Kirloskar Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
KIRLOSIND · price
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Awaiting price reaction for this filing.
Kirloskar Industries has informed the stock exchanges that Ms. Pallavi Gokhale (DIN 00036369) has officially joined the board as an Additional Non-Executive Independent Director with effect from 1 July 2025, for a five-year term ending 30 June 2030, subject to shareholder approval. She is a 53-year-old Chartered Accountant and Cost Accountant with over 20 years of consulting experience in governance, risk management, and process optimization across automotive, industrial, and chemical sectors. This is a follow-up to the board's earlier approval on 20 May 2025. The filing also includes the 20 May 2025 board outcome bundle, which covered: appointment of Mr. George Verghese as Managing Director (20 May 2025 to 19 May 2030), a recommended final dividend of Rs 13 (130%) per share for FY25, FY25 standalone PAT of Rs 78.32 crore on total income of Rs 120.57 crore, and appointment of M.J. Risbud & Co. as Secretarial Auditor for five years.
Routine governance update – adds a new independent director with strong audit and risk expertise, which is positive for board oversight and minority shareholder protection. No negative signals; the broader context of a 130% dividend and Rs 78.32 crore standalone profit supports a constructive view for shareholders.