Kirloskar Brothers: New Director, Financials Approved Amidst Profit Declines

Kirloskar Brothers Limited (KBL) announced the appointment of Brij Bhushan Nagpal as an additional director in the independent director category, effective November 3, 2025. This appointment, recommended by the nomination and remuneration committee, is for a five-year term, subject to shareholder approval. Nagpal, with over 40 years of experience in various corporate functions, is not debarred from holding a director's office by any SEBI order or authority.

Nagpal's extensive background includes senior management and board-level positions, notably as executive director (finance and corporate affairs) at Luminous Power Technologies Private Limited, a Schneider Electric SE subsidiary, for approximately 16 years. His expertise spans company management, corporate finance, and governance, with significant insights into the consumer durables and electronics industries.

In addition to the director appointment, KBL's board of directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The board meeting commenced at 1:30 p.m. and concluded at 4:15 p.m. on November 3, 2025.