Kirloskar Industries Limited — Important, 04-02-2025: Updates

Kirloskar Industries Limited has shared updates regarding its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). KFIL has allotted 24,000 equity shares following the exercise of employee stock options, raising its paid-up share capital to ₹82.30 crore, comprising 16.46 crore equity shares at ₹5 each.

Additionally, KFIL's Board has declared an interim dividend of ₹3 per equity share (60% yield) for the fiscal year 2024-2025. The record date for the dividend is set for February 14, 2025, with payment expected by March 3, 2025, through various methods, including direct credit and demand drafts. This decision reflects positive management actions that could enhance shareholder returns.