independence under Section 149(6) of the Companies Act, 2013
• Committee Membership: He has been appointed as Audit Committee Member effective December 12, 2025

Shareholding and Related Information

• Mr. Vijayasekharan holds no equity shares in Kirloskar Oil Engines Limited
• He is not related to any existing board member of the company
• The appointment strengthens the board's independence and governance structure

The successful appointment of Mr. Srikumar Vijayasekharan represents a strategic move by Kirloskar Oil Engines Limited to enhance its board composition with experienced leadership. The company has formally communicated the approval to both BSE and NSE, completing all regulatory requirements for the appointment.

Kirloskar Oil Engines Limited (KOEL) has reported its strongest quarterly performance to date, with standalone net sales crossing the ₹1,500 crore mark for the first time. The company's financial results demonstrate robust growth across key metrics, signaling a positive trajectory in its operations.

Financial Highlights

Consolidated Performance

On a consolidated basis, Kirloskar Oil Engines reported equally impressive results:

• Revenue from continuing operations: ₹1,948.00 crore (30% YoY increase)
• Net profit from continuing operations: ₹159.00 crore (51% YoY increase)

Half-Year Performance

The company's strong performance extended to the half-year period as well:

Segment Performance

All segments within the standalone business recorded double-digit growth, with the Power Generation Business Unit showing particularly robust performance. This across-the-board growth underscores the company's strong market position and operational efficiency.

Strategic Restructuring

On October 10th, Kirloskar Oil Engines announced a strategic restructuring initiative, transferring its B2C operations to its wholly-owned subsidiary, La-Gajjar Machineries Private Limited, through a slump sale. This move aligns with the company's goal of reaching a ₹2 billion topline by 2030.

Financial Analysis

Examining the company's income statement data reveals several positive trends:

1. Revenue Growth: The company's sales have shown consistent growth, with the current quarter reporting sales of ₹1,948.40 crore, a 29.50% increase compared to the same quarter five years ago.

2. Profitability: Net profit for the quarter stood at ₹159.20 crore, representing a 27.46% increase over the past five years. This growth in profitability outpaces revenue growth, indicating improved operational efficiency.

3. Operating Margins: The Operating Profit Margin (OPM) for the quarter was 19.59%, slightly lower than the 19.77% reported five years ago. However, it shows improvement compared to recent quarters, suggesting the company is managing its costs effectively despite inflationary pressures.

4. EBITDA Performance: EBITDA for the quarter reached ₹394.30 crore, a significant 24.42% increase over the past five years, reflecting the company's ability to enhance its operational performance.

Kirloskar Oil Engines' record-breaking quarter demonstrates its resilience and adaptability in a dynamic market environment. The company's strategic initiatives, coupled with strong financial performance across segments, position it well for sustained growth. As KOEL continues to execute its long-term strategy, investors and industry observers will be keenly watching its progress towards its 2030 revenue target.