Atul, Rahul Kirloskar to challenge Sebi order on family settlement
Financial Express Mumbai|January 01, 2025
ENTITIES UNDER ATUL and Rahul Kirloskar's control – Kirloskar Oil Engines (KOEL), Kirloskar Industries (KIL), Kirloskar Pneumatic (KPCL), and Kirloskar Ferrous (KFL) – are gearing up for a legal battle against a Securities and Exchange Board of India (Sebi) directive.
GEETA NAIR

The order requires these companies to disclose a 2009 family settlement agreement signed among Kirloskar family members in their personal capacities.

On December 30, Sebi issued letters to the four listed companies, citing their failure to disclose the "Deed of Family Settlement" (DFS) under Regulation 30 of the Sebi Listing Obligations and Disclosure Requirements (LODR). Sebi advised that the DFS, dated September 11, 2009, should be made public.

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