KIRLPNU · price
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Kirloskar Pneumatic Company announced the results of its postal ballot conducted via remote e-voting between August 27 and September 25, 2025. The single special resolution was to re-appoint Mr. Tejas Deshpande (DIN 01942507) as an Independent Director for a second term of five years. Out of 4,57,12,047 valid votes polled, 3,82,44,481 votes (83.66%) were cast in favour and 74,67,566 votes (16.34%) were cast against the resolution. The resolution was passed with the required special majority. Promoters voted 100% in favour, while public institutional investors were more split (~63% in favour) and public non-institutional shareholders largely supported it (~85% in favour).
The re-appointment of the independent director is now confirmed, providing continuity on the board. Strong promoter support and overall 83.66% approval signals shareholder confidence, though the 16.34% dissent (notably from public institutions) is worth noting for corporate governance watchers.