Rahul 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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Awaiting price reaction for this filing.
Rahul Kirloskar, a promoter of Kirloskar Brothers Limited (KBL), has submitted a declaration to the exchanges (BSE and NSE) under Regulation 31(4) of the SEBI Takeover Code. The declaration states that he and the members of his promoter group have not created any encumbrance (pledge, lien, or charge) on the shares of KBL held by them during the financial year ended March 31, 2025. The accompanying annexure lists the shareholdings of the promoter group, with major holders being Kirloskar Industries Limited at 1,89,88,038 shares (23.91%) and Sanjay Chandrakant Kirloskar at 1,78,47,465 shares (22.48%). The pledged/encumbered shares column is shown as nil across all promoter group entities. He has also requested KBL to place this disclosure before the next Audit Committee meeting as required under Regulation 31(5).
This is a routine annual regulatory compliance filing and is unlikely to have any material impact on the stock price. The absence of any pledging of promoter shares signals that the promoter group is not under financial stress and maintains full unencumbered ownership of their holdings, which is mildly positive for shareholder confidence.