Kirloskar Electric Company Ltd

Senior Management Resignations

• Mr. Arunesh M, Sr. Vice President - Operations (Mysore Unit), has submitted his resignation.
• Mr. Yathiraj B.L., Vice President - Oil Filled Transformers Division, has submitted his resignation.

AGM Details

• AGM held on August 13, 2026 via Video Conferencing / Other Audio Visual Means.
• Voting eligibility cut-off date: August 6, 2026.

Key Resolutions and Outcomes

• Resolution 1 (Ordinary): Adoption of audited standalone and consolidated financials for FY2025-26; passed.
• Resolution 2 (Ordinary): Re-appointment of Rukmini Kirloskar; passed.
• Resolution 3 (Special): Re-appointment of Vijay R Kirloskar as Executive Chairman; passed.
• Resolution 4 (Ordinary): Janaki Kirloskar appointed as Director; passed.
• Resolution 5 (Special): Janaki Kirloskar appointed as Joint Managing Director; passed.
• Resolution 6 (Ordinary): BMS Auditing appointed as branch auditor for Ajman, UAE; passed.
• Resolution 7 (Ordinary): Ratify remuneration of Cost Auditors for FY ending 31-03-2026; passed.
• Resolution 8 (Special): Raise funds via preferential issue to Kirloskar Power Equipments Limited; passed.

Dividend

• No dividend proposed or declared at this AGM.

Director Changes

• Rukmini Kirloskar retires by rotation; re-appointment proposed.
• Janaki Kirloskar appointed as Director; also appointed Joint Managing Director.
• Vijay R Kirloskar re-appointed as Executive Chairman (Whole-time Director).

Auditors and Remuneration

• BMS Auditing appointed as branch auditor for Ajman, UAE.
• Remuneration of Cost Auditors for FY2025-26 ratified.

Related Party Transactions

• Promoter-group related party transaction: preferential issue and allotment of equity to Kirloskar Power Equipments Limited.

AGM Details

• Held on 13 August 2026 via Video Conferencing / Other Audio Visual means.
• Outcome communicated on 14 August 2026.
• No record/book closure dates mentioned.

Key Resolutions

• Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appointment of Ms Rukmini Kirloskar as director retiring by rotation.
• Re-appointment of Mr Vijay R Kirloskar as Executive Chairman (Whole-time Director).
• Appointment of Ms Janaki Kirloskar as Director.
• Promoting Ms Janaki Kirloskar as Joint Managing Director.
• Appointment of M/s. BMS Auditing as Ajman branch auditor.
• Ratification of remuneration of Cost Auditors for year ending 31 March 2026.
• Raising funds via preferential issue to promoter group Kirloskar Power Equipments Limited.

Voting Results

• Adoption of financial statements: Passed.
• Rukmini Kirloskar re-appointment: Passed.
• Vijay R Kirloskar re-appointment: Passed.
• Janaki Kirloskar Director appointment: Passed.
• Janaki Kirloskar Joint Managing Director: Passed.
• BMS Auditing Ajman branch auditor: Passed.
• Cost Auditors remuneration ratified: Passed.
• Promoter group preferential issue: Passed.

Directors & Auditors

• Ms Janaki Kirloskar appointed Director and Joint Managing Director.
• Mr Vijay R Kirloskar re-appointed as Executive Chairman (WTD).
• M/s. BMS Auditing appointed as Ajman branch auditor.
• Cost Auditors' remuneration ratified for FY ending 31 March 2026.

Related Party & Other Approvals

• Promoter group Kirloskar Power Equipments Limited named as recipient of preferential equity issue.

Financial highlights

• Revenue from operations for Q1 FY27: ₹103.9 Crores vs ₹132.2 Crores in Q1 FY26.
• Loss before tax: ₹5.95 Crores in Q1 FY27 vs ₹0.45 Crores profit in Q1 FY26.
• Material cost as % of revenue: 69.1%, down from 71.9% in Q1 FY26.
• Finance costs: ₹5.25 Crores, down 17.3% YoY.
• Order booking: ₹184 Crores; QoQ up 36%, YoY up 28%; book-to-bill 1.79x.
• Mysore transformer intake highest-ever for Q1; cast resin transformer traction in data-centre segment.
• Outlook: conditions to normalize through the balance of the year.
• Promoters' equity infusion strengthens balance sheet and supports operating plans.
• Billing subdued due to macro uncertainties delaying dispatches.

Governance & cost audit

• Audit Committee approved Rao, Murthy & Associates as Cost Auditors for FY2026-27.
• Date of appointment: 13 Aug 2026; term: one year.

Meeting Details

• Board meeting scheduled for August 13, 2026; time and venue not disclosed.

Key Agenda Items

• Approve Ind-AS compliant unaudited standalone and consolidated results for quarter ended June 30, 2026.

Other Notes

• No additional material governance or financial items disclosed.

Arunesh M – VP Operations (Mysore Unit) resignation

• Relieved from services on 31 July 2026 upon resignation; ceased as Vice President - Operations, Mysore Unit.

Yathiraj B.L. – VP Oil Filled Transformers Division resignation

• Relieved from services on 31 July 2026 upon resignation; ceased as Vice President - Oil Filled Transformers Division.

Appointment: Narasimhan K B

• Appointment of Narasimhan K B as Vice President (Country Head) - Sales & Marketing, Senior Management
• Effective date: 31 July 2026; term: Not applicable
• Reason: Joining the senior management team
• Professional profile: 22+ years in heavy electrical equipment; transformers and capital electrical solutions expert
• Disclosure with other directors: Not related to any Directors
• Impact on board/committee: Designated to Senior Management; no board/committee changes