Kirloskar Electric Shareholders Approve Director's Remuneration Revision
Kirloskar Electric Company Limited (KECL) announced that its shareholders have passed a special resolution to revise the remuneration payable to Mr. Sanjeev Kumar Shivappa, Director (Finance) & Chief ...
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Why is Kirloskar Electric Company Limited in the news today?
Kirloskar Electric Company Limited (KECL) is in the news due to the shareholders' approval of the revised remuneration for the director (finance) & cfo indicates a positive consensus and support for the management's decisions.
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Kirloskar Electric Shareholders Approve Director's Remuneration Revision
December 23, 2025, 06:56 AM
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Kirloskar Electric Company Limited (KECL) announced that its shareholders have passed a special resolution to revise the remuneration payable to Mr. Sanjeev Kumar Shivappa, Director (Finance) & Chief Financial Officer (CFO).
The postal ballot voting results, along with the scrutinizer's report dated December 22, 2025, confirmed the approval. The resolution was put forth following the company's Notice of Postal Ballot dated November 11, 2025, which was circulated to shareholders on November 20, 2025.
The e-voting process, which commenced on November 22, 2025, and concluded on December 21, 2025, saw an overwhelming majority in favor of the resolution. Out of the total valid votes cast, 99.97% were in favor, with only 0.03% against. A total of 33,017,796 votes were cast in favor, and 9,041 votes were cast against. The total number of shares polled was 33,026,837, representing 49.73% of the total outstanding shares. The scrutinizer's report was dated December 22, 2025.
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