Kirloskar Industries Limited — Others, 01-07-2025: Change in Director(s)

Kirloskar Industries Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company has appointed Ms. Pallavi Gokhale as an Additional Non-Executive Independent Director for a five-year term, starting 1 July 2025. Ms. Gokhale brings over 20 years of consulting experience in corporate governance, risk management, and process optimization across multiple sectors. Mr. George Verghese has been appointed as Managing Director for five years effective 20 May 2025, with extensive leadership experience in HR and business transformation within the Kirloskar Group. The Board has also appointed M. J. Risbud & Co. as Secretarial Auditors for five years starting FY26.

The Board has recommended a final dividend of Rs. 13 per equity share, subject to shareholder approval. During FY25, 3,425 shares were allotted under the Employee Stock Appreciation Rights Plan, increasing paid-up capital to Rs. 10.42 Cr.

Auditors Kirtane & Pandit LLP issued unmodified opinions on both standalone and consolidated financial results for FY25. The standalone results show total income of Rs. 40.77 Cr, PAT of Rs. 30.72 Cr, and a final dividend recommendation of 130%. Consolidated results include subsidiaries Avante Spaces Ltd and Kirloskar Ferrous Industries Ltd, reporting total income of Rs. 6,677.68 Cr and PAT of Rs. 308.22 Cr. An exceptional gain of Rs. 6.10 Cr (standalone) and Rs. 12.24 Cr (consolidated) arose from reversal of ESAR charges following a director’s retirement.

The company’s balance sheet reflects strong financial assets with standalone investments at Rs. 4,726 Cr and consolidated investments at Rs. 4,730 Cr. Segment-wise, key contributors include investments, iron casting, tube, steel, and real estate businesses, with consolidated capital employed at Rs. 8,156 Cr.

Kirloskar Industries continues focusing on operational efficiencies and governance, with stable leadership and clear dividend policy, supporting shareholder value amid diversified business segments.