Kirloskar Pneumatic Cancels May 12 Nippon Mutual Fund Meeting Due to Exigencies

Kirloskar Pneumatic Company has informed the stock exchanges of the cancellation of its scheduled 1X1 virtual meeting with Nippon Mutual Fund, which was originally planned for May 12, 2026. The update was submitted via letter reference SEC&LEG/476, dated May 12, 2026, by Company Secretary & Head Legal, Jitendra R. Shah, in continuation of the earlier intimation dated May 7, 2026.

Cancellation of Scheduled Interaction

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kirloskar Pneumatic Company notified exchanges that the following management interaction was cancelled due to exigencies:

Meeting Details:	Session 1
Day & Date:	Tuesday, May 12, 2026
Time (IST):	4.30 pm to 5.30 pm
Nature of Interaction:	1X1 Virtual Meeting
Investor / Analyst / Institution:	Nippon Mutual Fund
Status:	Cancelled

Remaining Schedule

The group virtual meeting with Antique Stock Broking Limited, originally scheduled for Wednesday, May 13, 2026, from 3.30 pm to 4.30 pm (IST), was not mentioned in the cancellation notice and remains part of the originally disclosed schedule.

Regulatory Compliance

The cancellation intimation has been filed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had earlier stated that no unpublished price sensitive information would be shared during any of the scheduled interactions, and had noted that the meeting schedule was subject to changes due to exigencies.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.62%	-4.90%	+5.00%	+47.28%	+20.36%	+157.42%

Kirloskar Pneumatic Company has completed the acquisition of the balance 44.74% equity shares in Systems and Components (India) Private Limited (SCIL) for a consideration of ₹12.55 crores, pursuant to a Share Purchase and Share Holders' Agreement (SPSHA). The transaction was completed on May 4, 2026, as disclosed under Regulation 30 of the SEBI Listing Regulations, 2015. With this acquisition, SCIL has become a Wholly Owned Subsidiary of Kirloskar Pneumatic Company (KPCL), representing 100% of SCIL's equity share capital now held by KPCL.

Acquisition Details

The following table summarizes the key parameters of the transaction:

Parameter:	Details
Target Company:	Systems and Components (India) Private Limited
CIN of Target:	U74210MH1989PTC054107
Registered Office of Target:	E-301, Eastern Business District, L.B.S. Marg, Bhandup (West), Mumbai - 400078, Maharashtra, India
Stake Acquired:	44.74% equity shares (balance shareholding)
Transaction Value:	₹12.55 crores
Agreement:	Share Purchase and Share Holders' Agreement (SPSHA)
Effective Date of Full Ownership:	May 4, 2026
Regulatory Disclosure:	Regulation 30, SEBI Listing Regulations, 2015

Wholly Owned Subsidiary Status

With the completion of this acquisition, Systems and Components (India) Private Limited transitions into a Wholly Owned Subsidiary of Kirloskar Pneumatic Company, effective May 4, 2026. The acquisition of the balance 44.74% equity shares was made from the existing Promoter Shareholder of SCIL, in continuation of earlier disclosures referenced as SEC&LEG/452 and SEC&LEG/455 dated April 27, 2026. Kirloskar Pneumatic is undertaking a restructuring of its subsidiary to align performance with the expectations set at the time of acquisition. This transformation will require some time before delivering the anticipated positive outcomes for the subsidiary.

Company Overview

Established in 1958, Kirloskar Pneumatic Company Ltd. (KPCL) is a diversified company offering a comprehensive range of products, including Air, Refrigeration, and Gas compressors and systems, vapour absorption chillers, and industrial gearboxes. Serving various industries such as steel, cement, cold chains, food and beverages, pharmaceuticals, railways, defense and marine, KPCL holds a significant presence in the Oil & Gas sector. Notably, the Company is a key player in CNG business in India.