Please find enclosed herewith the intimation pursuant to Regulation 30 of the SEBI Listing Regulations, 2015, pertaining to completion of the term of independent directors.
KIRLOSBROS · price
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Kirloskar Brothers Ltd has announced that three independent directors - Mr. Shobinder Duggal, Mr. Shrinivas Dempo, and Ms. Ramni Nirula - have completed their respective terms of 5 years as Non-Executive Independent Directors. All three ceased to be Independent Directors on the Board effective end of business hours on May 24, 2026. With their departure, they also stepped down from committee memberships they held. The company has filed this intimation under SEBI Regulation 30. No new appointments or reasons beyond term completion were disclosed.
The simultaneous completion of three independent directors' terms reduces board independence and may require the company to appoint new independent directors to meet regulatory composition requirements. This is a routine governance matter but affects the board's independent oversight structure.