Kirloskar Industries Dividend: Kirloskar Industries announced dividend, increase in equity share capital and future plans approved by the company’s board

Kirloskar Industries announces dividend of Rs 11 per share for FY23

Sanjay Kirloskar-led Kirloskar Brothers (KBL) called an extraordinary general meeting (EGM) on December 8 in response to the demand from Atul Kirloskar-controlled Kirloskar Industries (KIL) that an independent forensic auditor be appointed to conduct an external forensic audit on KBL’s legal expense…

Proxy advisor for voting against audit of KBL’s legal costs

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

Kirloskar Bros shareholders to vote on forensic audit starting Tuesday

It follows 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).

Kirloskar Brothers Ltd calls for shareholders’ meet on December 8 to consider, approve forensic audit

Total income increased 83 per cent to was at ₹1,812.1 crore

Kirloskar Industries posts consolidated net profit of ₹234 crore in Q2

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

Kirloskar Industries’ Board seeks forensic audit on Kirloskar Brothers

“The said EGM has been requisitioned along with Atul Kirloskar and Rahul Kirloskar as co-requisitioners in light of the statements made by KBL released in recent news articles, whereby KBL has confirmed to expending approximately Rs 274 crore for legal, professional fees and consultancy charges...,”…

Kirloskar Industries seeks EGM of Kirloskar Brothers; demands forensic audit

As per the SAT order, Rahul said, ”...there was no insider trading by us when we had sold the shares of the Kirloskar Brothers Ltd (KBL) to Kirloskar Industries Ltd back in 2010. Consequently, the SAT order exonerates us from the charges of insider trading and fraudulent trade practices levelled aga…

Kirloskar siblings raise questions over corporate governance of Kirloskar Brothers Ltd

M&M Proposes to Acquire 17.41% stake (21,14,349 Equity shares) in Swaraj Engines. M&M proposes to acquire shares of Swaraj Engines Limited (“SEL”) from Kirloskar Industries Limited (“KIL”)
Post this M&M shareholding to increase from 34.72% to 52.13% .To acquire shares at a price of Rs.1,400/sh. All Cash deal aggregating to an approximate amount of Rs.296Cr
Swaraj Engine share was up over 13% in trade today but endingthe day with 4.75% of gains. Acquisition to be done at a discount of 17.5% from Tuesdays closing. Acquisition expected to get complete by 30th Sept.Deal consideration to be paid in Cash

#swarajengines #kirloskar #shares
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Swaraj Engines rallies after M&M proposes to raise stake to 52.13%

M&M has agreed to acquire 17.41% more stake in Swaraj Engines from Kirloskar Industries to emerge as a majority stakeholder.

Swaraj Engines, Kirloskar Industries Surge After Mahindra Deal

Mahindra & Mahindra has agreed to acquire 17.41% more stake in Swaraj Engines from Kirloskar Industries, increasing its overall stake to 52.13%.

M&M To Acquire Swaraj Engines From Kirloskar Industries In Rs 300-Crore Deal

Price return has been average, nothing exciting

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Kirloskar Industries Limited is engaged in the manufacturing of iron castings. The Company's segments are Wind power generation; Investments (Securities and Properties), and Iron Casting.