With reference to previous submission dated 1 April 2025, intimation regarding appointment of 1) Director liable to retire by rotation and 2) Whole-Time director at the 86th Annual general ....
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At the 86th Annual General Meeting held on 28 June 2025, shareholders approved the re-appointment of Mr. Purab Uday Gujar as a Non-executive Non-independent Director, who retires by rotation. Shareholders also approved the re-appointment of Mr. Pranav Deshpande as Whole-Time Director (designated as Executive Director) for a three-year term from 6 April 2025 to 5 April 2028. The AGM also cleared the related party transaction covering Mr. Deshpande's remuneration, based on recommendations from the Nomination and Remuneration Committee and the Audit Committee. Mr. Deshpande has over 20 years of experience in finance, taxation, and real estate, and has been associated with Kirloskar Group companies since 2009.
This is a routine governance update with no material change in leadership. Existing directors have been retained, which signals board continuity, though approval of related party remuneration for the Executive Director is a standard regulatory compliance item.