Kirloskar Oil Engines logo

Kirloskar Oil Engines MD, chairman, board of directors and AGM

NSE: KIRLOSENGBSE: 533293Industrial ProductsSmall Cap

Last close ₹1,784.70down ₹84.30 (4.51%)BSE ₹1,784.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,869.00.

52-week range of traded prices to 23 Oct 2026
₹883.40Low, 23 Oct 2025₹2,720.00High, 23 Jun 2026
Market cap
₹25,971 Cr323rd largest listed
P/E
48.1
P/B
7.2
Dividend yield
0.39%
ROE
16.1%
ROCE
13.6%
Debt to equity
1.49
Volume, NSE
4,57,94854.4% delivered

Kirloskar Oil Engines board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorGauri Atul Kirloskar
  • ChairpersonRahul Chandrakant KirloskarRelated to the promoter
  • Company Secretary and Compliance OfficerFarah Irani

10 directors7 independent1 executive2 non-executive

  • Gauri Atul Kirloskar · Managing directorExecutive · joined Jun 2014 · reappointed May 2025 · 1 listed board · 4 committee seats
  • Rahul Chandrakant Kirloskar · ChairpersonNon-executive · joined Mar 2010 · reappointed Mar 2010 · 4 listed boards · 3 committee seats, 1 as chair
  • Vinesh Kumar JairathNon-executive · joined Jan 2016 · reappointed Jan 2016 · 3 listed boards · 1 as independent · 5 committee seats, 2 as chair
  • Satish JamdarIndependent · joined May 2017 · reappointed Aug 2022 · 106 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
  • Kandathil Mathew AbrahamIndependent · joined Aug 2019 · reappointed Aug 2024 · 82 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Shalini SarinIndependent · joined Oct 2019 · reappointed Oct 2024 · 80 months as independent · 6 listed boards · 6 as independent · 4 committee seats, 1 as chair
  • Yogesh KapurIndependent · joined Sep 2021 · reappointed Sep 2021 · 57 months as independent · 6 listed boards · 6 as independent · 10 committee seats, 5 as chair
  • Purvi ShethIndependent · joined May 2022 · reappointed May 2022 · 49 months as independent · 5 listed boards · 5 as independent · 1 committee seat
  • Arvind Hari GoelIndependent · joined May 2023 · reappointed May 2023 · 37 months as independent · 3 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • Srikumar VijayasekharanIndependent · joined Nov 2025 · reappointed Nov 2025 · 7 months as independent · 2 listed boards · 2 as independent · 4 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Kirloskar Atul Chandrakant, left 31 Mar 2026: Others
  • Mahesh Ramchand Chhabria, left 31 Mar 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 14 May 20269 of 10 present6 independent · 64 days in between
    • 10 Mar 202610 of 11 present6 independent · 26 days in between
    • 11 Feb 202611 of 11 present7 independent

  • Audit Committee

    Chair Kandathil Mathew Abraham

    Vinesh Kumar Jairath, Satish Jamdar, Yogesh Kapur, Arvind Hari Goel, Srikumar Vijayasekharan

    • 14 May 20265 of 6 present4 independent · 64 days in between
    • 10 Mar 20266 of 6 present5 independent · 26 days in between
    • 11 Feb 20266 of 6 present5 independent

  • Nomination and remuneration committee

    Chair Satish Jamdar

    Purvi Sheth, Rahul Chandrakant Kirloskar

    • 14 May 20262 of 3 present1 independent · 64 days in between
    • 10 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Yogesh Kapur

    Gauri Atul Kirloskar, Purvi Sheth

    • 24 Apr 20263 of 3 present2 independent · 108 days in between
    • 5 Jan 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Satish Jamdar

    Shalini Sarin, Kandathil Mathew Abraham

    • 14 May 20262 of 3 present2 independent · 91 days in between
    • 11 Feb 20263 of 3 present3 independent

  • Corporate Social Responsibility Committee

    Chair Rahul Chandrakant Kirloskar

    Gauri Atul Kirloskar, Shalini Sarin

    • 14 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • G.D.Apte and Co.Peer-review certificate valid to Nov 2026
1 earlier auditor
  • GD Apte & CoNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Kirloskar Oil Engines AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Kirloskar Oil Engines dividend history

Postal ballot, 20 Sep 2026

1,37,843 shareholders on the register on 14 Aug 2026; votes counted by Manasi Paradkar / Manasi Paradkar & Associates.The company's voting result (opens in a new tab)

  1. To Consider and Approve the increase in the Employees Stock Option Grant Pool and Amendment in the Kirloskar Oil Engines Limited – Employee Stock Option Plan 2019 (KOEL ESOP 2019)
    SpecialNot passedRecorded as not passed although most votes were for it; no reason is given
    70.35% for29.65% against

    Against: promoters 0.00% · institutions 66.98% · other public 1.22%

    Turnout: all 73.79% · promoters 99.67% · institutions 86.46% · other public 1.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 7 Aug 2026, 6 resolutions

1,36,519 shareholders on the register on 31 Jul 2026; present: 11 promoters and 39 others; votes counted by Manasi Paradkar / Manasi Paradkar & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements and the Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026 together with the Boards' Report and the Auditors thereon.MoreLess
    Ordinary
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.51% · other public 0.15%

    Turnout: all 72.63% · promoters 99.59% · institutions 84.60% · other public 0.53%

  2. Declaration of final dividend of Rs. 4.50/- per equity share (225%) and confirmation of Interim Dividend of Rs. 2.50/- per equity share (125%) already paid during the year for the Financial Year ended 31st March 2026MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 72.66% · promoters 99.59% · institutions 84.68% · other public 0.54%

  3. Approval for the re-appointment of Mr. Rahul C. Kirloskar, Director [DIN: 00007319] who retires by rotation.
    Ordinary
    99.30% for0.70% against

    Against: promoters 0.00% · institutions 1.60% · other public 0.16%

    Turnout: all 72.66% · promoters 99.59% · institutions 84.68% · other public 0.54%

  4. Approval to the re-appointment of M/s. G. D. Apte & Co., Chartered Accountants, (Firm Registration No. 100515W) as the Statutory Auditors of the Company, to hold the office for a second term of 5 consecutive years from the conclusion of 17th AGM till the conclusion of the 22nd AGM of the Company to be held in the year 2031 and to fix their remuneration as stated in the notice of AGM.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.19%

    Turnout: all 72.66% · promoters 99.59% · institutions 84.68% · other public 0.54%

  5. Ratification and confirmation of remuneration payable to Cost Auditors, M/s Parkhi Limaye & Co., Cost Accountants, Pune for the financial year ending 31st March, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 72.66% · promoters 99.59% · institutions 84.68% · other public 0.54%

  6. Approval to the re- appointment of Mr. Yogesh Kapur [DIN: 00070038] as an Independent Director of the Company to hold the office for a second term of 5 (five) consecutive years with effect from 29th September, 2026.MoreLess
    Special
    85.35% for14.65% against

    Against: promoters 0.00% · institutions 33.59% · other public 0.16%

    Turnout: all 72.66% · promoters 99.59% · institutions 84.68% · other public 0.54%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Jan 2026, 1 resolution

1,03,841 shareholders on the register on 12 Dec 2025; votes counted by Manasi Paradkar / Manasi Paradkar & Associates.The company's voting result (opens in a new tab)

  1. To approve the appointment of Mr. Srikumar Vijayasekharan (DIN: 07810464) as an Independent Director of the Company for a first term of five [5] consecutive years w.e.f. 11th November, 2025.
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.14% · other public 1.07%

    Turnout: all 74.53% · promoters 99.62% · institutions 91.61% · other public 0.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 7 Aug 2025, 7 resolutions

1,11,873 shareholders on the register on 31 Jul 2025; present: 12 promoters and 47 others; votes counted by Manasi Paradkar / Manasi Paradkar & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements and the Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025 together with the Boards' Report and the Auditors thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.65%

    Turnout: all 73.87% · promoters 99.67% · institutions 91.68% · other public 0.46%

  2. Declaration of final dividend of Rs. 4/- per equity share (200%) and confirmation of Interim Dividend of Rs. 2.50/- per equity share (125%) already paid during the year for the Financial Year ended 31st March 2025MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.64%

    Turnout: all 73.89% · promoters 99.67% · institutions 91.74% · other public 0.46%

  3. Approval to the reappointment of Mr. Vinesh Kumar Jairath, Director [DIN: 00391684] who retires by rotation.
    Ordinary
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 0.87% · other public 12.99%

    Turnout: all 73.89% · promoters 99.67% · institutions 91.74% · other public 0.46%

  4. Ratification and confirmation of remuneration payable to Cost Auditors, M/s Parkhi Limaye & Co., Cost Accountants, Pune for the financial year ending 31st March, 2026.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.71%

    Turnout: all 73.89% · promoters 99.67% · institutions 91.74% · other public 0.46%

  5. Approval to the appointment of M. J. Risbud & Co., Practicing Company Secretaries, as the Secretarial Auditors of the Company, to hold the office for a period of 5 consecutive years commencing from the conclusion of 16th AGM till the conclusion of the 21st AGM of the Company who shall conduct Secretarial Audit of the Company, from and including, the Financial Year ended 31 March 2026 to the Financial Year ended 31 March 2030.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 12.97%

    Turnout: all 73.88% · promoters 99.67% · institutions 91.73% · other public 0.46%

  6. Approval to the re- appointment of Ms. Gauri Kirloskar [DIN: 03366274] as a Whole-Time Director designated as the Managing Director of the Company to hold the office for a period of 3 years commencing from 20th May 2025MoreLess
    Ordinary
    97.60% for2.40% against

    Against: promoters 0.00% · institutions 5.37% · other public 12.95%

    Turnout: all 73.89% · promoters 99.67% · institutions 91.74% · other public 0.46%

  7. Consent to the Board of Directors of the Company and Arka Fincap Limited (“AFL” – a step-down material subsidiary company) for sell/ disposal/ transfer/ assignment/ securitisation of assets including, present and/or future loan receivables/book, book debts and investments of AFL exceeding 20% of the assets of AFL, in one or more tranches during any Financial Year but not exceeding Rs. 3,000 Crores in any Financial Year.MoreLess
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.85%

    Turnout: all 73.89% · promoters 99.67% · institutions 91.74% · other public 0.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Aug 2024, 6 resolutions

Present: 11 promoters and 40 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements and the Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2024 together with the Reports of the Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 70.52% · promoters 99.67% · institutions 82.67% · other public 0.52%

  2. Declaration of Final Dividend of Rs. 3.50/- per equity share (i.e. 175%) and confirmation of Interim Dividend of Rs. 2.50/- per equity share (i.e. 125%) already paid during the year for the Financial Year ended 31st March 2024.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 70.61% · promoters 99.67% · institutions 82.91% · other public 0.52%

  3. Re-Appointment of Mr. Mahesh Chhabria (DIN 00166049) who retires by rotation.
    Ordinary
    97.93% for2.07% against

    Against: promoters 0.00% · institutions 4.97% · other public 0.51%

    Turnout: all 70.61% · promoters 99.67% · institutions 82.91% · other public 0.52%

  4. Ratification and confirmation of the remuneration payable to the Cost Auditor.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 70.61% · promoters 99.67% · institutions 82.91% · other public 0.52%

  5. Re-appointment of Mr. Kandathil Mathew Abraham (DIN 05178826) as an Independent Director of the Company to hold the office for a second term of 5 (Five) consecutive years with effect from 10th August 2024, whose period of office is liable to expire on 9th August 2024.MoreLess
    Special
    99.70% for0.29% against

    Against: promoters 0.00% · institutions 0.71% · other public 0.52%

    Turnout: all 70.61% · promoters 99.67% · institutions 82.91% · other public 0.52%

  6. Re-appointment of Dr. Shalini Sarin (DIN 06604529) as an Independent Director of the Company to hold the office for a second term of 5 (Five) consecutive years with effect from 25th October 2024, whose period of office is liable to expire on 24th October 2024.MoreLess
    Special
    99.62% for0.38% against

    Against: promoters 0.00% · institutions 0.91% · other public 0.49%

    Turnout: all 70.61% · promoters 99.67% · institutions 82.91% · other public 0.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Apr 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Re- appointment of Mr. Atul kirloskar as the Chairman and Non-Executive Director of the Company
    Ordinary
    80.12% for19.88% against

    Against: promoters 0.00% · institutions 49.30% · other public 0.39%

    Turnout: all 71.37% · promoters 99.61% · institutions 83.51% · other public 6.37%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 11 Aug 2023, 6 resolutions

Present: 11 promoters and 47 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements and the ConsolidatednFinancial Statements of the Company for the Financial Year ended 31 st Marchn2023 together with the Reports of the Board of Directors and the AuditorsnthereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.25%

    Turnout: all 68.73% · promoters 99.63% · institutions 81.33% · other public 0.66%

  2. Declaration of Final Dividend of Rs. 2.50/- per equity share (i.e. 125%) andnconfirmation of Interim Dividend of Rs. 2.50/- per equity share (i.e. 125%)nalready paid during the year for the Financial Year ended 31 st March 2023MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 68.83% · promoters 99.63% · institutions 81.64% · other public 0.65%

  3. Re-Appointment of Mr. Rahul Kirloskar (DIN 00007319), who retires by rotation
    Ordinary
    99.51% for0.49% against

    Against: promoters 0.00% · institutions 1.22% · other public 0.60%

    Turnout: all 68.83% · promoters 99.63% · institutions 81.64% · other public 0.66%

  4. Ratification and confirmation of remuneration payable to Cost Auditors,nM/s Parkhi Limaye & Co., Cost Accountants, Pune for the financial year endingn31 st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 68.83% · promoters 99.63% · institutions 81.64% · other public 0.66%

  5. Appointment of Mr. Arvind Goel (DIN 02300813) as an Independent Director ofnthe Company to hold office for a first term of five (5) consecutive years withneffect from 19 th May 2023
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.29%

    Turnout: all 68.83% · promoters 99.63% · institutions 81.64% · other public 0.66%

  6. Alteration of Object Clause of the Memorandum of Association of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.01% · institutions 0.00% · other public 0.69%

    Turnout: all 68.82% · promoters 99.63% · institutions 81.64% · other public 0.60%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Apr 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Atul kirloskar as the Chairman and Non-Executive Director of the Company
    Ordinary
    67.07% for32.93% against

    Against: promoters 0.00% · institutions 87.80% · other public 0.96%

    Turnout: all 65.89% · promoters 99.31% · institutions 74.65% · other public 0.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 20 Sep 2026, 14 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To Consider and Approve the increase in the Employees Stock Option Grant Pool and Amendment in the Kirloskar Oil Engines Limited – Employee Stock Option Plan 2019 (KOEL ESOP 2019)
    Against Angel One Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund, Jio BlackRock Mutual Fund, LIC Mutual Fund, Navi Mutual Fund, Sundaram Mutual Fund
    • Angel One Mutual FundKOEL ESOP 2019 Scheme provides discretion to the Committee to decide the Exercise Period other than as mentioned in the Notice. Such discretion does not align with the intended purpose of the law.Governance and Transparency Concern: The Committee has discretion to determine the exercise period to be any other period; hence, there is a possibility that the Exercise Period may vary from employee to employee.
    • DSP Mutual Fund, Jio BlackRock Mutual Fund, Sundaram Mutual FundThe company seeks approval to increase the pool size to 1,500,000 stock options from 1,400,000 options under the KOEL ESOP 2019 scheme. The company states that the existing pool is utilised and is seeking approval to increase the pool size to further allot stock options. The incremental dilution of the scheme due to increase in stock options by 100,000 will be ~0.1% of the expanded capital base, as on 30 June 2026. However, as per the scheme, the stock options can be granted at a significant discount of up to 40% to market price. We do not favour schemes where the exercise price can be at a significant discount to the prevailing market price. ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the options are issued at significant discount to the market price. Given the concern on the exercise price of the original scheme, we do not support the proposed amendments to KOEL ESOP 2019 scheme.
    • Edelweiss Mutual Fund, LIC Mutual Fund, Navi Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations: KOEL ESOP 2019 Scheme provides discretion to the Committee to decide the Exercise Period other than as mentioned in the Notice. Such discretion does not align with the intended purpose of the law. Governance and Transparency Concern: The Committee has discretion to determine the exercise period to be any other period; hence, there is a possibility that the Exercise Period may vary from employee to employee.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because: The scheme permits issuance of options at a discount of up to 40% to the prevailing market price on the grant date and vesting shall primarily be time-based. While performance-based vesting may be applicable, the performance conditions/weightages/targets have not been disclosed.
    6 for8 against

Mutual fund votes, meeting of 7 Aug 2026, 14 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of Audited Standalone Financial Statements and the Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026 together with the Boards' Report and the Auditors thereon.MoreLess
    14 for0 against
  • Declaration of final dividend of Rs. 4.50/- per equity share (225%) and confirmation of Interim Dividend of Rs. 2.50/- per equity share (125%) already paid during the year for the Financial Year ended 31st March 2026MoreLess
    14 for0 against
  • Approval for the re-appointment of Mr. Rahul C. Kirloskar, Director [DIN: 00007319] who retires by rotation.
    14 for0 against
  • Approval to the re-appointment of M/s. G. D. Apte & Co., Chartered Accountants, (Firm Registration No. 100515W) as the Statutory Auditors of the Company, to hold the office for a second term of 5 consecutive years from the conclusion of 17th AGM till the conclusion of the 22nd AGM of the Company to be held in the year 2031 and to fix their remuneration as stated in the notice of AGM.MoreLess
    14 for0 against
  • Ratification and confirmation of remuneration payable to Cost Auditors, M/s Parkhi Limaye & Co., Cost Accountants, Pune for the financial year ending 31st March, 2027.
    14 for0 against
  • Approval to the re- appointment of Mr. Yogesh Kapur [DIN: 00070038] as an Independent Director of the Company to hold the office for a second term of 5 (five) consecutive years with effect from 29th September, 2026.MoreLess
    Against HSBC Mutual Fund
    • HSBC Mutual FundWe have concerns that the candidate has too many commitments outside of the board in question.
    13 for1 against
6 earlier meetings

Mutual fund votes, meeting of 15 Jan 2026, 28 fund houses

  • To approve the appointment of Mr. Srikumar Vijayasekharan (DIN: 07810464) as an Independent Director of the Company for a first term of five [5] consecutive years w.e.f. 11th November, 2025.
    28 for0 against

Mutual fund votes, meeting of 7 Aug 2025, 24 fund houses

  • Adoption of Audited Standalone Financial Statements and the Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025 together with the Boards' Report and the Auditors thereon.MoreLess
    24 for0 against
  • Declaration of final dividend of Rs. 4/- per equity share (200%) and confirmation of Interim Dividend of Rs. 2.50/- per equity share (125%) already paid during the year for the Financial Year ended 31st March 2025MoreLess
    24 for0 against
  • Approval to the reappointment of Mr. Vinesh Kumar Jairath, Director [DIN: 00391684] who retires by rotation.
    24 for0 against
  • Ratification and confirmation of remuneration payable to Cost Auditors, M/s Parkhi Limaye & Co., Cost Accountants, Pune for the financial year ending 31st March, 2026.
    24 for0 against
  • Approval to the appointment of M. J. Risbud & Co., Practicing Company Secretaries, as the Secretarial Auditors of the Company, to hold the office for a period of 5 consecutive years commencing from the conclusion of 16th AGM till the conclusion of the 21st AGM of the Company who shall conduct Secretarial Audit of the Company, from and including, the Financial Year ended 31 March 2026 to the Financial Year ended 31 March 2030.MoreLess
    24 for0 against
  • Approval to the re- appointment of Ms. Gauri Kirloskar [DIN: 03366274] as a Whole-Time Director designated as the Managing Director of the Company to hold the office for a period of 3 years commencing from 20th May 2025MoreLess
    Against Invesco Mutual Fund, SBI Mutual Fund, Sundaram Mutual Fund
    • Invesco Mutual FundMs. Gauri Kirloskar received Rs. 52.5 mn as remuneration in FY25. Post her reappointment, Ms. Gauri Kirloskar is entitled to salary and benefits of Rs. 13.2 mn plus commission. However, there is no guidance given regarding the absolute level of commission payout. The company must cap the aggregate remuneration (including commission and all perquisites) in absolute terms and disclose the performance parameters that govern the variable pay. The remuneration structure also contains reimbursement of medical expenses for self and family without any ceiling. We believe these expenses are personal in nature and should be borne by the directors themselves. While we support her reappointment on the board, we do not support the remuneration terms. We do not support the resolution. Gauri Kirloskar on the board of 11 companies and 16 LLPs, which is high – with only some of these folding into her responsibilities as Managing Director of Kirloskar Oil Engines Limited. The company should clarify the extent of her active involvement in these companies and LLPs
    • SBI Mutual FundMs. Gauri Kirloskar received Rs. 52.5 mn as remuneration in FY25. Post her reappointment, Ms. Gauri Kirloskar is entitled to salary and benefits of Rs. 13.2 mn plus commission. However, there is no guidance given regarding the absolute level of commission payout. The company must cap the aggregate remuneration (including commission and all perquisites) in absolute terms and disclose the performance parameters that govern the variable pay.While we support her reappointment on the board, we do not support the remuneration terms. We do not support the resolution.
    • Sundaram Mutual FundMs. Gauri Kirloskar received Rs. 52.5 mn as remuneration in FY25. Post her reappointment, Ms. Gauri Kirloskar is entitled to salary and benefits of Rs. 13.2 mn plus commission. However, there is no guidance given regarding the absolute level of commission payout. The company must cap the aggregate remuneration (including commission and all perquisites) in absolute terms and disclose the performance parameters that govern the variable pay. The remuneration structure also contains reimbursement of medical expenses for self and family without any ceiling. We believe these expenses are personal in nature and should be borne by the directors themselves. While we support her reappointment on the board, we do not support the remuneration terms. We do not support the resolution. Gauri Kirloskar on the board of 11 companies and 16 LLPs, which is high – with only some of these folding into her responsibilities as Managing Director of Kirloskar Oil Engines Limited. The company should clarify the extent of her active involvement in these companies and LLPs.
    21 for3 against
  • Consent to the Board of Directors of the Company and Arka Fincap Limited (“AFL” – a step-down material subsidiary company) for sell/ disposal/ transfer/ assignment/ securitisation of assets including, present and/or future loan receivables/book, book debts and investments of AFL exceeding 20% of the assets of AFL, in one or more tranches during any Financial Year but not exceeding Rs. 3,000 Crores in any Financial Year.MoreLess
    24 for0 against

Mutual fund votes, meeting of 8 Aug 2024, 17 fund houses

  • Adoption of Audited Standalone Financial Statements and the Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2024 together with the Reports of the Directors and the Auditors thereon.MoreLess
    17 for0 against
  • Declaration of Final Dividend of Rs. 3.50/- per equity share (i.e. 175%) and confirmation of Interim Dividend of Rs. 2.50/- per equity share (i.e. 125%) already paid during the year for the Financial Year ended 31st March 2024.MoreLess
    17 for0 against
  • Re-Appointment of Mr. Mahesh Chhabria (DIN 00166049) who retires by rotation.
    Against Groww Mutual Fund, JM Financial Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual Fund
    • Groww Mutual Fund, JM Financial Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. No concern on merit, profile, attendance of proposed appointee. Governance concern: Excessive time commitments.
    13 for4 against
  • Ratification and confirmation of the remuneration payable to the Cost Auditor.
    17 for0 against
  • Re-appointment of Mr. Kandathil Mathew Abraham (DIN 05178826) as an Independent Director of the Company to hold the office for a second term of 5 (Five) consecutive years with effect from 10th August 2024, whose period of office is liable to expire on 9th August 2024.MoreLess
    17 for0 against
  • Re-appointment of Dr. Shalini Sarin (DIN 06604529) as an Independent Director of the Company to hold the office for a second term of 5 (Five) consecutive years with effect from 25th October 2024, whose period of office is liable to expire on 24th October 2024.MoreLess
    17 for0 against

Mutual fund votes, meeting of 24 Apr 2024, 14 fund houses

  • Re- appointment of Mr. Atul kirloskar as the Chairman and Non-Executive Director of the Company
    Against Bandhan Mutual Fund, DSP Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, JM Financial Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Chairman is related to Managing Director of the Company.
    • DSP Mutual Fund, Sundaram Mutual FundAtul Kirloskar, 68, is promoter and Chairperson of Kirloskar Oil Engines Ltd. He served as Executive Chairperson till 31 March 2023. The company had sought shareholder approval through a postal ballot in April 2024 for appointing him as Non-Executive Chairperson for one year from 1 April 2023. The company now seeks to reappoint him as Non-Executive Director Chairperson for two years from 1 April 2024; he will continue as Non-Executive Director after 31 March 2026. He will be paid a profit linked commission and will be eligible for reimbursement of medical expenses in India or abroad and shareholder approval will be separately sought in case these payments exceed regulatory thresholds. While we support his reappointment as Chairperson, we are unable to support the resolution given the company’s obligation to cover his medical expenses. We believe companies must not be liable to pay for the personal medical expenses of non-executive directors. Alternatively, the company could opt to provide insurance coverage for such expenses. In the current case, the company has not provided an absolute cap for such payments. We do not support the resolution.
    • Nippon India Mutual FundChairman related to Director
    7 for7 against

Mutual fund votes, meeting of 11 Aug 2023, 9 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Audited Standalone Financial Statements and the ConsolidatednFinancial Statements of the Company for the Financial Year ended 31 st Marchn2023 together with the Reports of the Board of Directors and the AuditorsnthereonMoreLess
    7 for0 against
  • Declaration of Final Dividend of Rs. 2.50/- per equity share (i.e. 125%) andnconfirmation of Interim Dividend of Rs. 2.50/- per equity share (i.e. 125%)nalready paid during the year for the Financial Year ended 31 st March 2023MoreLess
    9 for0 against
  • Re-Appointment of Mr. Rahul Kirloskar (DIN 00007319), who retires by rotation
    9 for0 against
  • Ratification and confirmation of remuneration payable to Cost Auditors,nM/s Parkhi Limaye & Co., Cost Accountants, Pune for the financial year endingn31 st March, 2024
    9 for0 against
  • Appointment of Mr. Arvind Goel (DIN 02300813) as an Independent Director ofnthe Company to hold office for a first term of five (5) consecutive years withneffect from 19 th May 2023
    9 for0 against
  • Alteration of Object Clause of the Memorandum of Association of the Company
    9 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    2 for0 against

Mutual fund votes, meeting of 19 Apr 2023, 9 fund houses

  • Appointment of Mr. Atul kirloskar as the Chairman and Non-Executive Director of the Company
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund, JM Financial Mutual Fund, Mahindra Manulife Mutual Fund, Nippon India Mutual Fund, Taurus Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns: • Atul Kirloskar's proposed remuneration structure is open-ended, and the board retains significant discretion in determining his pay outcomes. • He will be getting a permanent board seat which could reduce his accountability by disallowing shareholder review for his continued service.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted in view of the following concerns:- Atul Kirloskar's proposed remuneration structure is open-ended, and the board retains significant discretion in determining his pay outcomes.- He will be getting a permanent board seat which could reduce his accountability by disallowing shareholder review for his continued service.
    • JM Financial Mutual FundCompliant with Law. Governance Concern: Appointment as NED for perpetual term. Proposed Board Chairman i.e. Mr. Atul Kirloskar is related to Managing Director of the Company
    • Mahindra Manulife Mutual FundWhile we support his appointment as Non-Executive Non-Independent Director, we raise concern that he is not liable to retire by rotation. We do not support appointment of directors who are not liable to retire by rotation as it creates board permanency. We believe shareholders must be able to vote on director reappointments periodically.
    • Nippon India Mutual FundPerpetual approval, hence not approved
    • Taurus Mutual FundAtul Kirloskar, 67, is promoter and Executive Chairperson of the company. Following expiry of his term as Executive Chairperson on 31 March 2023, the board seeks approval to appoint him as Non-Executive Non-Independent Director from 1 April 2023 and as Chairperson for one year from 1 April 2023. While we support his appointment as Non-Executive Non-Independent Director, we raise concern that he is not liable to retire by rotation. We do not support appointment of directors who are not liable to retire by rotation as it creates board permanency. We believe shareholders must be able to vote on director reappointments periodically. SEBI in its board meeting dated 29 March 2023 has decided to amend LODR to do away with the practice of permanent board seats by mandating periodic shareholders’ approval for any director serving on the board of a listed entity.
    3 for6 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeCommissioner, CGST, Kolhapur CommissionerateSince 4 Feb 2022
    The appeal is pending before Hon'ble Customs, Excise And Service Tax Appellate Tribunal (CESTAT), Mumbai bench. There is no further development for Q1 of FY 2026-27.
    At the filing before: Excise duty of Rs. 21.65 Cr alongwith applicable interest and penalty was demanded on Industrial Promotion Subsidy (IPS) received during August-2011 to April 2015. Commissioner, CGST, Kolhapur passed the Order in Original in favor of KOEL in Mar-2019 dropping the entire demand. In February 2022, Commissioner, CGST, Kolhapur Commissionerate filed an appeal before Hon'ble CESTAT, Mumbai against the order in original.MoreLess
  • Tax disputeJoint Commissioner, CGST, Pune-IISince 8 Jun 2022
    An appeal has been filed by the Company against the order before the Commissioner- Appeal, CGST, Pune-II and the same is pending. There is no further development for Q1 of FY 2026-27.
    At the filing before: Tran-1 credit of Rs.18.93 Cr disallowed and imposed equal penalty and interest as applicable
  • Tax disputeIncome Tax Department (ITD)Since 22 Nov 2017
    The company has filed an appeal before the Commissioner of Income Tax (Appeals) (CIT(A)/ First Appellate Authority) and the same is currently pending. Based on the past precedents in Company's own case as well as other judicial pronouncements, the Company is of the view that the likelihood of these additions being deleted by the appellate authorities is high and there may not be any material claim against the Company which may have any impact on the company. There is no further development for Q1 of FY 2026-27.MoreLess
    At the filing before: The ITD has made additions to the returned income of the Company for FY 2014-15 on account of capital subsidy received from Government of Maharashtra, disallowance of provision for warranty and few other expenses/ deductions during the scrutiny assessment order passed u/s 143(3) of the Income Tax Act, 1961. Quantum of claim is Rs. 26,84,25,463.MoreLess
  • Tax disputeIncome Tax Department (ITD)Since 26 Dec 2016
    The company has filed an appeal before the Commissioner of Income Tax (Appeals) (CIT(A)/ First Appellate Authority) and the same is currently pending.Based on the past precedents in Company's own case as well as other judicial pronouncements, the Company is of the view that the likelihood of these additions being deleted by the appellate authorities is high and there may not be any material claim against the Company which may have any impact on the company. There is no further development for Q1 of FY 2026-27.MoreLess
    At the filing before: The ITD has made additions to the returned income of the Company for FY 2017-18 on account of disallowance of provision for warranty and few other expenses/ deductions during the scrutiny assessment order passed u/s 143(3) of the Income Tax Act, 1961. Quantum of claim is Rs. 15,82,65,600.MoreLess
  • Tax disputeIncome Tax Department (ITD)Since 24 Mar 2025
    The company has filed an appeal before the Commissioner of Income Tax (Appeals) (CIT(A)/ First Appellate Authority) and the same is currently pending. Based on the past precedents in Company's own case as well as other judicial pronouncements, the Company is of the view that the likelihood of these additions being deleted by the courts of law is very high and there will not be any material claim against the Company which will have any impact on the Company.There is no further development for Q1 of FY 2026-27.MoreLess
    At the filing before: The ITD had made additions to the returned income of the Company for FY 2022-23 on account of disallowance of provision for warranty during the scrutiny assessment order passed u/s 143(3) of the Income Tax Act, 1961. During the course of the scrutiny assessment the SCN was issued on 27th February 2025, proposing total disallowances having a tax impact of INR 19.17 Cr. However, post filing the submission clarifying the factual position on the proposed disallowances as mentioned in the SCN the ITD passed the final order dated 24th March 2025, making the disallowance only in respect of provision for warranty having a Tax impact of 12.93 Cr.Being aggrieved, KOEL has filed an appeal before the Comissioner of Income Tax (Appeals) on April 11, 2025MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 2 complaints open, quarter to Jun 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.