With reference to the earlier announcement dated January 22, 2016, regarding Outcome of Board Meeting. Kirloskar Pneumatic Company has now informed that the Company is making representation to Ministry of Corporate Affairs by way of an application for waiver of recovery of excess remuneration (as claimed by the Central Government) paid to Rahul C. Kirloskar, Executive Chairman during the financial years 2012-13, 2013-14 and 2014-15.
The above information is a part of company’s filings submitted to BSE.
