Kirloskar Pneumatic Company Limited has announced the successful execution of an amendment to the Share Purchase and Shareholders’ Agreement (SPSHA) to acquire the remaining 44.74% stake in its subsidiary, Systems and Components India Private Limited. This strategic move, finalized on April 27, 2026, involves a total consideration of Rs. 12.55 Crores, allowing the company to consolidate its control over the entity.
Strategic Consolidation
Kirloskar Pneumatic Company Limited continues its growth strategy by securing full ownership of Systems and Components India Private Limited. Following the board’s approval on April 27, 2026, the company signed an amendment to the original Share Purchase and Shareholders’ Agreement (SPSHA) initially dated October 24, 2024. By acquiring the balance 44.74% of equity shares, the company effectively completes the acquisition process.
Deal Details and Financials
The transaction, finalized at a total consideration of Rs. 12.55 Crores, represents a pivotal step in streamlining the company’s subsidiary structure. By transitioning Systems and Components India into a fully owned subsidiary, Kirloskar Pneumatic aims to enhance its operational synergy and oversight. The acquisition of these remaining shares from the existing promoter shareholder highlights the company’s commitment to strengthening its core business segments and long-term value creation.
Source: BSE
