Kirloskar Pneumatic Company Limited has informed the Exchange regarding Resignation of Mr Deepak Bagla as Non- Executive Independent Director of the company w.e.f. July 19, 2025.
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Kirloskar Pneumatic Company has informed the exchanges about the resignation of Mr. Deepak Bagla (DIN 01959175) as Non-Executive Independent Director, effective July 19, 2025. The reason cited is that Mr. Bagla has joined the Government of India and resigned to avoid any potential conflict of interest. Consequently, he also ceases to be a member of the Nomination and Remuneration Committee. The company has placed on record its appreciation for his contributions during his tenure as an Independent Director. He does not hold any directorship or committee membership in other listed companies.
This is a routine corporate governance disclosure with no negative implication for the company. The resignation is voluntary and due to Mr. Bagla's new role with the Government of India. Investors should monitor whether the company appoints a replacement Independent Director within the timelines prescribed under SEBI Listing Regulations.