Kirloskar Brothers Limited 5th Generation of Kirloskar family is now in charge of strategically important portfolios

05 Aug 2021

Pursuant to the Regulation 30 read with Schedule 111, Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), please note that pursuant to the recommendation of Nomination and Remuneration Committee of the Company, the Board of Directors at its meeting held on August 03, 2021 has appointed Ms. Rama Kirloskar (DIN 07474724), as a Joint Managing Director of the Company with effect from August 03, 2021 for a period of 5 years i.e. upto August 02, 2026, subject to the approval by the shareholders of the Company.

The appointment of Ms. Rama Kirloskar as a Joint Managing Director of the Company will be placed for the approval of the shareholders of the Company at the ensuing Annual General Meeting of the Company.

The Company today made key organisational changes with Ms. Rama Kirloskar appointed as the Joint Managing Director of the Company. She will lead the domestic small pumps division and valves business of the Company. Mr. Alok Kirtoskar who has been based in London since 2012 is a Director on the Board of KBL and CEO of Kirloskar Brothers International BV [which includes SPP Pumps Ltd], continues to head all the overseas businesses and leads many technology initiatives at the Company.

With this change the 5th Generation of Kirloskar family is now in charge of strategically important portfolios to continue the company's growth journey into domestic and international markets. This is in line with the big shift from an infrastructure projects company to be a product company.

 

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