Kirloskar Pneumatic Company Limited reported robust financial growth for the fiscal year ended March 31, 2026. The board recommended a final dividend of 425%, equivalent to Rs. 8.50 per share. Additionally, the company announced the acquisition of the remaining 44.74% stake in its subsidiary, Systems and Components (India) Private Limited, to achieve full ownership, alongside a planned sub-division of equity shares to improve market liquidity.
Annual Financial Performance
For the financial year ended March 31, 2026, the company achieved strong performance with standalone revenue from operations reaching Rs. 17,592 million, compared to Rs. 16,286 million in the previous year. The standalone profit for the period stood at Rs. 2,584 million, reflecting significant growth over the Rs. 2,110 million reported in FY2025.
Strategic Subsidiary Acquisition
The Board of Directors has approved the acquisition of the remaining 44.74% equity stake in its subsidiary, Systems and Components (India) Private Limited. This strategic move, valued at a consideration of Rs. 12.55 crore, will transition the entity into a Wholly Owned Subsidiary, further integrating operations within the industrial refrigeration sector.
Corporate Actions and Shareholder Value
To enhance liquidity and accessibility for small investors, the board approved a sub-division of its equity shares. Existing shares with a face value of Rs. 2/- each will be split into two equity shares with a face value of Re. 1/- each. Furthermore, the board has recommended a final dividend of 425% (Rs. 8.50 per share) for FY2025-26, subject to approval at the Annual General Meeting scheduled for July 21, 2026.
Leadership Updates
The company announced several key leadership changes to strengthen its management structure. Mr. Rahul Kirloskar has been recommended for re-appointment as Whole Time Director and Executive Chairman for a five-year term effective January 23, 2027. Additionally, Mr. Ranganath Nuggehalli Krishna has been appointed as an Independent Director. The company also elevated Mr. Nitin Pai, Mr. Ganesh Chaudhari, and Mr. Samit Gujarathi to the Senior Management team to drive continued operational growth.
Source: BSE
