Kirloskar family fight: Appointment of Kishor Chaukar on KBL board becomes the latest flash point A special resolution, to re-appoint Kishor Chaukar on KBL's board, failed to get the 75 percent voting from shareholders at the recent AGM. Most of the Kirloskar family members voted against the resolution
IiAS’ objection to appoint Sanjay Kirloskar’s daughter to KBL Board triggers spat While IiAS opposed Ramas reappointment to the board and also her appointment as joint managing director citing lack of experience, Sanjay Kirloskar accused the proxy firm of inconsistency in its recommendations and said the advisory firm, in the past, recommended in favour of some other individuals of lower age for a similar position in much larger promoter-led companies.
SAT puts verdicts on hold as 3rd member’s seat stays vacant After passing a split verdict in the PNB Housing matter due to lack of quorum, the Securities Appellate Tribunal (SAT) has now put on hold the passing judgements in other matters.
Times Network gears up to launch Hindi news channel, to be called Times Now Navbharat The channel will be led by experienced anchor Navika Kumar as the editor-in-chief, and will start with seven prime-time shows hosted by well regarded anchors like Sushant Sinha, Padmaja Joshi, Ankit Tyagi and Meenakshi Kandwal.
Kirloskar Brothers sets up new manufacturing division for products used for nuclear applications Named as the Advanced Technology Product Division (ATPD), the new manufacturing division is based at the company's mother plant at Kirloskarvadi, in Maharashtra, KBL said in a statement.