Management Change12 Aug 2026, 01:38 pm
Kirloskar Industries Appoints Sandeep Gokhale as Independent Director
AI Summary
Kirloskar Industries Ltd announced the appointment of Mr. Sandeep Gokhale as an Additional Non-Executive Director, in the capacity of Independent Director, effective September 1, 2026. The appointment is for an initial term of five years, subject to member approval. The Board also approved the company's un-audited financial results for the quarter ended June 30, 2026, which were reviewed by statutory auditors Kirtane & Pandit LLP. Additionally, 208 equity shares were allotted upon exercise of ESARs, increasing the paid-up share capital. Mr. Gokhale, aged 64, brings extensive experience in corporate strategy and project finance across various sectors.
Key Highlights
- Sandeep Gokhale appointed Independent Director for 5 years.
- Board approved Q1 FY27 un-audited financial results.
- 208 equity shares allotted under ESARP 2019.
- Paid-up share capital increased post-ESAR exercise.
- Postal ballot to be conducted for director appointment approval.
Price Impact
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