News ArticleKirloskar Ferrous Industries appoints Ajay Shriram Patil as Director and Joint Managing Director with shareholder approval
Postal ballot held till 5 November 2026 records over 99.9% shareholder votes in favor of both appointments and remuneration terms
Kirloskar Ferrous Industries Limited approved the appointment of Mr. Ajay Shriram Patil as Director and Joint Managing Director along with remuneration terms through postal ballot concluded on 5 November 2026, with over 99.9% votes in favor from shareholders as of the cut-off date 2 October 2026.
Kirloskar Ferrous Industries Limited
Change in Management
Kirloskar Ferrous Industries Limited shareholders approved the appointment of Mr. Ajay Shriram Patil as a Director and as Joint Managing Director, including remuneration terms, during a postal ballot concluded on 5 November 2026 with overwhelming support.
The resolutions were passed through e-voting conducted between 7 October 2026 and 5 November 2026 with 346 shareholders participating.
As of the cut-off date 2 October 2026, the company had 91,432 members eligible to vote.
For the appointment as Director, Mr. Patil received 99.91% of valid votes in favor, with only 0.09% against.
For the appointment as Joint Managing Director and approval of remuneration, 98.22% voted in favor, while 1.78% voted against.
The postal ballot notice was sent electronically to all members, and votes were processed and confirmed by the scrutinizer Manasi Paradkar & Associates in compliance with relevant laws and SEBI regulations.
Highlights
- Postal ballot voting period: 7 October to 5 November 2026
- Total shareholders on cut-off date: 91,432
- Participants in voting: 346 shareholders
- Votes for Director appointment: 11,28,12,343 (99.9138%)
- Votes for Joint Managing Director appointment: 11,08,94,884 (98.2161%)
- Votes against Joint Managing Director appointment: 20,14,141 (1.7839%)
Key Data Snapshot
What happened
- Kirloskar Ferrous Industries Limited held a postal ballot to approve two key resolutions: appointment of Mr. Ajay Shriram Patil as Director and as Joint Managing Director including remuneration terms.
- Both resolutions were passed with required majority following electronic voting concluded on 5 November 2026.
- 346 members participated in the voting out of 91,432 eligible shareholders as on 2 October 2026.
Key details
- Postal ballot notice dated 6 October 2026 was sent electronically to all shareholders.
- E-voting was open from 7 October 2026 at 9:00 a.m. IST to 5 November 2026 at 5:00 p.m. IST.
- Votes were scrutinized and results declared by the company-appointed practising company secretary Manasi Paradkar.
- For the Director appointment resolution, 99.91% of valid votes were in favor.
- For the Joint Managing Director appointment and remuneration approval, 98.22% of valid votes were in favor.
- The votes against these resolutions were minimal, indicating strong shareholder support.
Regulatory and governance context
- The voting process complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Companies Act, 2013 provisions for postal ballot e-voting.
- The scrutinizer’s report and voting results were submitted to BSE as per regulatory requirements.
- All electronic data and voting records are preserved securely by the company secretary.
- These appointments reflect corporate governance updates disclosed as per listing regulations.
Highlights
- Postal ballot voting period: 7 October to 5 November 2026
- Total shareholders on cut-off date: 91,432
- Participants in voting: 346 shareholders
- Votes for Director appointment: 11,28,12,343 (99.9138%)
- Votes for Joint Managing Director appointment: 11,08,94,884 (98.2161%)
- Votes against Joint Managing Director appointment: 20,14,141 (1.7839%)
Disclosures
- Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Section 108 & 110 of the Companies Act, 2013
- Rules 20 & 22 of the Companies (Management and Administration) Rules, 2014
No promoter or promoter group members were interested in the resolutions.
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