Kirloskar Industries has informed that the company purchased shares of KBL after seeking necessary pre-clearances and making necessary disclosures in accordance with the then applicable laws. The company does not believe that SEBI is conducting any investigation in the matter against it. Perusal of SEBI website does not suggest that SEBI has initiated any inquiry or investigation nor are any orders passed against the company in this matter. No additional disclosures are required consequent to this article under Regulation 30.
The above information is a part of company’s filings submitted to BSE.