KFIL Appoints Ajay Patil as Jt. MD & Ankur Gupta as Dy. CFO

Kirloskar Industries Ltd (KIL) announced an update from its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). KFIL's Board of Directors, at its meeting on September 21, 2026, co-opted Mr. Ajay Shriram Patil as an Additional Director and appointed him as the Joint Managing Director for a term of three years, effective September 21, 2026, subject to shareholder approval. Mr. Patil, a Post Graduate in Commerce and CMA, has over 36 years of global leadership experience across multinational industrial and manufacturing organizations, including Cummins, Honeywell, and Eaton. He brings extensive experience in driving profitable growth, corporate governance, business strategy, and M&A. Additionally, KFIL appointed Mr. Ankur Gupta as the Deputy Chief Financial Officer, effective October 1, 2026. A cut-off date of October 2, 2026, has been fixed for the postal ballot.