Kirloskar Oil Engines Limited has received a substantial acquisition disclosure from promoter Geetanjali Vikram Kirloskar under SEBI Regulation 29(2) of the Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosure pertains to the acquisition of 200 additional equity shares through open market transactions.

Transaction Details

The acquisition was executed on December 18, 2025, through open market purchases. Geetanjali Vikram Kirloskar, who is classified as a promoter group member, submitted the mandatory disclosure filing on December 19, 2025 from France.

Share Capital Information

The company's equity share capital structure shows the total equity share capital at ₹82.43 crores, comprising 16,48,55,383 equity shares with a face value of ₹5.00 each. The acquisition represents a minimal percentage of the total shareholding.

Regulatory Compliance

The disclosure was filed in accordance with SEBI regulations governing substantial acquisitions by promoters and persons acting in concert. Geetanjali Vikram Kirloskar, based at Kirloskar Residency, Bellary Road, Kirloskar Business Park, Hebbal, Bengaluru, submitted the filing as per regulatory requirements.

This acquisition represents part of the ongoing shareholding activities by the promoter group in Kirloskar Oil Engines. The disclosure ensures transparency and compliance with market regulations regarding share transactions by key stakeholders.

Kirloskar Oil Engines Limited (KOEL) has received a partial favorable order from the Deputy Commissioner of State Tax, Pune, resulting in a substantial reduction of its Goods and Services Tax (GST) liability. The order, dated December 9, 2025, addresses the Input Tax Credit (ITC) mismatch for the fiscal year 2021-22.

Significant Reduction in Tax Demand

The order has led to a notable decrease in KOEL's tax obligations:

This favorable outcome represents a significant relief for the company, with reductions of over 97% across all categories.

Company's Response and Future Actions

Kirloskar Oil Engines has stated that it does not foresee any material impact on its financial or operational activities as a result of this order. However, the company plans to file an appeal before the appropriate authority within the prescribed timelines, indicating that it may seek further adjustments or clarifications regarding the tax assessment.

Implications for Investors

While the substantial reduction in tax liability is a positive development for Kirloskar Oil Engines, investors should note that:

1. The company's proactive approach in addressing tax issues demonstrates good corporate governance.
2. The planned appeal suggests that KOEL may be seeking additional reductions or clarifications.
3. The lack of expected material impact on financials indicates that the company had likely provisioned for this contingency.

Investors and stakeholders should continue to monitor any further developments related to this tax matter and its potential impact on Kirloskar Oil Engines' financial position.

Note: This article is based on the information provided in the company's regulatory filing dated December 9, 2025, and does not include any subsequent updates or developments.