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Kirloskar Industries informs about updates of material subsidiary

14 Sep 2023 Evaluate

Kirloskar Industries has informed that Kirloskar Ferrous Industries (KFIL), a listed material subsidiary of the Company, has intimated to the stock exchange, where the shares of KFIL are listed, vide letter no. 2949/23 dated 13 September 2023 and in continuation of earlier communication of KFIL letter no. 2943/23 dated 14 August 2023, the company has informed that the resolution plan for the corporate debtor (submitted by the KFIL and approved by the committee of creditors of the corporate debtor) has been approved by the National Company Law Tribunal, New Delhi Bench, vide its written order dated 12 September 2023 and the said order has been received by the KFIL on 13 September 2023. The Corporate Debtor was engaged in the business of ferrous casting and machining and has a manufacturing facility located in the state of Punjab. A copy of the intimation submitted by KFIL is enclosed.

The above information is a part of company’s filings submitted to BSE.

Kirloskar Industries Share Price

3267.10 -51.35 (-1.55%)
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