Kirloskar Pneumatic Company Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Kirloskar Pneumatic Company has announced the results of its postal ballot concluded on March 22, 2026. The single resolution was to appoint Mr. Aman Rahul Kirloskar (DIN: 09823056) as Director and Managing Director of the company, passed as an Ordinary Resolution. Out of 3,80,06,105 total votes polled (representing 58.51% of outstanding shares), 75.92% voted in favour while 24.08% voted against. The promoter group voted unanimously in favour with 1,56,36,672 shares, while public institutional investors showed notable dissent with 41.52% voting against the resolution. The scrutinizer, SVD & Associates, confirmed the voting process was conducted fairly through NSDL's e-voting platform.
The appointment formalizes the next generation of Kirloskar family leadership at the company. However, the significant 24% dissent, largely driven by public institutional investors, may signal governance concerns that investors should monitor going forward.