Kirloskar Pneumatic Company Limited has announced the departure of Mrs Nalini Venkatesh from her role as an Independent Director, marking the end of her five-year tenure with the company. The cessation of her directorship took effect on July 24, 2025, as confirmed by the company's regulatory filing.

Tenure and Re-appointment Details

Mrs Venkatesh's journey with Kirloskar Pneumatic began with her re-appointment through a postal ballot on July 30, 2020. This decision by the company's members initiated her second term as an Independent Director, spanning five consecutive years from July 25, 2020, to July 24, 2025.

Committee Roles

In addition to her role as an Independent Director, Mrs Venkatesh held key positions within the company's governance structure. With her departure, she has also stepped down from her roles as:

• Member of the Corporate Social Responsibility Committee
• Member of the Stakeholders' Relationship Committee

Company's Acknowledgment

Kirloskar Pneumatic Company Limited has officially recognized Mrs Venkatesh's contributions during her tenure. In their regulatory filing, the company stated, "The Company places on record its sincere appreciation towards her contribution."

Regulatory Compliance

The company's announcement adheres to the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI). As per Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kirloskar Pneumatic has duly informed the stock exchanges about this change in directorship.

Mrs Nalini Venkatesh's departure marks a significant change in Kirloskar Pneumatic's board composition, concluding a chapter of her leadership and contributions to the company's governance and strategic direction.

Kirloskar Pneumatic Company Limited , a leading player in the compression segment, has reported robust financial results for the first quarter. The company's performance showcases steady growth and operational efficiency across key financial metrics.

Financial Highlights

The company reported a total income of Rs 280.24 crores for Q1, marking a slight increase from Rs 279.71 crores in the same quarter of the previous year. Notably, Kirloskar Pneumatic achieved a profit before tax (PBT) of Rs 36.81 crores, representing a strong PBT margin of 13.1%.

Key financial metrics for Q1 include:

Order Book and Business Segments

Kirloskar Pneumatic maintains a robust order book of Rs 1,725 crores as of July 1, indicating strong business momentum and future growth potential.

The compression segment continues to be the primary revenue driver, contributing approximately 90% of the company's total revenue. This segment predominantly serves the petrochemical, oil, and gas sectors, positioning Kirloskar Pneumatic as a major player in the CNG market.

Operational Efficiency

The company has demonstrated effective working capital management, with a net working capital to sales ratio of 11.30%. This reflects Kirloskar Pneumatic's ability to efficiently manage its short-term assets and liabilities.

New Product Launch and Expansion

Kirloskar Pneumatic has introduced 'Tyche', a new semi-hermetic reciprocating refrigeration compressor. This product launch showcases the company's commitment to innovation and expanding its product portfolio.

Key features of the Tyche compressor include:

• Robust design suitable for various refrigerants
• Exchangeable electric motor
• VFD compatibility
• Capacity control
• Motor protection systems

The company has also established a lost foam castings foundry at its Nashik division, with an annual melting capacity of 2,400 tonnes. This expansion is expected to enhance Kirloskar Pneumatic's manufacturing capabilities and operational efficiency.

Looking Ahead

With a strong order book, steady financial performance, and strategic expansions, Kirloskar Pneumatic Company Limited appears well-positioned for continued growth in the compression and related segments. The company's focus on innovation and operational efficiency is likely to support its market position in the coming quarters.

Investors and analysts can expect more detailed insights during the company's post-result earnings call scheduled for July 23, at 4:00 p.m. (IST).