Kirloskar Pneumatic Company Limited (NSE: KIRLPNU) – Acquisition Announcement

Introduction

Kirloskar Pneumatic Company Limited (NSE: KIRLPNU) disclosed a Regulation 30 restructuring event on 27 April 2026, announcing the acquisition of the remaining equity stake in its subsidiary Systems and Components (India) Private Limited.

Key Highlights of the Acquisition

Transaction Overview

• Target Entity: Systems and Components (India) Private Limited
• Industry: Capital Goods – Manufacturing (Refrigeration)
• Acquisition Type: Purchase of the balance 44.74 % equity shares (making the target a wholly‑owned subsidiary)
• Consideration: ₹125,500,000 (cash, one‑time)
• Board Approval: Approved and executed on 27 April 2026 (Board meeting ended at 13:55)
• Amendment: Share Purchase and Share Holders’ Agreement (SPSHA) dated 25 Oct 2024 was amended to effect the purchase.

Financial Profile of the Target (as disclosed)

• Turnover: ₹282,600,000
• Net Worth: ₹72,400,000
• Profit After Tax: ₹‑42,600,000 (loss)

Transaction Terms & Conditions

• Nature of Consideration: Cash (no tranche structure)
• Arms‑Length: No – the transaction is not at arm’s length.
• Related Party Transaction: No – does not fall within related‑party definitions.
• Regulatory Approvals: None required.
• Special Resolution: Not required / not passed.
• Completion Timeline: Indicative period of 30 days from the board approval.
• Existing Shareholding by Acquirer: 0.5526 % (prior to this acquisition).

Strategic Rationale (as stated)

• The acquisition aligns with Kirloskar Pneumatic’s existing business line (refrigeration) and will consolidate the subsidiary under full ownership, potentially enhancing operational control and synergies within the capital‑goods manufacturing segment.

Regulatory & Compliance Notes

• The announcement is classified as a “New” Regulation 30 restructuring event under the Acquisition category.
• The board meeting outcome is the source of the disclosed information.

This summary reflects only the information contained in the filing dated 27 April 2026.