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.
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Atul Kirloskar, a promoter of Kirloskar Oil Engines Limited (KOEL), has submitted a declaration under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration confirms that neither he nor any member of the promoter group has created any encumbrance, directly or indirectly, on KOEL shares during the financial year ended March 31, 2025. The annexure lists the shareholdings of promoter group members, with major holders being Rahul Kirloskar (12.25%), Atul Kirloskar (10.11%), Kirloskar Industries Limited (5.66%), and Gauri Atul Kirloskar (3.96%). No shares across the promoter group are shown as pledged or encumbered as of March 31, 2025.
This is a routine annual compliance filing and a positive signal for shareholders, as it confirms that promoter-held shares remain free of any pledges or charges — reducing any concerns about potential forced selling or margin pressure on the promoter stake.