Kirloskar Pneumatic Company Limited has informed the Exchange regarding Notice of Postal Ballot
KIRLPNU · price
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Kirloskar Pneumatic Company Limited has sent out a postal ballot notice to shareholders seeking their approval for the appointment of Mr. Aman Rahul Kirloskar (DIN: 09823056) as Director and Managing Director (also CEO and Key Managerial Personnel) for a 5-year term from April 1, 2026 to March 31, 2031. Mr. Aman, aged 31, is the son of Executive Chairman Mr. Rahul C Kirloskar and currently serves as Vice President of the Air Conditioning and Refrigeration business. His proposed fixed salary is ₹8.50 lakh per month plus a special allowance of ₹4.25 lakh per month, HRA of ₹1.50 lakh per month, and various perquisites, with no stock options. Shareholders can vote electronically through NSDL's platform between February 21, 2026 (9:00 AM) and March 22, 2026 (5:00 PM), with results expected by March 24, 2026.
This is a leadership succession move placing a member of the promoter family at the helm, which provides continuity but also concentrates control within the founding family. Shareholders should review the proposed remuneration structure and the candidate's track record (the ACR business under his leadership achieved record revenue of over ₹1,600 crores) before casting their vote.