StockWatch
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Castings & Forgings
Corporate Action7 Oct 2026, 06:00 pm

KFIL Announces Postal Ballot for Director Appointment & Remuneration

AI Summary

Kirloskar Industries Ltd has informed about an update from its listed material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). KFIL has initiated a postal ballot process for its members to vote on two key business items: the appointment of Mr. Ajay Shriram Patil as a Director and as Joint Managing Director, along with approval of his remuneration terms. The notice for the postal ballot and e-voting was published on October 7, 2026, in the Financial Express and Loksatta newspapers. The e-voting period commenced on October 7, 2026, and will conclude on November 5, 2026. Ms. Manasi Paradkar has been appointed as the Scrutinizer for the postal ballot.

Key Highlights

  • KFIL is conducting a postal ballot for members.
  • Key proposals include appointing Ajay Shriram Patil as Director.
  • Approval sought for Patil's appointment as Joint MD and remuneration.
  • E-voting period runs from October 7 to November 5, 2026.