Kirloskar Pneumatic Company Limited — JV/Acquisition, 25-10-2024: Acquisition

Kirloskar Pneumatic Company Limited has executed a Share Purchase and Shareholders' Agreement to acquire 55.26% equity shares in Systems and Components (India) Private Limited for approximately ₹15.50 Crores. The transaction is expected to be completed within the next two months. Notably, Victory Alloy Steel Private Limited, a wholly owned subsidiary of the target company, has been struck off and is no longer a subsidiary. Further details are available in the company's previous disclosures.