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.
KIRLOSENG · price
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Rahul Kirloskar, a promoter of Kirloskar Oil Engines Limited, has submitted a declaration under SEBI Takeover Regulations confirming that the promoter group has NOT created any encumbrance or pledge on their shares during FY2026 ended March 31, 2026. The filing provides a detailed annexure listing 58 entities in the promoter group and their shareholdings. Key holders include Rahul Chandrakant Kirloskar (12.24%), Atul C Kirloskar (10.10%), Alpana Rahul Kirloskar (5.36%), and Kirloskar Industries Limited (5.65%). All listed entities show zero shares pledged or encumbered as of March 31, 2026.
This is a positive disclosure for investors as it confirms promoters have not pledged their shares, reducing the risk of forced selling or dilution from margin calls. It indicates financial stability within the promoter group and removes a potential overhang on the stock.