KIKirloskar Industries500243Postal ballot result

Postal ballot: both resolutions passed for Ajay Shriram Patil as Director and Joint Managing Director

Kirloskar Ferrous Industries (KFIL), a listed material subsidiary of Kirloskar Industries, has shared the Scrutinizer's Report on its postal ballot.

By ScoutQuest · Sat 7 Nov 2026, 6:41 PM IST · 2 min read

Resolution 1 - Appointment as Director

99.9138% of valid votes in favour, 97,277 against

Resolution 2 - Joint Managing Director with remuneration terms

98.2161% in favour, 20,14,141 against

Shares polled

68.3674% of the 16,51,51,254 outstanding shares were polled

KFIL shareholders clear both postal ballot resolutions

Kirloskar Industries Ltd has informed the stock exchanges that Kirloskar Ferrous Industries Ltd (KFIL), its listed material subsidiary, has shared the Scrutinizer's Report on the voting results of its postal ballot. The report is by Manasi Paradkar & Associates, the practising company secretary appointed to scrutinise the e-voting, and it states that both Ordinary Resolutions set out in the Postal Ballot Notice have been passed with the required majority.

What was voted on

• Resolution 1: appointment of Mr. Ajay Shriram Patil (DIN: 01217000) as a Director of KFIL.
• Resolution 2: appointment of Mr. Ajay Shriram Patil as the Joint Managing Director, and approval of the terms of his remuneration.

Both were Ordinary Resolutions, and the promoter and promoter group were not interested in either resolution.

The numbers

• Resolution 1: 11,28,12,343 votes in favour (99.9138% of valid votes) and 97,277 votes against.
• Resolution 2: 11,08,94,884 votes in favour (98.2161% of valid votes) and 20,14,141 votes against.
• 68.3674% of the 16,51,51,254 outstanding shares were polled.

What it means for a retail reader

This is the outcome of a shareholder vote at the subsidiary, not a business or earnings announcement. The resolutions decide who sits on KFIL's board and on what remuneration, and both cleared with a large majority. The second resolution, which covers pay terms, drew more negative votes — 20,14,141 against versus 97,277 on the plain director appointment — but still passed comfortably.

Points to keep in mind

• KFIL is a separately listed company and a material subsidiary of Kirloskar Industries, so board-level changes there are relevant to how the group's key business is governed.
• The voting results are also broken up by category — promoter and promoter group, public institutions, and public non-institutions — which shows how each set of shareholders voted on the two resolutions.
• The appointment and remuneration resolutions are board and management matters; they are separate from KFIL's day-to-day operations or financial performance.

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