StockWatch
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Castings & Forgings
AGM/EGM5 Aug 2026, 07:40 pm

KFIL Holds 35th AGM; Approves Dividend, ₹1000 Cr Borrowing Limit

AI Summary

Kirloskar Industries Ltd announced that its material subsidiary, Kirloskar Ferrous Industries Limited (KFIL), held its 35th Annual General Meeting (AGM) on August 5, 2026. The AGM transacted ordinary business including the adoption of audited financial statements for FY26, confirmation of interim dividend, and declaration of final dividend. Special business included ratification of cost auditor remuneration and approval for the Board to borrow up to ₹1,000 Crores via non-convertible debentures. The AGM also saw the reappointment of an Executive Director and two Independent Directors. The meeting was conducted via Video Conferencing/Other Audio Visual Means in compliance with MCA and SEBI circulars.

Key Highlights

  • KFIL's 35th AGM held on August 5, 2026, via VC/OAVM.
  • Audited financial statements for FY26 adopted.
  • Interim and final dividends for FY26 confirmed/declared.
  • Board authorized to raise up to ₹1,000 Crores via NCDs.
  • Reappointments of directors and independent directors approved.