Kirloskar Brothers Limited — Important, 13-03-2025: Disclosure of material issue

Kirloskar Brothers Ltd. has made a strategic investment in Sunsure Solarpark Nineteen Private Limited by acquiring a 37.52% equity stake, with an aggregate investment of Rs. 48.59 Million. This purchase enables Kirloskar to bolster its renewable energy portfolio, aligning with its long-term strategy in the solar power segment. The company subscribed to 31,020 equity shares at a premium of Rs. 1,266 per share, while its subsidiary, The Kolhapur Steel Ltd. (TKSL), acquired an additional 8.55% equity, bringing the total ownership to 46.07%. Given the increasing focus on renewable energy and sustainability, this acquisition presents a positive outlook for Kirloskar Brothers, potentially enhancing its market presence and growth prospects in the renewable sector. Investors should monitor this development closely for future implications on performance.