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Family Settlement Disclosure

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RBI Grade BNABARD ESISEBI
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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

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