Kirloskar Pneumatic Company Ltd - 505283 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
KIRLPNU · price
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Kirloskar Pneumatic Company Limited (KPCL) has completed the acquisition of the remaining 44.74% equity shares in Systems and Components (India) Private Limited from the existing Promoter Shareholder. The acquisition was completed on May 4, 2026 under a Share Purchase and Share Holders' Agreement (SPSHA). The total consideration paid was Rs. 12.55 Crores. With this purchase, Systems and Components (India) Private Limited has become a Wholly Owned Subsidiary of KPCL. This follows the company's earlier disclosures dated April 27, 2026.
Shareholders may view this positively as KPCL has consolidated full control over a subsidiary, which could enhance earnings visibility and operational synergies. The Rs. 12.55 crore investment to acquire 100% stake is a relatively small deal but strengthens the parent company's ownership structure.