Kirloskar Industries Ltd

Kirloskar Industries Limited (the Company) is a shareholder of Kirloskar Brothers Limited (KBL) and holds 23.91% of the paid-up equity share capital of KBL. The Company as the largest minority shareholder of KBL has been raising serious concerns pertaining to the affairs of KBL for the past 9 (nine) months. The said concerns were also raised by the Companys Managing Director Mahesh Chhabria on behalf of the Company at the Annual General Meeting of the shareholders of KBL (KBL AGM) held on 1 August 2023.Please see enclosed the note setting out the concerns raised by the Company at the KBL AGM held on 1 August 2023.We regret to note that no satisfactory answers were provided to the questions and concerns being raised by Mr. Chhabria.You are requested to take the same on your record.