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 Pneumatic Company Limited, has submitted a declaration under SEBI Regulation 31(4) confirming that neither he nor any member of the promoter group has created any encumbrance or pledge on their shares during the Financial Year ended March 31, 2026. The disclosure includes a detailed Annexure listing 63 entities in the promoter group along with their shareholdings. Key promoters like Atul C Kirloskar (61,07,523 shares, 9.40%), Rahul Chandrakant Kirloskar (74,96,150 shares, 11.54%), and Better Value Holdings Private Limited (64,22,990 shares, 9.89%) all show zero shares pledged. The combined promoter holding across all entities is substantial, and all pledge columns show zeros or dashes indicating no encumbrances were created.
This is a positive disclosure for shareholders as it confirms promoters have not pledged their shares, indicating financial stability and no immediate risk of forced selling by lenders. The company has also been requested to communicate this at the next Audit Committee meeting.