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Four Kirloskar companies have filed an appeal with the Securities Appellate Tribunal (SAT) challenging a SEBI letter demanding the disclosure of a 2009 family settlement deed. The market regulator’s request has sparked a legal battle, as the companies argue that the Deed of Family Settlement (DFS) is not relevant to their listed status. This development comes amid ongoing disputes between Kirloskar family members, including Chairman Sanjay Kirloskar and his siblings Atul and Rahul, over the control and management of the 130-year-old Kirloskar Group's assets.
Kirloskar Oil Engines has reported a strong start to FY24, with a 7% increase in net profit and a 6% rise in net sales for the April-June quarter. This solid performance reflects the company's effective cost management and growing market presence. Dive into our detailed analysis to understand the factors driving this success and what it means for the future of Kirloskar Oil Engines