Kirloskar Electric Reports Q1 Results; Board Approves Director Continuation Beyond Age 75
Kirloskar Electric Co. released Q1 FY2025-26 results showing a slight revenue decrease to ₹13,224.00 lakhs and a 69.60% drop in net profit to ₹69.00 lakhs. The company's board approved the continuation of Mr. Ravi Ghai as Independent Director beyond 75 years and appointed M/s. Rao, Murthy & Associates as Cost Auditors. Kirloskar is pursuing merger of four wholly-owned subsidiaries and monetizing property in Hubballi to improve working capital.
02Aug 25
NCLT Approves Merger of Four Subsidiaries with Kirloskar Electric Company
Kirloskar Electric Co. Limited (KECL) has received approval from the NCLT Bengaluru Bench to merge its four wholly-owned subsidiaries: KELBUZZ Trading Private Limited, Luxquisite Parkland Private Limited, SLPKG Estate Holdings Private Limited, and SKG Terra Promenade Private Limited. The merger is set to take effect from April 1, 2024. KECL must notify relevant authorities, including the Ministry of Corporate Affairs and Income Tax Authorities, and publish notices in specified newspapers. A follow-up hearing is scheduled for September 18, 2025.
28May 25
Kirloskar Electric Co Reports Mixed Q4 Results: EBITDA Up, Revenue Down
Kirloskar Electric Co's Q4 results show improved profitability despite revenue decline. EBITDA increased 6.36% to ₹117.00 million, with EBITDA margin expanding to 9.05%. Revenue fell 23.53% to ₹1.30 billion. Net profit grew 17.54% to ₹67.00 million, demonstrating operational efficiency amid challenges.
28Apr 25
Kirloskar Electric Company Ltd Appoints Meena Kirloskar as Vice-Chairperson
Kirloskar Electric Company Ltd (KECL) has appointed Mrs. Meena Kirloskar as Vice-Chairperson, effective immediately. The decision was made by the Board of Directors on April 28, 2025. Mrs. Kirloskar will retain her position as a Non-Executive and Non-Independent Director while taking on this new role. The company recently also re-appointed Mr. Sanjeev Kumar Shivappa as Director (Finance) & Chief Financial Officer through a postal ballot, approved by 99.99% of shareholders.