Sanjay 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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Awaiting price reaction for this filing.
Sanjay Kirloskar, on behalf of himself and the promoter group of Kirloskar Pneumatic Company Limited (KPCL), has submitted a declaration to the exchanges confirming that no encumbrance (pledge, lien, or similar charge) was created on any KPCL shares held by the promoter group during the financial year ended 31 March 2025. The accompanying annexure lists 57 promoter-group entities and individuals along with their shareholdings as of 31 March 2025, with the pledged/encumbered column entirely showing zero or nil. The largest individual promoter holders are Rahul Chandrakant Kirloskar with 74,96,150 shares (11.55%), Kirloskar Industries Limited with 64,22,990 shares (9.90%), and Atul Chandrakant Kirloskar with 61,07,523 shares (9.41%). The disclosure is a mandatory annual compliance under SEBI's takeover regulations, not a transaction event.
This is a routine positive compliance disclosure — it reassures shareholders that promoter holdings remain fully unencumbered, with no risk of forced sale from pledge invocation. Neutral to mildly positive for stock sentiment; no direct price catalyst expected.