Kirloskar Pneumatic Company Limited has informed the Exchange regarding Change in Director(s) of the company.
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 given is that he has joined the Government of India and wishes to avoid any potential conflict of interest. As a result, he has also stepped down from the Nomination and Remuneration Committee. The company has placed on record its appreciation for his contributions. He does not hold any directorships or committee memberships in other listed companies.
This is a routine, non-disruptive change. Since Mr. Bagla was an independent director stepping down for a government role — not due to any governance issues — the impact on shareholders and the stock is expected to be minimal. The company will need to fill the vacant independent director position within the timelines prescribed under SEBI rules.