Proceedings of 66th Annual general Meeting held on 20th May 2026.
KSB · price
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KSB Limited held its 66th AGM on 20th May 2026 via video conferencing. The meeting approved adoption of audited financial statements for FY 2025 (year ended 31st December 2025), declared a dividend of 220% (INR 4.40 per share), re-appointed Mr. Rajeev Jain as Managing Director for 5 years from 1st July 2026, and appointed M/s B S R & Co. LLP as new Statutory Auditors after M/s Price Waterhouse Chartered Accountants LLP resigned. Key highlights include revenue of INR 26,957 Million (up from INR 25,331 Million), EBITDA of INR 3,873 Million at ~14% margin, and order intake of INR 29,920 Million. Export business contributed 17% of total orders, while solar segment revenues reached INR 2,450 Million. The company received 'Great Place To Work' certification and ESG accolades including 65% green energy usage and 59% GHG emission reduction.
Strong operational performance with revenue and order intake growth, combined with a 220% dividend payout, signals shareholder-friendly outcomes. The change in statutory auditors from Price Waterhouse to B S R & Co. LLP and re-appointment of the Managing Director indicate continuity in leadership. The company's focus on exports, solar, and ESG initiatives positions it well for future growth.