Atul Kirloskar has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
KIRLOSBROS · price
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Atul Kirloskar, promoter of Kirloskar Brothers Limited (KBL), has submitted a declaration under Regulation 31(4) of the SEBI Takeover Code. The key disclosure is that the promoter group did not create any encumbrance (pledge) on their KBL shares during the Financial Year ended 31 March 2026. The filing includes a full annexure listing 63 entities in the promoter group and their shareholding as of March 31, 2026. The disclosed holdings show Sanjay Chandrakant Kirloskar holds 22.48% (1,78,50,090 shares) and KBL itself holds 23.91% (1,89,88,038 shares), among others. All entries show zero pledged/encumbered shares. The declaration was also filed to be noted at KBL's Audit Committee meeting per Regulation 31(5).
Positive signal for investors — the absence of any pledge on promoter shares removes a key risk of forced share sale that could overhang the stock. This is a routine compliance filing confirming promoter financial health.