5332932025-01-012025-03-315332932025-03-315332932025-01-012025-03-31CompositionOfBoardOfDirectors15332932025-03-31CompositionOfBoardOfDirectors15332932025-01-012025-03-31CompositionOfBoardOfDirectors25332932025-03-31CompositionOfBoardOfDirectors25332932025-01-012025-03-31CompositionOfBoardOfDirectors35332932025-03-31CompositionOfBoardOfDirectors35332932025-01-012025-03-31CompositionOfBoardOfDirectors45332932025-03-31CompositionOfBoardOfDirectors45332932025-01-012025-03-31CompositionOfBoardOfDirectors55332932025-03-31CompositionOfBoardOfDirectors55332932025-01-012025-03-31CompositionOfBoardOfDirectors65332932025-03-31CompositionOfBoardOfDirectors65332932025-01-012025-03-31CompositionOfBoardOfDirectors75332932025-03-31CompositionOfBoardOfDirectors75332932025-01-012025-03-31CompositionOfBoardOfDirectors85332932025-03-31CompositionOfBoardOfDirectors85332932025-01-012025-03-31CompositionOfBoardOfDirectors95332932025-03-31CompositionOfBoardOfDirectors95332932025-01-012025-03-31CompositionOfBoardOfDirectors105332932025-03-31CompositionOfBoardOfDirectors105332932025-01-012025-03-31CompositionOfBoardOfDirectors115332932025-03-31CompositionOfBoardOfDirectors115332932025-01-012025-03-31CompositionOfCommittees145332932025-03-31CompositionOfCommittees145332932025-01-012025-03-31CompositionOfCommittees155332932025-03-31CompositionOfCommittees155332932025-01-012025-03-31CompositionOfCommittees165332932025-03-31CompositionOfCommittees165332932025-01-012025-03-31CompositionOfCommittees175332932025-03-31CompositionOfCommittees175332932025-01-012025-03-31CompositionOfCommittees185332932025-03-31CompositionOfCommittees185332932025-01-012025-03-31CompositionOfCommittees195332932025-03-31CompositionOfCommittees195332932025-01-012025-03-31CompositionOfCommittees415332932025-03-31CompositionOfCommittees415332932025-01-012025-03-31CompositionOfCommittees425332932025-03-31CompositionOfCommittees425332932025-01-012025-03-31CompositionOfCommittees435332932025-03-31CompositionOfCommittees435332932025-01-012025-03-31CompositionOfCommittees685332932025-03-31CompositionOfCommittees685332932025-01-012025-03-31CompositionOfCommittees695332932025-03-31CompositionOfCommittees695332932025-01-012025-03-31CompositionOfCommittees705332932025-03-31CompositionOfCommittees705332932025-01-012025-03-31CompositionOfCommittees955332932025-03-31CompositionOfCommittees955332932025-01-012025-03-31CompositionOfCommittees965332932025-03-31CompositionOfCommittees965332932025-01-012025-03-31CompositionOfCommittees975332932025-03-31CompositionOfCommittees975332932025-01-012025-03-31CompositionOfCommittees1225332932025-03-31CompositionOfCommittees1225332932025-01-012025-03-31CompositionOfCommittees1235332932025-03-31CompositionOfCommittees1235332932025-01-012025-03-31CompositionOfCommittees1245332932025-03-31CompositionOfCommittees1245332932025-03-31MeetingOfBoardOfDirectors15332932025-01-012025-03-31MeetingOfBoardOfDirectors15332932025-03-31MeetingOfBoardOfDirectors25332932025-01-012025-03-31MeetingOfBoardOfDirectors25332932025-03-31MeetingOfBoardOfDirectors35332932025-01-012025-03-31MeetingOfBoardOfDirectors35332932025-01-012025-03-31MeetingOfCommittees15332932025-03-31MeetingOfCommittees15332932025-01-012025-03-31MeetingOfCommittees25332932025-03-31MeetingOfCommittees25332932025-01-012025-03-31MeetingOfCommittees35332932025-03-31MeetingOfCommittees35332932025-01-012025-03-31MeetingOfCommittees45332932025-03-31MeetingOfCommittees45332932025-01-012025-03-31MeetingOfCommittees55332932025-03-31MeetingOfCommittees55332932025-01-012025-03-31MeetingOfCommittees65332932025-03-31MeetingOfCommittees65332932025-01-012025-03-31MeetingOfCommittees75332932025-03-31MeetingOfCommittees75332932025-01-012025-03-31MeetingOfCommittees85332932025-03-31MeetingOfCommittees85332932025-01-012025-03-31MeetingOfCommittees95332932025-03-31MeetingOfCommittees95332932025-01-012025-03-31MeetingOfCommittees105332932025-03-31MeetingOfCommittees105332932024-12-315332932025-03-31ImpositionOfFineOrPenaltyDomain15332932025-03-31OngoingTaxLitigationsOrDisputesDomain15332932025-03-31OngoingTaxLitigationsOrDisputesDomain25332932025-03-31OngoingTaxLitigationsOrDisputesDomain35332932025-03-31OngoingTaxLitigationsOrDisputesDomain45332932025-03-31OngoingTaxLitigationsOrDisputesDomain55332932025-03-31OngoingTaxLitigationsOrDisputesDomain6xbrli:pure533293KIRLOSENGNOTLISTEDINE146L01010Kirloskar Oil Engines Limited2024-04-012025-03-31Yearly2025-03-31EquitytruetruefalseNot applicabletruetruefalsePursuant to SEBI Circular No. SEBI/HO/CFD/CMD-2/P/CIR/2021/567 dated 31 May 2021 the note as given in Annexure IV this disclosure shall exclude any loan (or other form of debt), guarantee / comfort letter (by whatever name called) or security provided in connection with any loan or any other form of debt; by the listed entity to/for its subsidiary [and joint-venture company] whose accounts are consolidated with the listed entity.trueTop 500 listed entitiestruek00569OriginalFor Membership and Chairmanship in Committees, unlisted public companies are also considered for all Directors Mr. Mahesh Chhabria (DIN 00166049), has submitted his resignation as a Non-Executive Non-Independent Director from the Board of the Company with effect from close of working hours of 31st March 2025. The above points is considered based on guidelines and FAQs issued by NSE on filing of Corporate Governance ReporttruetrueMrKirloskar Atul Chandrakant00007387Non-Executive - Non Independent DirectorChairperson related to Promoter1956-02-13falseActiveNA2009-01-122024-04-013000MsGauri Atul KirloskarAIRPK6875C03366274Executive DirectorNot ApplicableMD1983-08-09falseActiveNA2014-06-172022-05-201030MrRahul Chandrakant Kirloskar00007319Non-Executive - Non Independent DirectorNot Applicable1963-07-07falseActiveNA2010-03-302010-03-303021MrMahesh Ramchand ChhabriaADCPM8911H00166049Non-Executive - Non Independent DirectorNot Applicable1964-04-19falseActiveNA2014-06-172014-06-172025-03-314262OthersMrVinesh Kumar Jairath00391684Non-Executive - Non Independent DirectorNot Applicable1958-12-27falseActiveNA2016-01-272016-01-273141MrSatish JamdarAADPJ1858L00036653Non-Executive - Independent DirectorNot Applicable1952-05-09falseActiveNA2017-05-102022-08-1191.22232MrKandathil Mathew Abraham05178826Non-Executive - Independent DirectorNot Applicable1957-12-30falseActiveNA2019-08-102024-08-1067.221111MrsShalini SarinABKPS6867L06604529Non-Executive - Independent DirectorNot Applicable1965-06-15falseActiveNA2019-10-252024-10-2565.075531MrYogesh Kapur00070038Non-Executive - Independent DirectorNot Applicable1957-07-23falseActiveNA2021-09-292021-09-2942.0266105MrPurvi ShethAALPS8544C06449636Non-Executive - Independent DirectorNot Applicable1972-05-31falseActiveNA2022-05-192022-05-1934.136610MrArvind Hari Goel02300813Non-Executive - Independent DirectorNot Applicable1957-10-13falseActiveNA2023-05-192023-05-1922.133241truetruetruetruetrueAudit Committee00166049Mahesh Ramchand ChhabriaNon-Executive - Non Independent DirectorMember2015-03-192025-03-31Consequent to resignation of Mr. Mahesh Chhabria as a Non-Executive Director of the Company with effect from Close of Working hours of 31st March 2025, he ceased to be a Member of the Audit CommitteeAudit Committee00391684Vinesh Kumar JairathNon-Executive - Non Independent DirectorMember2017-07-20Audit Committee00036653Satish JamdarNon-Executive - Independent DirectorMember2018-08-10Audit Committee05178826Kandathil Mathew AbrahamNon-Executive - Independent DirectorChairperson2023-09-12Audit Committee00070038Yogesh KapurNon-Executive - Independent DirectorMember2022-08-12Audit Committee02300813Arvind Hari GoelNon-Executive - Independent DirectorMember2023-09-12Nomination and remuneration committee00036653Satish JamdarNon-Executive - Independent DirectorChairperson2017-08-04Nomination and remuneration committee00166049Mahesh Ramchand ChhabriaNon-Executive - Non Independent DirectorMember2016-03-092025-03-31Consequent to resignation of Mr. Mahesh Chhabria as a Non-Executive Director of the Company with effect from Close of Working hours of 31st March 2025, he ceased to be a Member of the Nomination and Remuneration Committee. Mr. Rahul Kirloskar (DIN 00007319) appointed as a Member of the Nomination and Remuneration Committee with effect from 1st April 2025Nomination and remuneration committee06449636Purvi ShethNon-Executive - Independent DirectorMember2022-08-12Stakeholders Relationship Committee03366274Gauri Atul KirloskarExecutive DirectorMember2017-10-13Stakeholders Relationship Committee00070038Yogesh KapurNon-Executive - Independent DirectorChairperson2023-09-12Stakeholders Relationship Committee06449636Purvi ShethNon-Executive - Independent DirectorMember2023-09-12Risk Management Committee00036653Satish JamdarNon-Executive - Independent DirectorChairperson2022-08-12Risk Management Committee06604529Shalini SarinNon-Executive - Independent DirectorMember2021-07-24Risk Management Committee05178826Kandathil Mathew AbrahamNon-Executive - Independent DirectorMember2022-08-12Corporate Social Responsibility Committee00007319Rahul Chandrakant KirloskarNon-Executive - Non Independent DirectorChairperson2014-03-20Corporate Social Responsibility Committee03366274Gauri Atul KirloskarExecutive DirectorMember2022-05-20Corporate Social Responsibility Committee06604529Shalini SarinNon-Executive - Independent DirectorMember2021-07-242024-11-12true111162025-02-1190true11952025-03-1228true1195Audit Committee2024-11-12true6640Audit Committee2025-02-1190true6430Nomination and remuneration committee2024-11-12true3320Nomination and remuneration committee2024-12-0623true3320Nomination and remuneration committee2025-03-1194true3220Risk Management Committee2024-11-12true3330Risk Management Committee2025-02-1190true3220Stakeholders Relationship Committee2024-11-07true3320Stakeholders Relationship Committee2024-12-1941true3320Stakeholders Relationship Committee2025-02-1153true3320truetruetruetrueYestruetruetrueThe Corporate Governance report submitted for the quarter ended 31st December 2024, was placed before the Board of Directors in its meeting held on 11th February 2025 and same was noted by the Board. The Integrated Corporate Governance Report for the quarter ended 31st March 2025 will be placed before the Board of Directors at its ensuing meeting.Farah IraniCompany Secretary and Compliance OfficerYeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/NAYeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/NAYeshttps://www.kirloskaroilengines.com/NAYeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/NAYeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/Yeshttps://www.kirloskaroilengines.com/YesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesNAYesYesYesNAYesYesYesYesYesYesNAYesYesYesNAYes1. Fees/Compensation under regulation 17(6c) Not applicable for FY 2024-25. 2. Compliance Certificate under regulation 17(8)- It is complied with in the annual report for FY 2023-24 and it will be complied with in the annual report for FY 2024-25. 3. Performance Evaluation of Independent Directors 17(10) - It is complied with for FY 2023-24 and it will be complied with for FY 2024-25 in the ensuing Board Meeting . 4. Statement to be annexed to the notice under regulation 17(11) - It is complied with in the AGM Notice for FY 2023-24 and it will be complied with in the AGM Notice for FY 2024-25. 5. Policy for Related Party Transactions under regulation 23(8) - Not Applicable. 6. Disclosure of related party transactions on consolidated basis under Regulation 23(9) for the half year ended 31 March 2025 will be filed on the date of publication of standalone and consolidated financial results for the quarter ended 31 March 2025 7. Other Corporate Governance requirements with respect to subsidiary of listed entity under Regulation 24(6) - Will be complied with as an when applicable. 8.Declaration from Independent Director under Regulation 25 (8)&(9) - It is complied with for FY2023-24 and it will be complied with for FY 2024-25 and to be noted in the upcoming Board Meeting. 9. Affirmation with compliance to code of conduct from members of Board of Directors under regulation 26(3)- It is complied with in the annual report for FY 2023-24 and it will be complied with in the annual report for FY 2024-25. 10. Policy with respect to Obligations of directors and senior management under regulation 26(5)- It is complied with in the annual report for FY 2023-24 and it will be complied with in the annual report for FY 2024-25.Farah IraniCompany Secretary and Compliance OfficerYesFarah IraniCompany Secretary and Compliance OfficerfalseFarah IraniCompany Secretary and Compliance OfficerPune2025-04-3001100Joint Commercial of State Tax, PUN-APP-F-004, Pune Division-2, Pune, MaharashtraAppeal Order passed for the FY 2018-19 with tax demand of Rs.10.75 Lakhs, interest of Rs.50.37 Lakhs and penalty of Rs.6.66 Lakhs.2025-03-29The Company has received Appeal order for short payment of GST and Input Tax credit disallowance along with interest and penalty.The Company accepted tax liability and paid on 31-03-2025. The Company will apply for waiver scheme for Interest and Penalty under amnesty scheme. The Company does not foresee any impact on its financial, operations or other activities.Commissioner, CGST, Kolhapur Commissionerate2022-02-04Excise duty of Rs. 21.65 Cr alongwith applicable interest and penalty was demanded on Industrial Promotion Subsidy (IPS) received during August-2011 to April 2015. Commissioner, CGST, Kolhapur passed the Order in Original in favor of KOEL in Mar-2019 dropping the entire demand. In February 2022, Commissioner, CGST, Kolhapur Commissionerate filed an appeal before Hon'ble CESTAT, Mumbai against the order in original.The appeal is pending before Hon'ble Customs, Excise And Service Tax Appellate Tribunal (CESTAT), Mumbai bench.Joint Commissioner, CGST, Pune-II2022-06-08Tran-1 credit of Rs.18.93 Cr disallowed and imposed equal penalty and interest as applicableAn appeal has been filed by the Company against the order before the Commissioner- Appeal, CGST, Pune-II and the same is pending.Commissioner, CGST, Rajkot2016-06-24Excise duty exemption denied on pump set and differential duty of Rs. 11.70 Cr demanded imposing a penalty of Rs. 4 Cr and interest as applicable.An appeal has been filed by the Company against the order before Hon'ble Customs, Excise And Service Tax Appellate Tribunal (CESTAT), Ahmedabad and the same is pending.Income Tax Department (ITD)2017-11-22The ITD has made additions to the returned income of the Company for FY 2014-15 on account of capital subsidy received from Government of Maharashtra, disallowance of provision for warranty and few other expenses/ deductions during the scrutiny assessment order passed u/s 143(3) of the Income Tax Act, 1961. Quantum of claim is Rs. 26,84,25,463.The company has filed an appeal before the Commissioner of Income Tax (Appeals) (CIT(A)/ First Appellate Authority) and the same is currently pending. Based on the past precedents in Company's own case as well as other judicial pronouncements, the Company is of the view that the likelihood of these additions being deleted by the appellate authorities is high and there may not be any material claim against the Company which may have any impact on the company.Income Tax Department (ITD)2016-12-26The ITD has made additions to the returned income of the Company for FY 2017-18 on account of disallowance of provision for warranty and few other expenses/ deductions during the scrutiny assessment order passed u/s 143(3) of the Income Tax Act, 1961. Quantum of claim is Rs. 15,82,65,600.The company has filed an appeal before the Commissioner of Income Tax (Appeals) (CIT(A)/ First Appellate Authority) and the same is currently pending.Based on the past precedents in Company's own case as well as other judicial pronouncements, the Company is of the view that the likelihood of these additions being deleted by the appellate authorities is high and there may not be any material claim against the Company which may have any impact on the company.Income Tax Department (ITD)2025-03-24The ITD had made additions to the returned income of the Company for FY 2022-23 on account of disallowance of provision for warranty during the scrutiny assessment order passed u/s 143(3) of the Income Tax Act, 1961. During the course of the scrutiny assessment the SCN was issued on 27th February 2025, proposing total disallowances having a tax impact of INR 19.17 Cr. However, post filing the submission clarifying the factual position on the proposed disallowances as mentioned in the SCN the ITD passed the final order dated 24th March 2025, making the disallowance only in respect of provision for warranty having a Tax impact of 12.93 Cr.Being aggrieved, KOEL has filed an appeal before the Comissioner of Income Tax (Appeals) on April 11, 2025.The company has filed an appeal before the Commissioner of Income Tax (Appeals) (CIT(A)/ First Appellate Authority) and the same is currently pending. Based on the past precedents in Company's own case as well as other judicial pronouncements, the Company is of the view that the likelihood of these additions being deleted by the courts of law is very high and there will not be any material claim against the Company which will have any impact on the Company.