Kirloskar Industries Limited has submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure concerns Avante Spaces Limited, a Wholly-Owned Subsidiary of Kirloskar Industries Limited. Based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors of Avante Spaces Limited in its meeting held on 18 September 2026 approved the appointment of Mr. George Verghese (DIN: 11068946) as an Additional Director of the company with effect from 18 September 2026.

Additionally, the Board of Avante Spaces Limited approved the appointment of Mr. George Verghese as the Managing Director of the company with effect from 18 September 2026. This appointment was based on the recommendations of both the Nomination and Remuneration Committee and the Audit Committee. The appointment as Managing Director is subject to the approval of the members of Avante Spaces Limited.

Profile of Mr. George Verghese

  • Age: 45 years
  • Education: Master's Degree in Management from XLRI Jamshedpur; Bachelor's Degree in Engineering from College of Engineering, Munnar
  • Current Position: Managing Director of Kirloskar Industries Limited (KIL)
  • Experience: Senior business leader with over two decades of experience across corporate leadership, business transformation, strategy execution, governance, and organisational development
  • Background: Works closely with leadership teams and boards across multiple Kirloskar Group companies on strategic direction, operational alignment, institutional strengthening, and long-term value creation
  • Previous Roles: Held senior leadership positions with Dell International Services, Cummins, Reliance Communications, and UST Global
  • Specific Contributions: Played a key role in supporting strategic turnaround and execution initiatives at Kirloskar Oil Engines Limited (KOEL); contributed to leadership alignment, business restructuring, capability building, and organisational modernisation efforts across the Kirloskar ecosystem
  • Additional Activities: Actively contributes to governance and association with various boards and academic institutions

Governance Details

The disclosure confirms there are no relationships between directors to disclose in relation to this appointment (marked as NA in the annexure).

The document was digitally signed by Ashwini Mali, Company Secretary & Compliance Officer of Kirloskar Industries Limited, on 18 September 2026 at 11:18:09 IST.