Kirloskar Electric Company Limited has submitted the Exchange the details of the e-voting results of the said Postal Ballot in the format prescribed under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the Scrutinizer's Report dated 07th April 2026.
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Kirloskar Electric Company Limited has announced the results of a postal ballot conducted to approve a related party transaction involving the appointment of Ms. Janaki Kirloskar, the Chief Executive Officer, to any office or place of profit. The resolution was passed as an Ordinary Resolution with overwhelming shareholder approval. Out of 66.41 million total shares, only 3.12 million votes were cast (4.7% voter turnout), with 3.11 million votes (99.93%) in favor and just 2,334 votes (0.07%) against. The scrutinizer confirmed no invalid votes were recorded. Promoter and promoter group had declared interest in this resolution.
The resolution passing with near-unanimous approval means the related party transaction for the CEO's appointment has been ratified by shareholders. While the low turnout raises questions about broader shareholder engagement, the overwhelming support signals confidence in the management's decision. This eliminates regulatory uncertainty around the CEO's appointment structure.