Kirloskar Industries Limited has informed the Exchange regarding Cessation of Mr Tejas Deshpande as Independent Director of the company w.e.f. August 28, 2025.
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Mr. Tejas Deshpande has ceased to be an Independent Director of Kirloskar Industries Limited with effect from August 28, 2025, on completion of his second consecutive 5-year term (August 28, 2020 to August 27, 2025). He also stepped down as a member of the Audit Committee and Risk Management Committee of the company. The company has recorded its appreciation for his services during his tenure. No reasons beyond natural end of term have been cited.
This is a routine, scheduled end of tenure and is unlikely to materially affect the stock. Shareholders may watch for the appointment of a new Independent Director to fill the vacancy on the board and key committees.