Jyotsana Kulkarni 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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Jyotsna Kulkarni, promoter of Kirloskar Pneumatic Company Limited, has filed a declaration confirming that neither she nor any member of the promoter group created any encumbrance (pledge) on their KPCL shares during the financial year ended 31 March 2026. The filing includes an annexure listing all 31 promoter group entities including Kirloskar Industries Limited (holding 64,22,990 shares or 9.89%), with the pledge columns showing blank or zero for all entities. This is a routine compliance filing under SEBI's Takeover Regulations requiring promoters to declare share pledge status.
Positive signal for shareholders — promoters have not borrowed against their shares, indicating financial stability within the promoter group. This reduces risk of forced share sales that could dilute promoter holding or impact stock price.