Kirloskar Brothers Ltd

Arbitration update

• Supreme Court order dated Aug 11, 2026 directs three-member Arbitral Tribunal for DFS disputes.
• Nominee arbitrators appointed: Justice Nitin Madhukar Jamdar for the petitioner; Justice K.R. Shriram for respondents.
• Presiding arbitrator to be jointly appointed within four weeks; seat of arbitration fixed at Pune.
• Arbitrability issues to be decided by the Arbitral Tribunal as a preliminary issue; observations not binding.
• Financial impact is not presently ascertainable; company will inform exchanges of material developments.
• Disputes arise from the 2009 Deed of Family Settlement, including clause 20 arbitration coverage.
• Case concerns non-compete breaches and board reconstitution disputes within Kirloskar group.
• High Court directed arbitration; tribunal to decide merits after Section 16.
• Arbitration statute permits tribunal to set its own procedure and remuneration.
• Appeals disposed; pending interlocutory applications stand closed.

ESG rating disclosure

• ESG Risk Assessments & Insights Limited assigned an ESG rating to Kirloskar Brothers Ltd.
• Company states it did not engage the provider; rating was submitted to BSE independently.
• Rating is accessible on the ESG Risk Assessments site.
• Disclosure under Regulation 30 referencing BSE email dated August 17, 2026.

Meeting Details

• Date and time: August 3, 2026; time not disclosed.
• Type and mode: group earnings conference call, conducted virtually.
• Event/organiser: Kirloskar Brothers Limited Q1 FY27 Earnings Conference Call.
• Key participants: Chairman & MD; MD; Joint MD; CFO; Company Secretary.
• Purpose: discuss unaudited Q1 FY27 results with analysts/investors.
• Transcript available on company website.
• Audio recording available on stock exchange.
• Presentation uploaded on investor information page.

AGM Details

• AGM date/time: 31 July 2026 at 3:00 PM; mode: VC/OAVM.
• Record date: 24 July 2026.
• Total shareholders on record: 65,446.
• Attendance via VC: 7 promoter group, 57 public.

Key Resolutions

• Resolution 1: Adoption of standalone financial statements for FY ended 31 March 2026.
• Resolution 2: Adoption of consolidated financial statements for FY ended 31 March 2026.
• Resolution 3: Declaration of dividend on equity shares for FY ended 31 March 2026.
• Resolution 4: Appointment of Rama Kirloskar as Director (retiring by rotation).
• Resolution 5: Re-appointment of Rama Kirloskar as Joint Managing Director.
• Resolution 6: Ratification of remuneration payable to Harshad S Deshpande & Associates, Cost Accountants.

Voting Results

• Resolution 1 passed with 66.98% in favour; 33.02% against.
• Resolution 2 passed with 66.98% in favour; 33.02% against.
• Resolution 3 passed with 99.999% in favour; 0.0001% against.
• Resolution 4 passed with 66.36% in favour; 33.64% against.
• Resolution 5 passed with 55.46% in favour; 44.54% against.
• Resolution 6 passed with 99.9998% in favour; 0.0002% against.

Dividend Note

• Dividend declared on equity shares; amount per share not disclosed.

Director Changes

• Rama Kirloskar appointed as Director (retiring by rotation).
• Rama Kirloskar re-appointed as Joint Managing Director.

Auditors and Related Matters

• Remuneration payable to Cost Auditor ratified.
• No material related-party transactions disclosed at the AGM.

AGM Details

• AGM held on 31 July 2026, 03:00–04:20 PM via Video Conference/Other Audio Visual Conference.

Key Resolutions

• Ordinary: Adopt standalone financial statements for FY ended March 31, 2026.
• Ordinary: Adopt consolidated financial statements for FY ended March 31, 2026.
• Ordinary: Declare dividend on equity shares for FY ended March 31, 2026.
• Special: Appoint director in place of Rama Kirloskar, retiring by rotation.
• Ordinary: Re-appoint Rama Kirloskar as Joint MD from 03-08-2026 to 02-08-2031; remuneration.
• Ordinary: Ratify remuneration payable to Cost Auditors for FY 2026-27.

Voting and Results

• Voting results pending; to be informed after scrutinizer's report.

Standalone results

• Revenue from operations ₹6,738 mn; total income ₹6,898 mn for Q1 FY27.
• Expenses ₹6,171 mn; major items: materials ₹3,998 mn, employee benefits ₹1,035 mn, other ₹1,407 mn.
• PBT before exceptional ₹727 mn; exceptional item ₹262 mn; tax ₹187 mn; PAT ₹540 mn.
• Dividend from group company ₹11.375 mn in quarter.
• EPS (basic and diluted) ₹6.80 per share.
• Single segment: Fluid Machinery and Systems.
• Notes indicate Labour Codes past service cost; non-recurring.

Consolidated results

• Revenue from operations ₹11,049 mn; total income ₹11,197 mn.
• Expenses ₹10,246 mn; major items: materials ₹5,438 mn, employee benefits ₹2,123 mn, other ₹2,388 mn.
• PBT before exceptional ₹951 mn; exceptional items ₹258 mn; tax ₹284 mn; PAT ₹667 mn.
• Share in profit of JV ₹9 mn; net profit from continuing operations ₹676 mn.
• Total comprehensive income ₹720 mn; EPS ₹8.39 per share.
• Revenue by geography: India ₹6,820 mn; outside India ₹4,229 mn.

Meeting Details

• Analysts’ meet on 3 August 2026 at 2:00 p.m. IST via conference call.
• Virtual earnings call organized by Kirloskar Brothers Limited.

Participants

• Chairman & Managing Director
• Non-Executive and Non-Independent Director
• Managing Director - Kirloskar Brothers International B.V. (Netherlands)
• Managing Director - SPP Pumps Limited (UK)
• Joint Managing Director
• Managing Director - Kirloskar Ebara Pumps Limited
• Chief Financial Officer

Purpose

• Discuss Q1 FY27 unaudited results for the quarter ended June 30, 2026.
• Earnings call to facilitate investor interaction on results.

Availability

• Presentation to be uploaded on the company website prior to the meeting.

Order details

• Awarding entity: Saipem Offshore Construction SPA (international).
• Nature: supply vertical pumps and spares.
• Total value: GBP 11,674,520.
• Execution: 52-60 weeks from order receipt.
• Key terms: 10% performance bond; 5% warranty bond.
• Promoter/related party: none; not related party.

Dematerialisation status

• Securities dematerialised during the quarter are listed on the stock exchanges where existing issues are listed.
• Compliance certificate uploaded on the company's website.