Kirloskar Oil Engines announced significant leadership changes following the Board meeting on March 10, 2026. Mr. Atul Kirloskar has resigned as Chairman and Non-Executive Director upon the expiration of his term on March 31, 2026, due to reaching the retirement age of 70. Concurrently, the Board approved the appointment of Mr. Rahul Kirloskar as the new Chairman, effective April 1, 2026. Furthermore, Mrs. Gauri Kirloskar has been designated as the new Vice-Chairperson.
Resignation of Chairman and Non-Executive Director
Kirloskar Oil Engines Limited announced that Mr. Atul Kirloskar (DIN 00007387) will retire upon the expiration of his term as Chairman (Non-Executive Director) on March 31, 2026 (close of working hours). He has also tendered his resignation as Non-Executive Non-Independent Director effective the same date. The company acknowledged his invaluable contributions, leadership, and commitment throughout his tenure. Mr. Atul Kirloskar cited reaching the age of 70 years as the primary reason for not seeking reappointment.
Appointment of New Chairman
Following the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Mr. Rahul Kirloskar (DIN 00007319), currently a Non-Executive (Non-Independent Director), as the new Chairman of the Company. This appointment will be effective from April 1, 2026. Mr. Rahul Kirloskar’s existing terms as a Director remain unchanged.
Designation of Vice-Chairperson
The announcement detailed further leadership structuring concerning Mrs. Gauri Kirloskar (DIN 03366274), who was previously re-appointed as Whole-Time Director and Managing Director at the Annual General Meeting held on August 7, 2025. Based on the Committee’s recommendation, the Board has additionally designated Mrs. Gauri Kirloskar as the Vice-Chairperson of the Company, effective from April 1, 2026. Her terms as Managing Director and remuneration structure remain as approved previously.
Summary of Cessations and Appointments
| Sr. No | Disclosure Requirement | Details |
|---|---|---|
| 1 | Reason for change (appointment, resignation, etc.) | Expiration of term as Chairman (Non-Executive Director) on 31st March 2026, and resignation as Non-Executive Director (Non-Independent) effective 31st March 2026. |
| 2 | Date of Cessation | 31st March 2026 (close of working hours). |
| 3 | Brief Profile | Not Applicable |
Source: BSE
