Kirloskar Ferrous Industries Limited (KFIL) held a 1x1 meeting with institutional investor Molecule Ventures on June 18, 2026, to discuss its operational overview. The interaction did not involve the sharing of any unpublished price sensitive information. Kirloskar Industries Ltd , the holding company, subsequently provided an update regarding this meeting to BSE Limited and National Stock Exchange of India Limited on June 19, 2026.

The meeting was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. KFIL submitted the intimation regarding the outcome to the exchanges on June 18, 2026.

Meeting Details

The update from the holding company confirmed that KFIL is a listed material subsidiary and that the enclosed intimation was self-explanatory.

Kirloskar Ferrous Industries Limited (KFIL), a material subsidiary of kirloskar industries , has secured a significant international contract for the supply of pig iron valued at USD 13.51 Million. The order was awarded by a buyer based in London, UK, and involves the export of basic grade pig iron, marking a key development in the subsidiary's operations for the current fiscal period.

The contract stipulates the supply of 30,000 metric tonnes (MT) of pig iron, with a permissible variation of plus or minus 5%. Delivery will be executed on a Free on Board (FOB) basis against a Letter of Credit payable at sight. The agreement outlines that the latest shipment must be completed by August 15, 2026, ensuring a defined timeline for execution and revenue recognition.

KFIL confirmed that the order is from an international entity and does not involve any related party transactions. The company further stated that neither the promoters, promoter group, nor other group companies hold any interest in the entity that awarded the contract. This disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The salient details of the contract, including the nature of the order and the broad consideration, were formally communicated to the exchanges. The subsidiary's management highlighted that the contract is expected to be executed within the stipulated time frame, adhering to the shipping and trade terms specified in the agreement.

Contract Details