Kirloskar Oil Engines Limited — Updates, 31-12-2024: Press Release

The Securities and Exchange Board of India (SEBI) has instructed Kirloskar Oil Engines Limited to disclose the Deed of Family Settlement (DFS) dated September 11, 2009, related to the Kirloskar family. The company disputes SEBI's position, asserting that the DFS is not binding on them, and believes it does not impose any liabilities or restrictions. The matter is ongoing in civil court since 2018, and the company is preparing to legally contest SEBI's decision due to perceived inaccuracies and misinterpretations of contract and corporate law.

Kirloskar Oil Engines is a prominent manufacturer of internal combustion engines and generator sets, with a strong foothold in international markets, including a robust distribution network in the Middle East and Africa. The company is focused on innovation, offering engines certified for stringent emission standards and developing alternatives like biodiesel and natural gas engines.