Kirloskar Pneumatic Company logo

Kirloskar Pneumatic Company MD, chairman, board of directors and AGM

NSE: KIRLPNUBSE: 505283Industrial ProductsSmall Cap

Last close ₹584.70down ₹18.55 (3.08%)BSE ₹584.15

Share price at the NSE close on 23 Oct 2026. Previous close ₹603.25.

52-week range of traded prices to 23 Oct 2026
₹495.05Low, 9 Dec 2025₹1,098.55High, 22 Jun 2026
Market cap
₹7,599 Cr599th largest listed
P/E
28.9
P/B
6.1
Dividend yield
1.03%
ROE
22.4%
ROCE
26.6%
Debt to equity
0.00
Volume, NSE
1,38,30052.6% delivered

Kirloskar Pneumatic Company 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

  • ChairpersonRAHUL CHANDRAKANT KIRLOSKARRelated to the promoter
  • Managing directorAMAN RAHUL KIRLOSKAR
  • Company Secretary and Compliance OfficerJITENDRA R SHAH

9 directors6 independent2 executive1 non-executive

  • RAHUL CHANDRAKANT KIRLOSKAR · ChairpersonExecutive · joined Sep 1993 · reappointed Jan 2022 · 4 listed boards · 3 committee seats, 1 as chair
  • AMAN RAHUL KIRLOSKAR · Managing directorExecutive · joined Apr 2026 · 2 listed boards
  • ATUL C KIRLOSKARNon-executive · joined Jan 2012 · reappointed Jul 2025 · 2 listed boards
  • AJAY DUAIndependent · joined Jul 2016 · reappointed Jul 2021 · 119 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • TEJAS DESHPANDEIndependent · joined Oct 2020 · reappointed Oct 2025 · 68 months as independent · 1 listed board · 1 as independent · 3 committee seats
  • PRAVIR KUMAR VOHRAIndependent · joined Oct 2022 · 44 months as independent · 3 listed boards · 3 as independent · 4 committee seats
  • BIMAL MANU TANNAIndependent · joined Jul 2024 · 23 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 5 as chair
  • VARSHA VASANT PURANDAREIndependent · joined Apr 2025 · 14 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 4 as chair
  • RANGANATH N KRISHNAIndependent · joined Apr 2026 · 2 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair

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.

4 directors who left
  • KRISHNASWAMY SRINIVASAN, left 1 Apr 2026: Tenure Completion
  • NALINI VENKATESH, left 24 Jul 2025: Tenure Completion
  • DEEPAK SURYA BAGLA, left 19 Jul 2025: 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

    • 27 Apr 20268 of 8 present5 independent · 53 days in between
    • 4 Mar 20268 of 8 present5 independent · 39 days in between
    • 23 Jan 20268 of 8 present5 independent

  • Audit Committee

    Chair BIMAL MANU TANNA

    AJAY DUA, TEJAS DESHPANDE, PRAVIR KUMAR VOHRA

    • 27 Apr 20264 of 4 present4 independent · 53 days in between
    • 4 Mar 20264 of 4 present4 independent · 39 days in between
    • 23 Jan 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair AJAY DUA

    TEJAS DESHPANDE, PRAVIR KUMAR VOHRA, VARSHA VASANT PURANDARE

    • 27 Apr 20264 of 4 present4 independent · 93 days in between
    • 23 Jan 20264 of 4 present4 independent

  • Stakeholders Relationship Committee

    Chair VARSHA VASANT PURANDARE

    RAHUL CHANDRAKANT KIRLOSKAR, TEJAS DESHPANDE

    • 27 Apr 20263 of 3 present2 independent · 93 days in between
    • 23 Jan 20263 of 3 present2 independent

  • Risk Management Committee

    Chair AJAY DUA

    ATUL C KIRLOSKAR, BIMAL MANU TANNA, AMAN RAHUL KIRLOSKAR

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair RAHUL CHANDRAKANT KIRLOSKAR

    PRAVIR KUMAR VOHRA, AMAN RAHUL KIRLOSKAR

    • 27 Apr 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.

  • KIRTANE & PANDIT LLPPeer-review certificate valid to Dec 2028

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 Pneumatic Company 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 Pneumatic Company dividend history

Annual general meeting, 21 Jul 2026

67,783 shareholders on the register on 14 Jul 2026; present: 10 promoters and 57 others; votes counted by Sridhar Mudaliar / SVD and Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors' and Board of Directors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.10% · promoters 99.91% · institutions 79.69% · other public 2.17%

  2. To declare dividend on Equity Shares at 425% i.e. Rs. 8.50 (Rupees Eight and Fifty Paisa only) per Equity Share of Rs. 2/- each for the financial year ended on March 31, 2026 and confirm Interim Dividend of 175% i.e. Rs. 3.50 (Rupees Three and Fifty Paisa only) already paid during the financial year.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.10% · promoters 99.91% · institutions 79.69% · other public 2.17%

  3. To Appoint a Director in place of Mr. Rahul C. Kirloskar (DIN: 00007319), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    97.61% for2.39% against

    Against: promoters 0.00% · institutions 4.69% · other public 0.02%

    Turnout: all 56.57% · promoters 70.19% · institutions 79.69% · other public 2.17%

  4. To re-appointment of Kirtane & Pandit LLP as Statutory Auditors and to fix their remuneration.
    Ordinary
    96.66% for3.34% against

    Against: promoters 0.00% · institutions 7.90% · other public 0.00%

    Turnout: all 68.10% · promoters 99.91% · institutions 79.69% · other public 2.17%

  5. Ratification of remuneration of M/s Sudhir Govind Jog, a proprietary firm of Cost Accountant, as Cost Auditor.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.10% · promoters 99.91% · institutions 79.69% · other public 2.17%

  6. Appointment of Mr. Ranganath Nuggehalli Krishna (DIN 00004044) as an Independent Director for a period from April 28, 2026 to March 12, 2031.
    Special
    100.00% for0.00% against

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

    Turnout: all 68.10% · promoters 99.91% · institutions 79.69% · other public 2.17%

  7. Re-appointment of Mr. Rahul C. Kirloskar (DIN: 00007319), Executive Chairman as the Whole - Time Director to be designated as the Executive Chairman for a further period of five years w.e.f January 23, 2027.MoreLess
    OrdinaryPromoters have an interest in it
    90.48% for9.52% against

    Against: promoters 0.00% · institutions 18.72% · other public 0.02%

    Turnout: all 56.57% · promoters 70.19% · institutions 79.69% · other public 2.17%

  8. Payment of remuneration, which is/may be in excess of threshold limits, as prescribed under SEBI LODR Regulations, to Executive Directors who arePromoters or Members of the Promoter Group namely Mr. Aman Kirloskar, Managing Director and Mr. Rahul C. Kirloskar, Executive Chairman.MoreLess
    SpecialPromoters have an interest in it
    75.60% for24.40% against

    Against: promoters 0.00% · institutions 47.95% · other public 0.16%

    Turnout: all 56.56% · promoters 70.19% · institutions 79.69% · other public 2.17%

  9. Sub-division of Equity Share of the Company having a face value of ₹ 2/- (Rupees Two) each into 2 (Two) Equity Shares of the face value of ₹ 1/- (Rupee One) each.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 68.10% · promoters 99.91% · institutions 79.69% · other public 2.17%

  10. Alteration of the Capital Clause in the Memorandum of Association
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 68.10% · promoters 99.91% · institutions 79.69% · other public 2.17%

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, 22 Mar 2026, 1 resolution

64,197 shareholders on the register on 13 Feb 2026; votes counted by SRIDHAR MUDALIAR / SVD & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Appointment of Mr Aman Rahul Kirloskar (DIN: 09823056) as Director and Managing Director
    Ordinary
    75.92% for24.08% against

    Against: promoters 0.00% · institutions 41.52% · other public 0.23%

    Turnout: all 58.51% · promoters 62.02% · institutions 95.49% · other public 2.00%

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, 25 Sep 2025, 1 resolution

71,056 shareholders on the register on 22 Aug 2025; votes counted by SRIDHAR MUDALIAR / SVD & ASSOCIATES.The company's voting result (opens in a new tab)

  1. RE-APPOINTMENT OF MR. TEJAS DESHPANDE (DIN 01942507) AS AN INDEPENDENT DIRECTOR FOR A SECOND TERM OF FIVE YEARS
    Special
    83.66% for16.34% against

    Against: promoters 0.00% · institutions 36.57% · other public 14.87%

    Turnout: all 70.42% · promoters 99.90% · institutions 88.81% · other public 1.05%

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, 22 Jul 2025, 6 resolutions

69,213 shareholders on the register on 15 Jul 2025; present: 7 promoters and 69 others; votes counted by MAHESH RISBUD / M.J. RISBUD & CO.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone Financial Statements (including Consolidated Financial Statement) for the Company for the FY ended 31st March, 2025 together with the Report of Auditors & the Board of Directors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.18% · promoters 99.91% · institutions 92.83% · other public 2.15%

  2. Declaration of dividend on Equity Shares for the Financial Year ended 31st March 2025.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.35% · promoters 99.91% · institutions 93.31% · other public 2.15%

  3. Approval to the reappointment of Mr Atul C Kirloskar (DIN 00007387) who retires by rotation and being eligible offer himself for re-appointment.
    OrdinaryPromoters have an interest in it
    90.13% for9.87% against

    Against: promoters 0.00% · institutions 18.84% · other public 0.04%

    Turnout: all 62.94% · promoters 75.69% · institutions 93.31% · other public 2.15%

  4. Ratification and confirmation to pay remuneration to M/s Sudhir Govind Jog Cost Auditors, proprietary firm of Cost Accountants, for the financial year ending 31 March 2026, pursuant to Section 148 of the Companies Act, 2013.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.35% · promoters 99.91% · institutions 93.31% · other public 2.15%

  5. Appointment of Ms. Varsha Vasant Purandare [DIN 05288076] as an Independent Director for a term of 5 consecutive years w.e.f. 24th April, 2025 to 23rd April, 2030, not liable to retire by rotation, and approval of payment of fees, remuneration and commission as per applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations.MoreLess
    Special
    99.18% for0.82% against

    Against: promoters 0.00% · institutions 1.79% · other public 0.04%

    Turnout: all 72.35% · promoters 99.91% · institutions 93.31% · other public 2.15%

  6. Appointment of M/s SVD & Associates, Practicing Company Secretaries (FRN: P2013MH031900) as the Secretarial Auditors’ of the Company to hold the office for the term of five (5) consecutive years w.e.f 22nd July 2025 till the conclusion of 55th AGM.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 72.35% · promoters 99.91% · institutions 93.31% · other public 2.15%

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, 17 Sep 2024, 2 resolutions

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

  1. Appointment of Mr. Bimal Tanna (DIN : 06767157) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 71.23% · promoters 99.92% · institutions 84.51% · other public 6.78%

  2. Appointment of Mr. Deepak Bagla (DIN : 01959175) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 71.23% · promoters 99.92% · institutions 84.51% · other public 6.78%

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, 20 Jul 2024, 5 resolutions

Present: 7 promoters and 46 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statement of the Company for the financial year ended 31st March, 2024 together with the Report of the Auditors and Board of Directors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 70.50% · promoters 99.92% · institutions 87.23% · other public 1.61%

  2. Declaration of dividend on equity shares for the financial year ended on 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 70.58% · promoters 99.92% · institutions 87.45% · other public 1.59%

  3. Re-appointment of Mr Mahesh Chhabria (holding DIN 00166049), Director who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    97.55% for2.45% against

    Against: promoters 0.00% · institutions 5.53% · other public 0.12%

    Turnout: all 70.57% · promoters 99.92% · institutions 87.42% · other public 1.59%

  4. Ratification of remuneration of M/s Sudhir Govind Jog, a proprietary firm of Cost Accountant, as Cost Auditor
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 70.57% · promoters 99.92% · institutions 87.42% · other public 1.59%

  5. Consider promotion of Mr Aman Kirloskar as Vice President – ACR SBU, relative of Mr Rahul C Kirloskar (DIN 00007319), Executive Chairman of the Company, to hold office or place of profit in the Company, on such terms and conditions including remuneration.MoreLess
    OrdinaryPromoters have an interest in it
    93.63% for6.37% against

    Against: promoters 0.00% · institutions 9.45% · other public 0.09%

    Turnout: all 46.40% · promoters 37.80% · institutions 87.42% · other public 1.59%

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, 20 Jul 2023, 5 resolutions

Present: 2,52,09,941 promoters and 3,94,71,187 others.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statement of the Company for the financial year ended 31st March, 2023 together with the Report of the Auditors' and Board of Directors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 63.13% · promoters 91.93% · institutions 85.44% · other public 1.42%

  2. Declaration of dividend on equity shares for the financial year ended on 31st March, 2023.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 63.16% · promoters 91.93% · institutions 85.56% · other public 1.41%

  3. Re-appointment of Mr Rahul C. Kirloskar (holding DIN 00007319), Director who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    94.83% for5.17% against

    Against: promoters 0.00% · institutions 12.14% · other public 0.05%

    Turnout: all 63.16% · promoters 91.93% · institutions 85.56% · other public 1.41%

  4. Ratification of remuneration of M/s Sudhir Govind Jog, a proprietary firm of Cost Accountant, as Cost Auditor.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 63.16% · promoters 91.93% · institutions 85.56% · other public 1.41%

  5. Re-appointment and remuneration payable to Mr. K Srinivasan as Managing Director.
    Ordinary
    95.23% for4.77% against

    Against: promoters 0.00% · institutions 11.20% · other public 0.05%

    Turnout: all 63.16% · promoters 91.93% · institutions 85.56% · other public 1.41%

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 21 Jul 2026, 4 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors' and Board of Directors thereon.MoreLess
    4 for0 against
  • To declare dividend on Equity Shares at 425% i.e. Rs. 8.50 (Rupees Eight and Fifty Paisa only) per Equity Share of Rs. 2/- each for the financial year ended on March 31, 2026 and confirm Interim Dividend of 175% i.e. Rs. 3.50 (Rupees Three and Fifty Paisa only) already paid during the financial year.MoreLess
    4 for0 against
  • To Appoint a Director in place of Mr. Rahul C. Kirloskar (DIN: 00007319), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance Concern: Holding combined position of Executive Chairman.
    3 for1 against
  • To re-appointment of Kirtane & Pandit LLP as Statutory Auditors and to fix their remuneration.
    4 for0 against
  • Ratification of remuneration of M/s Sudhir Govind Jog, a proprietary firm of Cost Accountant, as Cost Auditor.
    4 for0 against
  • Appointment of Mr. Ranganath Nuggehalli Krishna (DIN 00004044) as an Independent Director for a period from April 28, 2026 to March 12, 2031.
    4 for0 against
  • Re-appointment of Mr. Rahul C. Kirloskar (DIN: 00007319), Executive Chairman as the Whole - Time Director to be designated as the Executive Chairman for a further period of five years w.e.f January 23, 2027.MoreLess
    Against Angel One Mutual Fund
    • Angel One Mutual FundGovernance concern: Holding combined position of Executive Chairman; Excessive remuneration as compare to peer & Industry benchmark. further, no absolute cap on variable pay or total remuneration & Board discretion to determine variable pay.
    3 for1 against
  • Payment of remuneration, which is/may be in excess of threshold limits, as prescribed under SEBI LODR Regulations, to Executive Directors who arePromoters or Members of the Promoter Group namely Mr. Aman Kirloskar, Managing Director and Mr. Rahul C. Kirloskar, Executive Chairman.MoreLess
    Against Angel One Mutual Fund, Quantum Mutual Fund
    • Angel One Mutual FundGovernance Concern: No absolute cap on variable pay or Overall remuneration & Board discretion to determine variable pay.
    • Quantum Mutual FundThe company is seeking approval to pay remuneration to promoter executive directors – Rahul Kirloskar (Executive Chairperson) and Aman Kirloskar (Managing Director) in excess of regulatory thresholds from FY27 onwards until the end of their respective tenures. We do not have any concern on the remuneration of Mr. Rahul Kirloskar. However, we take note that the resolution also seeks approval for Mr. Aman Kirloskar’s remuneration limit. Mr. Aman Kirloskar is 31 years old and serves as the MD of the company. We take note that Mr. Aman Kirloskar has limited association and industry experience (<10 years). The limited experience might be inadequate for the position of MD. The company has not disclosed the performance metrics that will determine the variable payout. We do not support blanket approvals to exceed remuneration limits. In view of the same, we do not favor the resolution.
    2 for2 against
  • Sub-division of Equity Share of the Company having a face value of ₹ 2/- (Rupees Two) each into 2 (Two) Equity Shares of the face value of ₹ 1/- (Rupee One) each.
    4 for0 against
  • Alteration of the Capital Clause in the Memorandum of Association
    4 for0 against

Mutual fund votes, meeting of 22 Mar 2026, 14 fund houses

  • Appointment of Mr Aman Rahul Kirloskar (DIN: 09823056) as Director and Managing Director
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund, Quantum Mutual Fund
    • Angel One Mutual FundGovernance concern: No absolute cap on variable pay or total remuneration & Board discretion to determine variable pay.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with law. No concern identified on the merits, profile and time commitments of the proposed appointee. Governance concern: No absolute cap on variable pay or total remuneration & Board discretion to determine variable pay.
    • HDFC Mutual FundAman Kirloskar, 31, is part of the promoter family and is the son of Rahul Kirloskar, Non-Executive Chairperson of Kirloskar Ferrous Industries Ltd. He is currently serving as Vice President of the Air Conditioning and Refrigeration business unit of the company. He has been associated with the Kirloskar Group for around 8 years, since May 2018. He joined as a Supply Chain Manager with Kirloskar Chillers Private Limited and subsequently moved to Kirloskar Pneumatic Company Limited as Senior Manager. He was later elevated to General Manager (Operations). In 2023, he assumed responsibility as Head of the Air Conditioning and Refrigeration business unit. He also leads group-level ESG compliance initiatives and chairs the group-level Environment Conservation Committee. He holds a bachelor’s degree in business administration from Bryant University. The company proposed to appoint him as the Managing director of the company. With less than ten years of relevant post-qualification work experience, Aman Kirloskar’s appointment as Managing Director is deemed inadequate. We do not support the resolution.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundGovernance Concern: No absolute cap on variable pay or total remuneration & Board discretion to determine variable pay.
    • Quantum Mutual FundWe take note that Mr. Aman Kirloskar has limited association and industry experience (<10 years). The limited experience might be inadequate for the position of MD. Further, remuneration structure lacks clear performance metrics and an overall cap, making it difficult to assess the basis of performance pay. Therefore, we do not favour his appointment as Managing Director.
    4 for10 against
6 earlier meetings

Mutual fund votes, meeting of 25 Sep 2025, 14 fund houses

  • RE-APPOINTMENT OF MR. TEJAS DESHPANDE (DIN 01942507) AS AN INDEPENDENT DIRECTOR FOR A SECOND TERM OF FIVE YEARS
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual Fund, Nippon India Mutual FundGovernance concern: Prolonged association with the group.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Prolonged association with the group.
    • HDFC Mutual FundMr. Tejas Deshpande, 44, is a practicing lawyer in the Bombay High Court and Supreme Court of India. He has over 20 years of experience in real estate, infrastructure and company law. His overall association with the promoter group exceeds ten years. We do not support the resolution.
    7 for7 against

Mutual fund votes, meeting of 22 Jul 2025, 14 fund houses

  • Adoption of Audited Standalone Financial Statements (including Consolidated Financial Statement) for the Company for the FY ended 31st March, 2025 together with the Report of Auditors & the Board of Directors thereon.MoreLess
    14 for0 against
  • Declaration of dividend on Equity Shares for the Financial Year ended 31st March 2025.
    14 for0 against
  • Approval to the reappointment of Mr Atul C Kirloskar (DIN 00007387) who retires by rotation and being eligible offer himself for re-appointment.
    14 for0 against
  • Ratification and confirmation to pay remuneration to M/s Sudhir Govind Jog Cost Auditors, proprietary firm of Cost Accountants, for the financial year ending 31 March 2026, pursuant to Section 148 of the Companies Act, 2013.MoreLess
    14 for0 against
  • Appointment of Ms. Varsha Vasant Purandare [DIN 05288076] as an Independent Director for a term of 5 consecutive years w.e.f. 24th April, 2025 to 23rd April, 2030, not liable to retire by rotation, and approval of payment of fees, remuneration and commission as per applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations.MoreLess
    14 for0 against
  • Appointment of M/s SVD & Associates, Practicing Company Secretaries (FRN: P2013MH031900) as the Secretarial Auditors’ of the Company to hold the office for the term of five (5) consecutive years w.e.f 22nd July 2025 till the conclusion of 55th AGM.MoreLess
    14 for0 against

Mutual fund votes, meeting of 17 Sep 2024, 7 fund houses

  • Appointment of Mr. Bimal Tanna (DIN : 06767157) as an Independent Director
    7 for0 against
  • Appointment of Mr. Deepak Bagla (DIN : 01959175) as an Independent Director
    7 for0 against

Mutual fund votes, meeting of 20 Jul 2024, 7 fund houses

  • Adoption of the Audited Financial Statement of the Company for the financial year ended 31st March, 2024 together with the Report of the Auditors and Board of Directors thereon.
    7 for0 against
  • Declaration of dividend on equity shares for the financial year ended on 31st March, 2024.
    7 for0 against
  • Re-appointment of Mr Mahesh Chhabria (holding DIN 00166049), Director who retires by rotation and being eligible, offers himself for re-appointment.
    Against Bandhan Mutual Fund, LIC Mutual Fund
    • Bandhan Mutual Fund, LIC Mutual FundCompliant with law. Governance Concern: Excessive time commitment; holds 6 listed directorships including 1 full-time position.
    5 for2 against
  • Ratification of remuneration of M/s Sudhir Govind Jog, a proprietary firm of Cost Accountant, as Cost Auditor
    7 for0 against
  • Consider promotion of Mr Aman Kirloskar as Vice President – ACR SBU, relative of Mr Rahul C Kirloskar (DIN 00007319), Executive Chairman of the Company, to hold office or place of profit in the Company, on such terms and conditions including remuneration.MoreLess
    Against Bandhan Mutual Fund, LIC Mutual Fund
    • Bandhan Mutual Fund, LIC Mutual FundCompliant with law. Governance Concern: Proposed remuneration appears excessive and disproportionate.
    5 for2 against

Mutual fund votes, meeting of 20 Jul 2023, 4 fund houses

  • Adoption of the Audited Financial Statement of the Company for the financial year ended 31st March, 2023 together with the Report of the Auditors' and Board of Directors thereon.
    4 for0 against
  • Declaration of dividend on equity shares for the financial year ended on 31st March, 2023.
    4 for0 against
  • Re-appointment of Mr Rahul C. Kirloskar (holding DIN 00007319), Director who retires by rotation and being eligible, offers himself for re-appointment.
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundRe-appointment is compliant with law. Governance Concern: Mr. Kirloskar is holding combined position of Executive Chairman.
    3 for1 against
  • Ratification of remuneration of M/s Sudhir Govind Jog, a proprietary firm of Cost Accountant, as Cost Auditor.
    4 for0 against
  • Re-appointment and remuneration payable to Mr. K Srinivasan as Managing Director.
    4 for0 against

Mutual fund votes, meeting of 28 Dec 2022, 5 fund houses

  • Appointment of Mr. Pravir Kumar Vohra (DIN : 00082545) as an Independent Director of the Company to hold office for a term up to 18 October 2027.
    5 for0 against

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

Stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtSYSTEMS & COMPONENTS (INDIA) PRIVATE LIMITEDSince 4 May 2026

    44.74% bought in the quarter; holding 100.00%, from 55.26%

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 Dec 2024.
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
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.