Kirloskar Pneumatic Company Limited has informed the Exchange that the Board of Directors at its meeting held on April 27, 2026, has considered and approved subdivision of 1 equity shares of Rs. 2 each into 1 equity shares of Re. 1 each.
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Kirloskar Pneumatic Company reported strong FY2026 results with standalone revenue of Rs. 17,592 million (up 8% YoY) and consolidated revenue of Rs. 17,868 million. Standalone profit after tax grew 22% to Rs. 2,584 million, while consolidated PAT was Rs. 2,543 million. The Board approved a stock split converting 1 share of Rs. 2 face value into 2 shares of Re. 1 each to improve liquidity and make shares accessible to small investors. A final dividend of 425% (Rs. 8.50 per share) was recommended. The company also approved acquiring the remaining 44.74% stake in subsidiary Systems and Components (India) Private Limited for Rs. 12.55 crores, making it a wholly-owned subsidiary. Key leadership appointments include Mr Ranganath N. Krishna as Independent Director and re-appointment of Mr Rahul Kirloskar as Executive Chairman.
The stock split makes shares more affordable for retail investors and should boost trading liquidity. Strong financial performance with 22% PAT growth and a 425% dividend payout signals company confidence. The subsidiary buyout strengthens the group's industrial refrigeration business.