Kirloskar Electric Approves Financial Statements and Key Director Appointments at AGM

Kirloskar Electric Approves Financial Statements and Key Director Appointments at AGM​

Kirloskar Electric Company Limited held its 79th Annual General Meeting (AGM) on August 13, 2026, through Video Conferencing/Other Audio Visual means. Shareholders approved the company's financial statements and confirmed several key appointments during the meeting.

During the Ordinary Business conducted at the AGM, shareholders adopted both the audited standalone and consolidated financial statements of Kirloskar Electric for the financial year ended March 31, 2026, along with their respective reports. Additionally, the shareholders approved the re-appointment of a director in place of Ms. Rukmini Kirloskar (DIN: 00309266), who retires by rotation.

Special Business Outcomes​

The special business agenda included several critical corporate decisions and appointments:

Mr Vijay R Kirloskar (DIN: 00031253) was re-appointed as Executive Chairman of the Company, serving as a Whole-time Director. Ms Janaki Kirloskar (DIN: 00309238) was appointed as a Director and promoted as Joint Managing Director of the company.

The AGM also addressed operational and financial matters including:

• The appointment of M/s BMS Auditing, Chartered Accountants, to audit the Branch office located in Ajman, UAE.
• Ratification of the remuneration of the Cost Auditors for the financial year ending March 31, 2026.
• A decision regarding the raising of funds through a preferential issue and allotment of equity shares to Kirloskar Power Equipments Limited, an entity within the promoter group, for cash.

KECL Stock Price Movement​

Today, Kirloskar Electric Company Limited shares edged higher to settle at ₹143.56, finishing up the trading day after gaining 0.84%. The stock saw a traded volume of 373,366 shares during the session.