Kirloskar Industries Ltd - Updates

Kirloskar Industries Ltd has informed BSE that Kirloskar Ferrous Industries Limited (KFIL), a listed material subsidiary of the Company, has submitted to the Stock Exchange, where the shares of KFIL is listed, pursuant to Regulation 30 read Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, vide its letter dated December 21, 2016, update on investment in S. L. Kirloskar CSR Foundation, a Section 8 Company with reference to its letter dated June 17, 2016.<BR><BR>In continuation to its aforesaid letter, KFIL has informed that 10,000 equity shares of Rs. 10 each had been allotted to KFIL. KFIL has thereafter transferred 200 equity shares of Rs. 10 each (0.4%) in the share capital of S. L. Kirloskar CSR Foundation.<BR><BR>As a result, the holding of KFIL in S. L. Kirloskar CSR Foundation is reduced to 9,800 equity shares of Rs. 10 each i.e., (19.6%).<BR><BR>A copy of the same submitted by KFIL to the stock exchange on December 21, 2016, is enclosed.