Kirloskar Electric Company Limited has informed the Exchange regarding Appointment of Mr. Sudheendra P Ghali (Membership no. FCS no. 7037 & COP no. 7537), Proprietor of M/s. S. P. Ghali & Co., Company Secretary, Belgaum, as the Secretarial Auditors of the Company for a period of five (5) consecutive years, commencing from financial year 2025-26 till financial year 2029-30, to conduct Secretarial Audit of the Company and to furnish the Secretarial Audit Report.
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Kirloskar Electric's Board, at its meeting on July 10, 2025, approved three items. First, the re-appointment of Mr. Anand B Hunnur (DIN: 06650798) as Managing Director for another 3-year term starting July 12, 2025, subject to shareholder approval. Mr. Hunnur, aged 64, has been with the company since 2011 and was previously MD from 2017-2019 before being reappointed in 2022. Second, Mr. Sudheendra P Ghali (Proprietor of M/s. S. P. Ghali & Co., Belgaum) was appointed as Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval. Third, M/s. T. Sriram, Mehta & Tadimalla, Chartered Accountants, Bangalore, was appointed as Internal Auditor for FY 2025-26. All appointments are based on recommendations of the Nomination and Remuneration Committee and Audit Committee.
These are routine governance and compliance-related appointments with no material impact on the stock. Re-appointment of the existing Managing Director ensures leadership continuity, while the auditor appointments are standard regulatory requirements.