Kirloskar Brothers Limited has issued a clarification to BSE Limited regarding a surveillance inquiry about significant trading volume increases in its securities across stock exchanges. The company responded to BSE's email dated March 09, 2026, which was received around 11:22 AM and sought an explanation for the volume surge without specifying a particular time period.

Company's Response to Volume Movement Query

In its official response, Kirloskar Brothers Limited provided a comprehensive clarification addressing the BSE's concerns about the trading activity. The company emphasized its commitment to regulatory compliance and transparency in market disclosures.

Regulatory Compliance Statement

The company outlined two key points in its response to address the surveillance department's inquiry:

• The company has been disclosing all required information and events under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• All price-sensitive information affecting operations and performance has been disclosed within stipulated timelines to stock exchanges
• No additional information or events requiring disclosure under SEBI regulations exist in the recent past beyond what has already been disclosed

Ongoing Disclosure Commitment

Kirloskar Brothers Limited reaffirmed its commitment to maintaining transparency with market participants and regulatory authorities. The company stated it will continue making appropriate disclosures as required under SEBI regulations from time to time. This response demonstrates the company's proactive approach to addressing regulatory inquiries and maintaining compliance with listing obligations.

The clarification was digitally signed by Company Secretary Devang Trivedi on March 09, 2026, at 12:21:37 IST, ensuring proper authentication of the official response to the stock exchange.

Kirloskar Brothers Limited has successfully secured a significant contract worth ₹214 crores from Adani Power Limited and its subsidiaries for supply of pump packages for thermal power projects across multiple states.

Contract Details

The prestigious contract involves supply of Circulating Water Pumps using Concrete Volute pump technology and Auxiliary Cooling Water Pumps along with associated electrical and control systems. The project spans across thermal power facilities in Madhya Pradesh, Assam, Chhattisgarh and Bihar.

Project Scope and Timeline

The contract encompasses supply, erection, testing and commissioning of the pump systems. The company is required to execute the order within 18 to 24 months from the date of purchase order. The specific subsidiaries involved include Anuppur Thermal Energy (MP) Pvt. Ltd. and Korba Power Limited.

Payment and Terms

The payment structure is designed in phases, with payments due within 30 days after receipt of goods at delivery points, with balance amounts linked to erection, commissioning and testing milestones. The contract includes a defect liability period of 12 months from the date of commissioning.

Business Impact

This substantial order represents a significant addition to Kirloskar Brothers' order book and reinforces the company's position in the thermal power sector. The contract demonstrates the company's technical capabilities in providing advanced pump solutions for large-scale power generation projects across multiple states.