Kirloskar Systems Private Limited has disclosed a substantial acquisition of shares in T Care India Limited under SEBI's takeover regulations. The acquisition represents a routine regulatory filing for share transactions in the Indian capital markets.

Transaction Details

The company acquired 20 shares carrying voting rights in T Care India Limited through open market purchases. The transaction was completed on December 18, 2025, with the regulatory disclosure filed one day later on December 19, 2025.

Target Company Profile

T Care India Limited maintains its equity structure with the updated capital composition as disclosed in the regulatory filing. The company's capital structure remained unchanged following this acquisition.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kirloskar Systems Private Limited identified itself as acting in concert with promoter group entities in this transaction.

Geetanjali Kirloskar, serving as Chairperson Managing Director, authorized and signed the regulatory filing. The disclosure was executed from France, indicating the international presence of the company's leadership during the filing process.

Corporate Structure

Kirloskar Systems Private Limited operates as part of the broader Kirloskar Group, a diversified industrial conglomerate. The company's participation in share acquisitions reflects ongoing corporate investment activities within the group's portfolio management strategy.

The transaction maintains T Care India Limited's diluted share capital at ₹82.43 crores, with no impact on the overall capital structure or voting capacity distribution of the target company.

Kirloskar Pneumatic Company Limited (KPCL) has received a customs order that could potentially impact its financial position. The company is facing a demand for differential duty and an equal penalty from the Principal Commissioner of Customs (Imports), Mumbai.

Order Details

The customs authority has issued an order demanding a total of Rs 2.39 crore from KPCL, broken down as follows:

The order also includes a provision for interest payment on the differential duty amount.

Reason for the Demand

The demand stems from a re-assessment of the declared classification of imported goods under the Custom Tariff Heading (CTH). This reclassification has led to the determination of additional duty owed by the company.

Company's Response

KPCL has stated that it plans to file an appeal against the order. The company's management does not anticipate any material impact on its financial operations or other activities as a result of this order.

Potential Relief

The customs order includes a provision for reduced penalty if the company acts promptly. If KPCL pays the demanded duty and interest within thirty days from the date of the order's communication, the penalty amount would be reduced to 25% of the duty and interest.

Disclosure and Compliance

In compliance with SEBI regulations, KPCL has informed the stock exchanges about this development. The company received the order via email on November 13 and made the disclosure on November 14.

While the order presents a significant financial demand, KPCL's decision to appeal and its statement regarding the lack of material impact suggest that the company is prepared to address this challenge.