Kirloskar Industries Limited has informed the Exchange regarding 'update of material subsidiary'.
KIRLOSIND · price
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Kirloskar Industries Limited has shared an update from its listed material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), regarding a newspaper notice to members. KFIL's Board has recommended a final dividend of ₹2.50 per equity share (50% on face value of ₹5) for FY2024-25, subject to shareholder approval at the AGM on 4 August 2025. The record date for eligibility has been fixed as Friday, 11 July 2025, and dividend payment will be made on or before 2 September 2025. The notice, published in Financial Express and Loksatta on 4 July 2025, also informs shareholders about TDS deduction on dividend income as per the Income-tax Act, and requests members to update their bank and tax-related details with the RTA (MUFG Intime India) before 11 July 2025.
For Kirloskar Industries shareholders, this is a positive indirect signal as KFIL — a key listed subsidiary — is declaring a healthy 50% final dividend, which could translate into dividend income for the parent company. The 11 July 2025 record date and 4 August AGM are key dates to track for investors holding either KFIL or Kirloskar Industries shares.