Kirloskar Oil Engines announced significant leadership transitions effective April 1, 2026. Chairman Mr. Atul Kirloskar resigned as both Chairman and Non-Executive Director upon completing his term, having reached the age of 70. Subsequently, the Board appointed Mr. Rahul Kirloskar, currently a Non-Executive Director, as the new Chairman. Furthermore, Ms. Gauri Kirloskar was designated as the Vice-Chairperson, effective the same date.
Chairman Transition and Resignation
Kirloskar Oil Engines Limited (KOEL) today, March 10, 2026, announced critical changes in its Board structure following the expiration of terms. Mr. Atul Kirloskar (DIN 00007387), who was re-appointed in April 2024 for a two-year term as Chairman and Non-Executive Director, has stepped down. His term as Chairman concludes on March 31, 2026 (close of working hours).
Mr. Atul Kirloskar stated his desire not to seek renewal for the Chairman position, citing his retirement as he has reached the age of 70 years. He tendered his resignation as Non-Executive Non-Independent Director, also effective March 31, 2026. The Board placed on record its sincere appreciation for his valuable contributions and guidance.
New Leadership Appointments
The Board, based on recommendations from the Nomination and Remuneration Committee, approved key appointments effective April 1, 2026:
- Mr. Rahul Kirloskar (DIN 00007319), currently a Non-Executive (Non-Independent Director), has been appointed as the new Chairman of the Company, effective April 1, 2026.
- Ms. Gauri Kirloskar (DIN 03366274), who was re-appointed as Whole-Time Director and Managing Director at the AGM on August 7, 2025 (for a three-year term starting May 20, 2025), has additionally been designated as the Vice-Chairperson of the Company, effective April 1, 2026. Her existing terms as MD and remuneration remain unchanged.
The meeting of the Board of Directors commenced at 10:30 AM and concluded at 3:35 PM on the date of the announcement.
Source: BSE
