Kirloskar Oil Engines Limited has informed the Exchange regarding Change in Director(s) of the company.
KIRLOSENG · price
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Mr. Atul Kirloskar, Chairman and Non-Executive Director of Kirloskar Oil Engines, will step down from the board with effect from March 31, 2026, after reaching the age of 70 years. He was originally re-appointed as Chairman in April 2024 for a two-year term and has chosen not to seek renewal. Mr. Rahul Kirloskar, an existing Non-Executive Non-Independent Director, has been appointed as the new Chairman from April 1, 2026, based on the Nomination and Remuneration Committee's recommendation. Additionally, Gauri Kirloskar, the current Managing Director, will be designated as Vice-Chairperson from April 1, 2026, with her existing MD terms and remuneration unchanged. The transition is therefore a fully internal, family-led succession at the top of the board.
This is an orderly, planned leadership change within the promoter family, so there is no disruption to operations or strategy expected. Shareholders should note that board control remains firmly with the Kirloskar family, which provides continuity but also keeps the company under concentrated family influence going forward.