Disclosure under Regulation 30A of SEBI (LODR) Regulations.
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G. G. Dandekar Properties has disclosed a Deed of Family Settlement (DFS) dated September 11, 2009, entered into among individual members of the Kirloskar family (Atul, Sanjay, Vikram, Rahul Kirloskar and Gautam Kulkarni) regarding ownership, management and control of various Kirloskar Group companies including G.G. Dandekar Machine Works Ltd. The disclosure was made after the Bombay High Court, in its September 23, 2025 order, accepted SEBI's clarification that merely disclosing an agreement does not mean a listed company admits it is bound by it. The company filed Writ Petition 607 of 2025 challenging Regulation 30A of SEBI LODR, and SEBI agreed with the company's position during the hearing. The DFS involves share transfers and cash settlements worth several hundred crores among family branches.
This is largely a procedural/regulatory disclosure with no direct material impact on the company's operations or shareholders. The company explicitly states it is not a party to the DFS and does not admit the agreement affects its management or control.