Kirloskar Industries Limited submitted a regulatory filing to BSE and NSE regarding updates from its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). The filing contained KFIL's intimation under Regulation 30 of SEBI (LODR) Regulations, 2015.

KFIL's board meeting held on 21 September 2026 resulted in several key decisions:

(A) Co-option of Additional Director and Appointment as Joint Managing Director

  • Mr. Ajay Shriram Patil (DIN: 01217000) was co-opted as an Additional Director
  • Appointed as Joint Managing Director and designated as Key Managerial Person
  • Term: Three years effective from 21 September 2026
  • Subject to approval of company members

Profile of Mr. Ajay Shriram Patil:

  • Age: 62 years
  • Qualifications: Post Graduate in Commerce, Cost and Management Accountant (CMA)
  • Experience: 36+ years in leadership roles across multinational industrial and manufacturing organizations
  • Previous companies: Cummins, Honeywell, Eaton, RSB Transmission (India) Limited (Global CFO)
  • Board experience: Independent Director of Ingersoll-Rand (India) Limited and KSH International Limited
  • Educational association: School of Sustainability at IIT Madras
  • Shareholding: Does not hold any equity shares in KFIL
  • Not related to any other director on the board
  • Not debarred from directorship per SEBI Circular No. LIST/COMP/14/2018-19 dated 20 June 2018

(B) Cut-off Date for Postal Ballot and E-voting

  • Cut-off date fixed as Friday, 2 October 2026
  • Purpose: Ascertaining list of members for postal ballot notice distribution via email
  • Voting rights proportional to paid-up equity share capital as on cut-off date
  • Compliance: Companies Act, 2013 rules, SEBI (LODR) Regulations, 2015 and related circulars

(C) Appointment of Senior Management Person

  • Mr. Ankur Gupta appointed as Deputy Chief Financial Officer
  • Effective from 1 October 2026
  • Appointment based on recommendation of Nomination and Remuneration Committee and board approval

Profile of Mr. Ankur Gupta:

  • Age: 46 years
  • Qualifications: Graduate in Commerce, Chartered Accountant (since 2001)
  • Experience: 25 years in engineering and automotive industries
  • Current position: Chief Financial Officer of B2B business at Kirloskar Oil Engines Limited (since 2019)
  • Previous associations: Motherson Sumi Systems Limited (13 years), Surya Roshni Limited (5 years)
  • Education: Recently completed ISB-NUS Global Advanced Management Program
  • Recognitions: Circle of Excellence award from Kirloskar Oil Engines Limited (FY2020-2021), Excellence in Building a High-Performance Team award from CFONEXT100
  • Responsibilities include subsidiary performance reviews, accounting policies, audit compliance, pricing decisions, M&A discussions, and capital expenditure evaluation

Financial Impact

Financial impact not quantified in the disclosure.