Kirloskar Pneumatic Company Limited has completed the dematerialization process for securities received during February 2026, issuing the mandatory regulatory certificate to stock exchanges as required under SEBI regulations.

Regulatory Compliance Certificate

The company has issued a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, dated March 12, 2026. This certificate confirms the completion of the dematerialization process for securities received from February 1, 2026 to February 28, 2026.

Registrar Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's registrar and transfer agent, has provided confirmation of the dematerialization process. The registrar confirmed that all securities received from depository participants during the specified period were properly processed and that the security certificates have been mutilated and cancelled after due verification.

Process Compliance

The dematerialization process has been completed in accordance with regulatory requirements. Key compliance aspects include:

• Securities have been mutilated and cancelled after due verification
• The name of the depository has been substituted in company records as the registered owner
• All processes completed within the prescribed time of receipt of certificate of securities
• Securities are listed on stock exchanges where earlier issued securities are listed

Stock Exchange Notification

The certificate has been submitted to both BSE Limited and National Stock Exchange of India Limited through their online portals. The company has requested both exchanges to acknowledge receipt and update their records accordingly. Additionally, copies have been sent to National Securities Depository Limited (NSDL) and Central Depository Services India Limited (CDSL) in Mumbai.

The certificate was signed by Jitendra R. Shah, Company Secretary & Head Legal (Membership No. 17243), while the registrar confirmation was provided by Umesh Sharma, Branch Head - Pune at MUFG Intime India Private Limited.

Kirloskar Pneumatic Company has been provisionally chosen by the Indian government in the latest round of the Production Linked Incentive (PLI) scheme for white goods, marking a significant milestone for the engineering company.

Government Recognition Under PLI Scheme

The provisional selection under the PLI scheme for white goods represents an important development for Kirloskar Pneumatic Company. The Production Linked Incentive scheme is designed to boost domestic manufacturing capabilities and reduce India's dependence on imports in key sectors.

Strategic Implications

This selection positions the company to potentially benefit from government incentives aimed at promoting local manufacturing of white goods. The PLI scheme typically offers financial incentives based on incremental sales and investment commitments, supporting companies in scaling up their manufacturing operations.

About the PLI Scheme for White Goods

The PLI scheme for white goods is part of the government's broader manufacturing initiative to strengthen India's position as a global manufacturing hub. The scheme focuses on encouraging domestic production of consumer appliances and reducing import dependence in this sector.