KIRLOSKAR PNEUMATIC COMPANY LIMITED has informed the Exchange about Resignation of Independent director.
KIRLPNU · price
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Mr. Deepak Bagla (DIN 01959175), a Non-Executive and Independent Director, has resigned from the board of Kirloskar Pneumatic Company Limited with immediate effect from July 19, 2025. The reason cited is that he has joined the Government of India and wishes to avoid any potential conflict of interest. He also steps down as a member of the Nomination and Remuneration Committee. The company has recorded its appreciation for his contributions. He does not hold directorships in any other listed companies.
This is a routine, benign board change driven by the director taking up a government role. It is unlikely to materially affect the stock price or operations, though the Nomination and Remuneration Committee will need a replacement member.