Kirloskar Pneumatic Company Limited has informed the Exchange regarding Change in Director(s) of the company.
KIRLPNU · price
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Kirloskar Pneumatic Company reported strong FY2025-26 results with standalone revenue of Rs 17,592 million (up 8% YoY) and net profit of Rs 2,584 million (up 22% YoY). The Board recommended a final dividend of 425% (Rs 8.50 per share). Key corporate actions include: (1) Re-appointment of Mr Rahul Kirloskar as Executive Chairman for 5 years from January 2027, (2) Appointment of Mr Ranganath Nuggehalli Krishna as Independent Director, (3) Acquisition of remaining 44.74% stake in Systems & Components (India) Private Limited for Rs 12.55 Crores to make it a wholly-owned subsidiary, and (4) Sub-division of equity shares from Rs 2 face value to Re 1 face value (2-for-1 split) to improve liquidity and accessibility to small investors. Three senior officers were elevated to Senior Management.
Strong financial performance with positive outlook. Share split will double share count, making the stock more affordable for retail investors. Full acquisition of subsidiary and new independent director appointment strengthen corporate governance.