Kirloskar Ferrous Industries Conducts 35th AGM; Key Resolutions on Financial Statements, Dividend, and Director Appointments Voted

Kirloskar Ferrous Industries Conducts 35th AGM; Key Resolutions on Financial Statements, Dividend, and Director Appointments Voted​

Kirloskar Ferrous Industries Limited (KFIL) held its 35th Annual General Meeting (AGM) on August 5, 2026. The meeting, conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), saw significant voting activity across various resolutions related to financial statements, dividend confirmation, and strategic corporate appointments.

The scrutiny of the voting process for the AGM was completed by Manasi Paradkar & Associates, with results being generated following reconciliation with the Registrar and Share Transfer Agent (RTA). On the record date of July 29, 2026, the company recorded a total membership base of 93,171.

Voting Results on Financial Matters and Dividends​

The AGM saw key votes taken on the adoption of financial statements for the financial year ended March 31, 2026, and the confirmation of dividends. These resolutions were successfully passed.

The results for the resolution regarding the Adoption of Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended 31 March 2026 showed strong compliance from shareholders:


The resolution concerning the Confirmation of payment of Interim and Final Dividend on equity shares for the financial year ended March 31, 2026, also received near-unanimous approval:

Directorship and Fundraising Resolution Outcomes​

The meeting addressed several corporate matters, including the re-appointment of existing directors and a major resolution granting authority to raise capital through debt instruments.

In terms of directorial appointments, the results for the Reappointment of Mr. Nishikant Balakrishna Ektare (DIN: 02109633) as Director were reported as follows:


The special resolution granting authority to the Board of Directors to borrow or raise funds not exceeding ₹1,000 Crores by issuing non-convertible Debentures on private placement was passed with a high percentage:


Furthermore, the results regarding director appointments and ratification of cost auditor remuneration were as follows:

• Reappointment of Mr. Sathya Moorthy Venkataramani: The resolution to reappoint him as an Independent Director until October 21, 2031, was passed at a rate of 97.9851%.
• Appointment of Mrs. Pallavi Pratap Gokhale: The appointment of Mrs. Pallavi Pratap Gokhale (DIN: 00036369) as an Independent Director until June 11, 2031, received a total vote in favour of 99.9731%.
• Cost Auditor Ratification: The ratification of the remuneration for 'Dhananjay V. Joshi & Associates' as Cost Auditors was approved by 99.9998% of votes polled on outstanding shares.

The AGM also included a resolution concerning the Reappointment of Mr. Nishikant Balakrishna Ektare, which was passed with a rate of 99.8785%.

KIRLOSIND Stock Price Movement​

As of 10:38 AM, shares of Kirloskar Industries Limited are rising in live trading, currently at ₹3799.8 after advancing by ₹32.60 or 0.87%. The stock has recorded a volume of 1,877 shares so far and maintains strong momentum, holding well above the day’s low of ₹3741.2.