Family Settlement Disclosure

Kirloskar Oil Engines submitted the Application to the Securities and Exchange Board of India for the disclosure of family settlement deed entered among various Kirloskar family members.

Key Highlights:

• SEBI has urged the revelation regarding the deed of family settlement dated September 11, 2009 among different members of the Kirloskar family.
• The company states that the SEBI order is currently sub-judice and does not encompass the matters of contract law, corporate law, and company law.

SEBI Issued a Directive on Transfer of Shareholdings