Kirloskar Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
KIRLOSIND · price
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Kirloskar Industries' Board approved its audited standalone and consolidated results for Q4 and FY25 on May 20, 2025, with statutory auditor Kirtane & Pandit LLP issuing an unmodified (clean) opinion. On a standalone basis, total income for FY25 was ₹120.57 Cr and profit after tax rose about 5% to ₹78.32 Cr (vs ₹74.63 Cr in FY24), with basic EPS of ₹76.92. The Board recommended a final dividend of ₹13 per share (130% on face value of ₹10) for FY25, payable by September 12, 2025, subject to shareholder approval. It also allotted 3,425 equity shares under the ESAR Plan 2019, raising paid-up capital to ₹10.41 Cr. Additionally, Mr. George Verghese (44, currently CHRO/Chief of Staff at group company KOEL) was appointed as Additional Director and Managing Director for 5 years from May 20, 2025 to May 19, 2030, and Ms. Pallavi Gokhale (Chartered Accountant and Cost Accountant, age 53) was appointed as an Additional Non-Executive Independent Director for 5 years from July 1, 2025 to June 30, 2030.
Clean audit, a healthy 130% dividend, and a 5% rise in standalone PAT are positives for shareholders. The new MD is an internal Kirloskar Group appointment, suggesting a smooth leadership transition with continuity, while the addition of a finance/consulting experienced Independent Director strengthens the board's governance profile.