Jyotsana Kulkarni 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.
KIRLOSIND · price
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Promoter Jyotsna Kulkarni of Kirloskar Industries Limited has filed a declaration confirming that no encumbrances (pledges) were created on the company's shares held by the promoter group during the Financial Year ended 31 March 2026. The disclosure covers all 31 members of the Kirloskar promoter group. Key individual holdings include Jyotsna Gautam Kulkarni (11,78,592 shares, 11.21%), Nihal Gautam Kulkarni (5,89,296 shares, 5.61%), and Ambar Gautam Kulkarni (5,89,296 shares, 5.61%), collectively representing approximately 22.43% of total shares. Several entities in the group hold nil or negligible shares. The declaration also requests the company to communicate this at the next Audit Committee Meeting per Regulation 31(5).
A clean declaration with zero pledge encumbrances on promoter shares is a positive signal, indicating the promoter group has not leveraged their holding for debt, reducing risk of forced sale pressure on the stock.