Kirloskar industries Limited has received favorable approval from the National Stock Exchange of India Limited (NSE) for waiver of fine levied for non-compliance under Regulation 31 of SEBI (Listing Obligation and Disclosure Requirements) 2015. The approval comes as a relief for the company following regulatory compliance delays for the quarter ended 31 December 2025.

Regulatory Compliance Issue and Response

The fine was originally imposed by NSE due to the company's delay in compliance with Regulation 31 of the SEBI listing regulations for the quarter ended 31 December 2025. Following the imposition of the fine, Kirloskar Industries took proactive steps to address the matter by filing a waiver application with the exchange.

NSE's Favorable Decision

The National Stock Exchange considered the company's waiver request and granted approval through its letter dated 10 April 2026. The matter was placed before the Relevant Authority of the Exchange, which favorably considered Kirloskar Industries' request for fine waiver. This decision demonstrates the exchange's willingness to consider genuine cases where companies seek relief from regulatory penalties.

Company's Disclosure and Documentation

Kirloskar Industries made the disclosure to both BSE and NSE on 10 April 2026, continuing from their earlier intimation dated 11 March 2026 regarding the Board's comments on the fine. The company has provided complete documentation including the NSE approval letter as Annexure-I to ensure transparency with stakeholders.

Regulatory Compliance Going Forward

As part of the approval, NSE has advised Kirloskar Industries to ensure compliance with Listing Regulations and any other applicable regulations in the future. This standard advisory emphasizes the importance of maintaining timely compliance with all regulatory requirements to avoid similar issues going forward.

Kirloskar Industries Limited has published a second notice regarding the opening of a special window for transfer and dematerialisation of physical securities under Regulation 30 of SEBI regulations. The company informed BSE and NSE on 3 April 2026 about this regulatory compliance initiative.

Special Window Details and Timeline

In continuation to an earlier advertisement dated 7 February 2026, the company has opened a special window pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30 January 2026. This window facilitates transfer and dematerialisation of physical securities that were sold or purchased prior to 1 April 2019.

Transfer Conditions and Restrictions

The special window covers transfer requests that were previously submitted but rejected, returned, or not processed due to document deficiencies or other issues. Shares transferred during this window will be credited only in dematerialised form and will remain under lock-in for one year from the date of registration of transfer.

During the lock-in period, these securities cannot be transferred, lien-marked, or pledged. Securities that have been transferred to the Investor Education and Protection Fund (IEPF) will not be considered under this window for processing.

Submission Process and Contact Details

Eligible shareholders must submit their requests along with requisite documents to the company or its Registrar and Transfer Agent within the stipulated period. The RTA is MUFG Intime India Private Limited (formerly Link Intime India Private Limited).

The advertisement and circular are also available on the company's website at kirloskarindustries.com. The notice was signed by Ashwini Mali, Company Secretary & Compliance Officer, and published in Financial Express (English) and Loksatta (Marathi) newspapers on 3 April 2026.