Kirloskar Pneumatic Company Limited has informed the Exchange about change in Management
KIRLPNU · price
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Kirloskar Pneumatic reported strong FY2026 results with standalone revenue of Rs 1,758 crore (up 8% YoY) and net profit of Rs 258.4 crore (up 22% YoY). EPS stood at Rs 39.80. The Board recommended a 425% dividend (Rs 8.50 per share) and approved a 2-for-1 stock split (face value from Rs 2 to Re 1) to improve liquidity for smaller investors. The company will acquire the remaining 44.74% stake in subsidiary Systems & Components (India) for Rs 12.55 crore to make it a wholly-owned subsidiary. Rahul Kirloskar was re-appointed as Executive Chairman for 5 years (Jan 2027-Jan 2032), and Mr Ranganath Nuggehalli Krishna was appointed as Independent Director. Three senior executives (Nitin Pai, Ganesh Chaudhari, Samit Gujarathi) were elevated to Senior Management.
Strong financial performance and the stock split should attract retail investors and improve liquidity. The dividend provides immediate shareholder returns. Subsidiary full acquisition strengthens control over refrigeration business.