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.
KIRLOSENG · price
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Awaiting price reaction for this filing.
Sanjay Kirloskar, a promoter of Kirloskar Oil Engines Limited (KOEL), has filed a declaration with the stock exchanges confirming that neither he nor any member of the promoter group has created any encumbrance (pledge, lien, or charge) on their KOEL shares during the financial year ended March 31, 2025. The filing was made under SEBI's Takeover Regulations. As per the annexure, the key promoter holdings include Rahul Chandrakant Kirloskar with 1,77,86,902 shares (12.25%), Atul Chandrakant Kirloskar with 1,46,74,947 shares (10.11%), and Kirloskar Industries Limited with 82,10,439 shares (5.66%). Across all listed promoter group entities and individuals, zero shares were reported as pledged or encumbered. The declaration has been requested to be placed before KOEL's next Audit Committee meeting.
This is a positive signal for shareholders — promoters holding shares free of any pledge or encumbrance reduces the risk of forced selling or margin calls, indicating promoter confidence in the company. It should have a neutral to slightly positive effect on investor sentiment.