Kirloskar Oil Engines Limited has informed the Exchange regarding Resignation of Atul K as Non- Executive Director of the company w.e.f. March 31, 2026.
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Mr. Atul Kirloskar, Chairman and Non-Executive Non-Independent Director of Kirloskar Oil Engines Limited, will resign effective March 31, 2026, citing retirement at age 70. His term as Chairman was already due to expire on the same date, and he has chosen not to seek re-appointment. The Board has approved the appointment of existing director Mr. Rahul Kirloskar as the new Chairman from April 1, 2026. Additionally, Managing Director Ms. Gauri Kirloskar will be designated as Vice-Chairperson from the same date, with her existing terms remaining unchanged. The transition reflects a planned succession within the promoter family.
This is an orderly, pre-announced leadership transition within the promoter family and is unlikely to materially affect operations or stock price. Continuity is maintained as both Rahul Kirloskar (already on the board) and Gauri Kirloskar (Managing Director) take on larger roles.