Sanjay 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.
KIRLOSIND · price
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Awaiting price reaction for this filing.
Sanjay Kirloskar, on behalf of himself and the promoter group of Kirloskar Industries Limited, has submitted a mandatory annual declaration under SEBI's Takeover Regulations confirming that no encumbrance (pledge, lien, or charge) was created on the company's shares held by the promoter group during the financial year ended March 31, 2025. The accompanying annexure lists the shareholding of all promoter-group entities, showing zero pledged or encumbered shares across the board as of March 31, 2025. Key promoter holdings include Rahul Chandrakant Kirloskar at 17.76% (18,49,478 shares) and Atul Chandrakant Kirloskar at 14.51% (15,11,352 shares), both fully unencumbered. This is a routine compliance filing required once a year and was requested to be placed before the next Audit Committee meeting.
This is a neutral-to-positive routine disclosure for shareholders. It confirms that no promoter shares have been pledged as collateral, which reduces concerns about forced selling risk. No immediate impact on stock price is expected from this compliance filing.