Kirloskar Brothers

The stock is inching towards its 52-week high of Rs 424 touched on November 25, 2022.

Kirloskar Systems on Monday said it has appointed Manasi Tata, daughter of late Vikram Kirloskar, as Director on the board of the company's joint-venture firms with immediate effect. These joint ventures include Toyota Industries Engine India Pvt Ltd, Kirloskar Toyota Textile Machinery Pvt Ltd (KTTM), Toyota Material Handling India Pvt Ltd (TMHIN), and Denso Kirloskar Industries Pvt Ltd (DNKI), the company said in a statement. Her appointment as Director, comes after the untimely passing of her father, late Vikram S Kirloskar, former Chairman & Managing Director, KSPL. His wife, Geetanjali Kirloskar, has already taken charge as the new Chairman & Managing Director at KSPL, it added. A fifth-generation scion of the Kirloskar empire, Tata is a graduate from the Rhode Island School of Design in the US, trained in Toyota manufacturing processes and the Japanese work culture. She runs an NGO 'Caring with Colour' and works with government schools in three districts of ...

Shareholders of Kirloskar Brothers Ltd have rejected a resolution for forensic audit of the affairs of the company by an external agency, according to a regulatory filing on Monday. On December 8, an extraordinary general meeting of the company's shareholders was convened following requisition by Kirloskar Industries Ltd (KIL) along with Atul Kirloskar and Rahul Kirloskar, who together hold 24.92 per cent in Kirloskar Brothers Ltd (KBL), amid the simmering feud between Kirloskar siblings. The ordinary resolution was rejected with 63.99 per cent of votes against it while 36.01 per cent were in favour, the filing said. The resolution had called for the appointment of an independent forensic auditor for conducting a forensic audit to investigate and verify the expenses incurred by KBL on legal, professional consultancy charges over the past six years and the affairs of the company. It had also sought investigation to verify all records, books of accounts, minutes books, and other ...

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Kirloskar Industries, a key investor in KBL, had sought the audit over legal fees of Rs 70 crore incurred by the latter. An EGM to consider this issue will be held on Dec 8

Shareholders to discuss legal fees paid by company as dispute in promoter family continues

Each signatory of the DFS is mandated to follow the rules and implement the deed with the approval of the respective board of directors

KIL raised questions whether the KBL Board, especially the independent directors of KBL, verified the claims made by Sanjay Kirloskar in relation to the Deed of Family Settlement

The Kirloskars are fighting a legal war over group assets with Sanjay Kirloskar chairman of Kirloskar Brothers Ltd on one side, and his brothers, Atul, 66, and Rahul, 59, on the on the other side

Sanjay Kirloskar-led Kirloskar Brothers Ltd refutes claim made by siblings Atul and Rahul that the firm paid Rs 274 crore in professional and legal expenses

Kirloskar Brothers Limited (KBL) on Sunday refuted allegations that it had spent Rs 274 crore towards payment of professional legal expenses and consultancy charges in the personal dispute of its Chairman and Managing Director Sanjay Kirloskar against his brothers Rahul and Atul. Kirloskar Pneumatic Co Ltd Executive Chairman Rahul Kirloskar and Kirloskar Oil Engines Ltd Executive Chairman Atul Kirloskar had on Saturday accused KBL of "mis-utilising shareholder resources of a publicly listed company and misusing regulatory machinery" after being cleared of insider trading charges by the Securities Appellate Tribunal (SAT). Rahul and Atul had stated that being a listed entity, KBL should justify the rationale and basis on which the company "has been spending huge amounts aggregating to approximately Rs 274 crore towards payment of professional and legal expenses" ever since their dispute arose in 2016. The brothers have been in a feud over the deed of family settlement for the assets

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The Supreme Court will hear on March 15 a plea by Kirloskar Brothers Ltd (KBL) CMD Sanjay Kirloskar challenging a Bombay High Court order directing arbitration in a family feud related to assets.

The top court on July 27 had ordered status quo in the matter and asked the parties involved to explore the possibility of mediation

The Supreme Court Friday agreed to hear on November 25 the plea on Kirloskar Brothers Ltd's family feud related to assets in which KBL CMD Sanjay Kirloskar has challenged the Bombay High Court order

The Supreme Court Tuesday ordered status quo in the Kirloskar Brothers Ltd family feud related to assets wherein KBL's CMD Sanjay Kirloskar has challenged the Bombay High Court order directing arbitration in the case. The apex court's status quo will also extend to the proceedings in the Pune civil court on KBL seeking damages for violation of the family deed. Asking the parties involved in the case to explore the possibility of mediation, a bench comprising Chief Justice N V Ramana and Justice Surya Kant issued notice on the appeal by Sanjay Kirloskar and asked them to file replies within six weeks. The top court asked Kirloskar brothers - Sanjay and Atul with others to explore mediation to resolve the family dispute relating to the assets. "We both (judges) feel it is one of the reputed families and company. We feel the issues are sorted out by mediation or arbitration which is better in the interest of the company," the bench said. "You go on litigating in the civil courts, you

Kirloskar Brothers Ltd accused four firms under his brothers Atul and Rahul of trying to "usurp" its legacy of 130 years and trying to mislead the public, which has been refuted by the other side.

Sanjay Kirloskar moves Supreme Court to enforce family settlement

The dispute between the siblings got ignited after Rahul and Atul acquired La Gajjar Machineries in 2017, which competes with Sanjay's Kirloskar Brothers Ltd

Leading pump manufacturing company Kirloskar Brothers Limited (KBL) has set up a new manufacturing division in Maharashtra for high-end technology products, primarily used for nuclear applications.