KIRLOSBROSNSEKirloskar Brothers Limited· Compressors / PumpsMediumNeutral
Announced Wed, 13 May · 14:17 IST

Kirloskar Brothers Limited has informed the Exchange about re-appointment of Joint Managing Director.

Management Changes View source PDF

KIRLOSBROS · price

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Price reaction · full curve 14 horizons · vs prior close
-3.1%1-day move
₹1682.80
prior close
₹1620.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.1-0.8-2.6-3.1-4.6-3.3-4.1-4.3-4.6-3.4+3.6+16.0
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AI summary

Kirloskar Brothers Limited's Board has approved the re-appointment of Ms. Rama Kirloskar as Joint Managing Director for a 5-year term from August 03, 2026 to August 02, 2031. This re-appointment is subject to shareholder approval at the ensuing AGM. Ms. Kirloskar, age 36, has been on the Board since 2017 and Joint MD since 2021. She is related to Mr. Sanjay Kirloskar (Chairman and MD) and Mr. Alok Kirloskar (Non-Executive Non-Independent Director), confirming her as part of the promoter family. The Board also appointed PricewaterhouseCoopers (PwC) as Internal Auditor and Harshad S. Deshpande & Associates as Cost Auditor for FY 2026-27.

Likely market impact

The re-appointment ensures continuity in leadership from the Kirloskar promoter family. Shareholders will vote on this appointment at the AGM, and approval is expected given her existing tenure.