Kirloskar Industries Limited has informed the Exchange regarding 'update of material subsidiary'.
KIRLOSIND · price
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Kirloskar Industries Limited informed the exchanges that its listed material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), has appointed M/s. M. J. Risbud & Co., Company Secretaries as its Secretarial Auditor. The appointment was made by KFIL's Board on 9 May 2025 on the recommendation of its Audit Committee, for a term of five consecutive years covering the 34th to 39th Annual General Meetings. The appointment is subject to shareholder approval at KFIL's ensuing AGM. M/s. M. J. Risbud & Co. is a Pune-based proprietorship firm led by Mr. Mahesh Janardan Risbud, practicing since 1979 and holding a valid ICSI peer review certificate. This is a routine corporate governance disclosure and does not involve any operational or financial change.
This is a routine compliance-related disclosure with no material impact on the company's financials, business, or stock price. Shareholders of Kirloskar Industries will note that KFIL will seek their approval for the auditor appointment at its upcoming AGM.