Independent Director retires at Kirloskar Industries' listed material subsidiary

Kirloskar Industries has passed on an update shared by Kirloskar Ferrous Industries Limited (KFIL), its listed material subsidiary.

Thu 1 Oct 2026

Director Retired

Mr. Vijaydipak Mukundprasad Varma (DIN: 00011352)

Role

Independent Director of KFIL

Retirement Effective Date

30 September 2026

AGM Date Cited

annual general meeting held on 24 September 2024

Entity

Kirloskar Ferrous Industries Limited (KFIL), listed material subsidiary

What the update is about

Kirloskar Industries Ltd has informed the exchanges that Kirloskar Ferrous Industries Limited (KFIL), its listed material subsidiary, has shared an intimation with the exchanges where KFIL's shares are listed. A copy of that intimation is enclosed with the company's letter.

Who has retired

• Mr. Vijaydipak Mukundprasad Varma (DIN: 00011352) has retired as an Independent Director of KFIL.
• The retirement took effect on 30 September 2026.
• The update states the retirement is pursuant to a resolution passed by the Members of KFIL at their annual general meeting held on 24 September 2024.
• KFIL has placed on record its sincere appreciation for his valuable contribution.

Why the parent is disclosing it

KFIL is a material subsidiary of Kirloskar Industries. A change on the board of a listed material subsidiary is passed on to the parent's shareholders so that they receive the same information that KFIL has given to its own exchanges. KFIL's intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

How a retail investor can read this

The update concerns board composition at KFIL. It sets out who has retired and the date of effect. The reader looking for a quantitative impact of this development will see that the update is a factual intimation of a director's retirement and of the appreciation recorded by the company.

What to note

• The word used in the update is retired, and it links the retirement to a resolution of the Members at the annual general meeting held on 24 September 2024.
• The update speaks about KFIL's board, not about any transaction, order, fund raise or capital change.
• The company has noted that the intimation is self-explanatory and has asked the exchanges to take it on record.

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