Business Standard

Extraordinary general meeting brings focus back on Kirloskar Brothers' deed

Each signatory of the DFS is mandated to follow the rules and implement the deed with the approval of the respective board of directors

The dispute between the siblings had ignited after Kirloskar Oil had acquired La Gajjar Machineries in June 2017 which competes with the pumps made by KBL
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BS Web Team New Delhi
The Deed of Family Settlement (DFS) signed by Kirloskar siblings in 2009 has been brought to the forefront ahead of the extraordinary general meeting of Kirloskar Brothers. In case of any possible rift between the 18 group companies, it was necessary to consult the deed, a report in businessline said.

Each signatory of the DFS is mandated to follow the rules and implement the deed with the approval of the respective board of directors, the report added. 

The members of the Kirloskar Group and entities were also supposed to sell shares of some companies to each other to strike a balance.

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First Published: Oct 28 2022 | 3:01 PM IST

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