Kirloskar Brothers Limited has informed the Exchange regarding Appointment of Internal Auditor, Cost Auditor and Secretarial Auditor of the company.
KIRLOSBROS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kirloskar Brothers Limited's board, at its May 14, 2025 meeting, approved several leadership and audit changes. Mr. Bhavesh Chheda (49, a Chartered Accountant with 23 years of experience, formerly CFO at Thermax Babcock & Wilcox Energy Solutions) has been appointed as Chief Financial Officer and Key Managerial Personnel. Mr. Pradyumna Vyas, former Director of National Institute of Design, has been appointed as an Additional Independent Director for 5 years, subject to shareholder approval. Mr. Sanjay Kirloskar (Chairman and Managing Director, 68 years) has been re-appointed as Managing Director from November 19, 2025 to March 21, 2027, also subject to shareholder approval. The board also appointed PricewaterhouseCoopers (PwC) as Internal Auditor (co-sourced), Dinesh Birla & Associates as Secretarial Auditor for 5 years, and Harshad S. Deshpande & Associates as Cost Auditor, all for FY 2025-26.
These are largely routine governance and audit-related appointments with no material change to business direction. Re-appointment of Sanjay Kirloskar as MD provides continuity in leadership, while the PwC internal auditor appointment brings a big-name firm on board. No immediate share price catalyst expected; shareholder approval will be sought at the upcoming AGM.