Kirloskar Pneumatic Company Limited — Updates, 31-12-2024: Press Release

SEBI has directed Kirloskar Pneumatic Company Limited to disclose the Deed of Family Settlement (DFS) from September 11, 2009, concerning family members. The company asserts that the DFS does not bind them and has no impact or liabilities on their operations. This matter has been under civil court review since 2018, and Kirloskar Pneumatic maintains that SEBI's assertion is based on inaccuracies and disregards established legal principles. In response, the company is seeking legal counsel to challenge SEBI’s decision. Their commitment to justice suggests a proactive stance, and shareholders should watch closely for developments that may affect the company's broader operational stability and reputation.