Page 2 - Kirloskar Brothers

Kirloskar family feud: SC to hear KMD CMD's plea on March 15

The Supreme Court will hear on March 15 a plea by Kirloskar Brothers Ltd (KBL) CMD Sanjay Kirloskar challenging a Bombay High Court order directing arbitration in a family feud related to assets.

Kirloskar family dispute: SC seeks views of Atul, others on mediation

The top court on July 27 had ordered status quo in the matter and asked the parties involved to explore the possibility of mediation

Kirloskar feud: SC agrees to hear KBL CMD's plea on November 25

The Supreme Court Friday agreed to hear on November 25 the plea on Kirloskar Brothers Ltd's family feud related to assets in which KBL CMD Sanjay Kirloskar has challenged the Bombay High Court order

Kirloskar feud: Supreme Court calls for resolution through mediation

The Supreme Court Tuesday ordered status quo in the Kirloskar Brothers Ltd family feud related to assets wherein KBL's CMD Sanjay Kirloskar has challenged the Bombay High Court order directing arbitration in the case. The apex court's status quo will also extend to the proceedings in the Pune civil court on KBL seeking damages for violation of the family deed. Asking the parties involved in the case to explore the possibility of mediation, a bench comprising Chief Justice N V Ramana and Justice Surya Kant issued notice on the appeal by Sanjay Kirloskar and asked them to file replies within six weeks. The top court asked Kirloskar brothers - Sanjay and Atul with others to explore mediation to resolve the family dispute relating to the assets. "We both (judges) feel it is one of the reputed families and company. We feel the issues are sorted out by mediation or arbitration which is better in the interest of the company," the bench said. "You go on litigating in the civil courts, you

Kirloskar family feud: Brothers' firms spar over 130-year-old legacy

Kirloskar Brothers Ltd accused four firms under his brothers Atul and Rahul of trying to "usurp" its legacy of 130 years and trying to mislead the public, which has been refuted by the other side.

Kirloskar brothers spar over non-compete agreement, family settlement deed

Sanjay Kirloskar moves Supreme Court to enforce family settlement

Kirloskar family feud: SC adjourns hearing on Sanjay's plea to July 27

The dispute between the siblings got ignited after Rahul and Atul acquired La Gajjar Machineries in 2017, which competes with Sanjay's Kirloskar Brothers Ltd

Kirloskar Brothers sets up new manufacturing division for tech products

Leading pump manufacturing company Kirloskar Brothers Limited (KBL) has set up a new manufacturing division in Maharashtra for high-end technology products, primarily used for nuclear applications.

Kirloskar Brothers to be debt-free company, focus on profitable growth

Leading pump makers Kirloskar Brothers Ltd (KBL) is close to be a debt-free company and will continue its growth journey into domestic and international markets, said a top company official. After being debt-free, the company will focus on cash flow and will not chase topline (revenue) numbers at the cost of profitability, said KBL Director Alok Kirloskar. "As part of that strategy, we will be a debt-free company. And, if you look at the numbers at the end of this year in March, we are almost debt-free as a company," Alok Kirloskar told PTI. On a standalone basis, KBL is close to being debt-free and the next objective is to enhance its ROCE (return on capital employed), over 25 per cent and ROE (return on equity) about 20 per cent, added. "The next objective is, of course, enhancing the profitability and enhancing our growth after we are established to be debt-free because we are not comfortable with having large amounts of debt, which was the case in 2010," he added. When asked a

Sebi penalises Kirloskar promoters over alleged breach of securities norms

Over a dozen individuals and entities asked to cough up Rs 31 crore in penalty and disgorgement

Kirloskar Brothers Q1 net loss at Rs 3.26 crore

Shares of the company ended 7.72% down at Rs 138.60 per scrip on BSE