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Kirloskar Oil Engines Limited (KOEL) has responded to a SEBI advisory regarding the non-disclosure of a Deed of Family Settlement (DFS) among Kirloskar family members, asserting that the DFS does not bind the company. KOEL maintains that the DFS is a private agreement between family members and emphasizes that it has neither signed nor ratified the DFS. The company is set to challenge SEBI's decision legally, claiming that the advisory contradicts established principles and has been issued despite the matter being under judicial review since 2018. KOEL contends that the DFS does not impact its management or create any liabilities and will pursue legal remedies available to secure its interests while aiming for a fair resolution in the ongoing civil disputes. Potentially, the outcome of this saga could influence investor sentiment, necessitating close monitoring.