Kirloskar Electric Company Ltd

Kirloskar Electric Proposes CFO Pay Revision 📊 – Shareholder Vote Required

- Proposed revision increases CFO Sanjeev Shivappa’s annual remuneration from ₹65L to ₹75L, effective July 1, 2025.

- Breakdown: ₹11.99L salary + ₹59.18L perquisites (housing, medical, etc.).

- Mr. Shivappa has 39 years of experience, including 29 with Kirloskar Electric.

- Past remuneration: ₹45L (2022-23), ₹55L (2023-24), ₹65L (2024-25).

- Company cites improved performance & alignment with peers (Voltamp Transformers, Bharat Bijlee).

- Standalone revenue for 2024-25: ₹54,382 lakhs.

- Shareholder e-voting period: Nov 22 – Dec 21, 2025 (cut-off: Nov 14).

- Details available on company website & CDSL portal.