Kirloskar Pneumatic Company Limited has informed the Exchange regarding 'Disclosure under REgulation 30A of LODR'.
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Kirloskar Pneumatic Company is publicly disclosing a Deed of Family Settlement (DFS) dated September 11, 2009, signed among individual members of the Kirloskar family (Atul, Sanjay, Vikram, Rahul Kirloskar, and Gautam Kulkarni) who head different branches of the family. This disclosure follows a Bombay High Court order dated September 23, 2025, where the court accepted SEBI's clarification that merely disclosing an agreement does not mean the company admits it is bound by it. The DFS covers ownership, management, and control distribution across multiple Kirloskar Group companies including Kirloskar Oil Engines, Kirloskar Brothers, and Kirloskar Pneumatic itself. The company strongly emphasizes it is NOT a party to the DFS, has never ratified it, and the agreement does not impact its management, control, or create any liability.
This is largely a procedural compliance disclosure with the company explicitly disclaiming any binding effect on itself. Shareholders should note that the 2009 family settlement does not affect the company's operations, management, or control, and there is no direct operational or financial implication for Kirloskar Pneumatic shareholders.