Kirloskar Ferrous Industries Limited (KFIL) has successfully completed the full redemption of its Commercial Paper, marking a significant financial milestone for the company. The redemption, which took place on September 16, 2025, involved 2,000 units of Commercial Paper with the ISIN INE884B14663, amounting to a total value of ₹1,000 crore.

Redemption Details

The company provided a detailed certificate regarding the redemption of the Commercial Paper, in compliance with Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key details of the redemption include:

Timely Completion

KFIL successfully redeemed the Commercial Paper on its scheduled maturity date, demonstrating the company's strong financial management and commitment to meeting its obligations. The redemption was completed as per the predetermined schedule, with no delays or outstanding amounts remaining.

Regulatory Compliance

In line with regulatory requirements, Kirloskar Ferrous Industries Limited promptly informed the BSE Limited about the redemption. The company's Company Secretary, Mayuresh Gharpure, signed and submitted the certificate detailing the redemption process to the stock exchange.

This successful redemption of the Commercial Paper worth ₹1,000 crore reflects positively on Kirloskar Ferrous Industries Limited's financial health and its ability to manage short-term financial instruments effectively. It also underscores the company's commitment to transparency in its financial dealings and timely compliance with regulatory obligations.

Kirloskar Ferrous Industries Limited , a prominent player in the Indian ferrous industry, has announced the deregistration of its Luxembourg-based subsidiary, ISMT Enterprises SA. This strategic move marks the end of the corporate relationship between Kirloskar Ferrous and its European subsidiary.

Deregistration Process

According to a regulatory filing by Kirloskar Ferrous, ISMT Enterprises SA's name has been officially deleted from the Luxembourg Trade Registry. The company received a Certificate of Deregistration dated September 1, 2025, confirming the completion of the process. As a result, ISMT Enterprises SA has ceased to be a subsidiary of Kirloskar Ferrous Industries Limited.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kirloskar Ferrous promptly informed the BSE Limited about this development. The company's Company Secretary, Mayuresh Gharpure, signed the official communication to the stock exchange.

Implications and Outlook

The deregistration of ISMT Enterprises SA signifies a change in Kirloskar Ferrous' international corporate structure. While the specific reasons for this decision were not disclosed in the available information, such moves are often part of broader corporate restructuring efforts aimed at streamlining operations or realigning business focus.

Investors and stakeholders will likely be keen to understand the potential impact of this deregistration on Kirloskar Ferrous' overall business strategy and international operations.

Kirloskar Ferrous Industries Limited, part of the Kirloskar Group, maintains its registered office in Pune, Maharashtra. The company continues to be a significant entity in the Indian ferrous sector.