Key Resolution

Special Resolution for appointment of Mr. Sandeep Gokhale (DIN 00693885) as an Independent Director for a first term of five consecutive years with effect from 1 September 2026 to 31 August 2031.

Voting Details

  • Cut-off date for voting eligibility: Friday, 28 August 2026
  • Remote e-voting period: Saturday, 5 September 2026 at 9:00 AM IST to Sunday, 4 October 2026 at 5:00 PM IST
  • Results announcement: On or before Tuesday, 6 October 2026
  • Service provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mrs. Manasi Paradkar, Practicing Company Secretary, Pune (Membership No. FCS 5447 CP No. 4385)

Director Background

Mr. Sandeep Gokhale (Age 64 years) holds Bachelor of Engineering (Electrical) degree and MBA in Finance. He is a seasoned corporate strategist and project finance expert with nearly 40 years of experience across engineering, financial, and natural resources sectors. He currently serves as an Advisor to JSW Group.

Professional Experience

  • Began career in 1984 at Siemens Limited in engineering and sales
  • Worked in ICICI's project financing division evaluating techno-economic viability and risk
  • Joined Sterlite Industries (later Vedanta Resources) in 1993, serving as Director of Business Development
  • Served as Group President - Business Development at JSW Group from 2009 to March 2022
  • Collaborated extensively with government departments, financial institutions, banks, law firms, and consultancy agencies

Current Directorships

  • Raja Bahadur International Limited: Independent Director
  • Avante Spaces Limited: Additional Director
  • JSW Realty Private Limited: Director

Committee Positions

At Raja Bahadur International Limited:

  • Nomination and Remuneration Committee: Chairman
  • Audit Committee: Member
  • Stakeholders' Relationship Committee: Member

Independence Declaration

Mr. Gokhale has provided declarations that he meets the criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of SEBI LODR Regulations. He is not disqualified from being appointed as a Director under Section 164 of the Companies Act, 2013.

Shareholding

Mr. Sandeep Gokhale does not hold any equity shares of the Company.

Board Recommendation

The Board recommends the Special Resolution based on the recommendation of the Nomination and Remuneration Committee. The Board considers Mr. Gokhale possesses appropriate balance of skills, experience and knowledge in strategy, finance, corporate restructuring, and infrastructure planning and development.

Document Availability

The Postal Ballot Notice is available on company website (www.kirloskarindustries.com), stock exchange websites (BSE and NSE), and NSDL website (www.evoting.nsdl.com).

Registrar and Transfer Agent

MUFG Intime India Private Limited