Kirloskar Brothers Ltd

Dear Esteemed Shareholders,

As we gather to reflect on the past year, I extend my heartfelt thanks for your steadfast support and for being an integral part of this incredible journey together.

Our industry just like many others is undergoing rapid technological advancements and innovations. The dynamic landscape of digitalisation and AI presents both challenges and opportunities, urging us to adapt and evolve. Our commitment to remaining future-ready and customer-centric is unwavering, reflecting our 136-year-old legacy of dedication to excellence and innovation. I am thrilled to unveil our strategic roadmap, anchored in visionary leadership, digital optimisation, process enhancement and people empowerment.

We are leading the charge in our industry by embracing technology throughout our operations in this digital age. Our "Digital First" approach includes comprehensive training initiatives to empower our workforce to effectively leverage digital tools and platforms.

The transformational growth at KBL has been catalysed by well-thought-out and executed strategic actions. Aligning our resources and capabilities has fostered innovation and organisational agility, enabling us to capitalise on emerging opportunities. This distinction sets us apart from our competitors. We take great pride in our long-standing relationships with marquee clients and our global partnerships, which have been instrumental in shaping our success. I am confident that our transformative efforts will not only sustain a brighter future for our company but also play a crucial role in building a more prosperous nation.

We are leading the charge in our industry by embracing technology throughout our operations in this digital age. Our "Digital First" approach includes comprehensive training initiatives to empower our workforce to effectively leverage digital tools and platforms.

Nation-building is intertwined with preserving heritage, ensuring that the legacy of our past enriches the fabric of our future. KBL is deeply honoured to be associated with the construction of Shri Ram Mandir in Ayodhya – a project that resonates deeply with the nation's spirit. We supplied over 100 pumps to the majestic Ram Mandir reaffirming our dedication to providing efficient water management systems and firefighting pumps to ensure the safety of the temple and its devotees.

India's nuclear industry is a significant component of its broader energy strategy, aiming to increase nuclear power output as part of its commitment to clean energy and to meet the rising energy demands of its rapidly growing economy.

We are strategically positioned to contribute significantly to this sector. KBL's expertise in advanced pump technology, coupled with its robust experience in engineering and manufacturing high-efficiency pumps, makes it an ideal partner for the nuclear industry.

The robust demand for our pumps, driven by the government's focus on agriculture, water and the oil & gas sector, has fuelled our profitability. We have enhanced our financial performance by strategically diversifying our business mix through international operations. By maintaining stable commodity prices and adjusting our pricing strategies, while increasing the proportion of high-margin and reliable service businesses, we have achieved sustained growth and success.

We aim to bolster our presence in the retail sector by introducing energy-efficient pumps as a cornerstone of our green energy product line.

Our Environmental, Social and Governance (ESG) framework, aligned with the UN Sustainable Development Goals (UNSDGs), guides our strategy as we work with stakeholders to support sustainability. By adopting circular practices and reducing our environmental impact, we uphold our responsibility to protect the planet. We aim to create a workplace culture that encourages personal growth, inclusion and diversity, aspiring to be the best place to work for those who share our values and passion.

As we look ahead, our vision serves as a guiding light, inspiring us to reach new heights of excellence, while our mission grounds us in our commitment to serve our customers, employees and communities with integrity and dedication. Together, we will navigate challenges, seize opportunities and create a lasting impact, ensuring our continued success and prosperity on this transformational journey.