Kirloskar Pneumatic Company Limited has informed the Exchange regarding a press release dated May 04, 2026, titled " Kirloskar Pneumatic enhanced stake to 100% equity in Systems & Components India Private Limited".
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Kirloskar Pneumatic Company Ltd has acquired an additional 44.74% equity stake in Systems & Components India Private Ltd (S&C), taking its total holding to 100%. With this acquisition effective May 4, 2026, S&C has become a wholly owned subsidiary of the company. The company is undertaking a restructuring of this subsidiary to align performance with expectations set at the time of acquisition. Management acknowledges that this transformation will require time before delivering the anticipated positive outcomes for the subsidiary.
The full acquisition of S&C strengthens Kirloskar Pneumatic's control over its subsidiary, though investors should note the company expects a time gap before seeing positive results from the restructuring efforts.