Kirloskar Electric Company Limited has informed the Exchange regarding the 78th Annual General Meeting of the Company is scheduled to be held on Tuesday, the 16th day of September 2025 at 11.00 AM (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The notice of 78th AGM along with its addendum is enclosed;
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Kirloskar Electric Company has informed the exchanges that its 78th Annual General Meeting (AGM) will be held on Tuesday, September 16, 2025, at 11:00 AM through video conferencing. Key items on the agenda include adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and the re-appointment of Mr. Vijay R Kirloskar (Executive Chairman) who retires by rotation. Special business includes re-appointment of Mr. Anand Balaramacharya Hunnur as Managing Director for 3 years at a remuneration of Rs 2.25 crore per annum, and a revision in Vijay R Kirloskar's remuneration from Rs 5 crore to Rs 5.5 crore per annum. The company has also proposed appointing a new Secretarial Auditor for 5 years and a UAE branch auditor, and ratifying the cost auditors' remuneration. An addendum adds a special resolution to continue the directorship of Independent Director Mr. Ravi Ghai, who turns 75 in February 2026, as required under SEBI regulations. E-voting will run from September 12 to September 15, 2025, with September 9, 2025 as the cut-off date.
This is a routine AGM notice with standard governance items, but shareholders may want to note the proposed increase in the Executive Chairman's pay (from Rs 5 crore to Rs 5.5 crore annually, a 10% hike) and the re-appointment of the Managing Director at Rs 2.25 crore per annum. The continuation of the 75-year-old Independent Director is also subject to shareholder approval. No material financial or strategic announcements are included.