Kirloskar Brothers Limited has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, issued by Dinesh Birla, Practicing Company Secretary, confirms compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. While generally compliant, a minor deviation was noted regarding the PDF submission timeline for the Annual Secretarial Compliance Report to BSE Ltd. The company has addressed this procedural lapse and filed an appeal for fine waiver.
Annual Secretarial Compliance Report Filed
Kirloskar Brothers Limited has officially submitted its Annual Secretarial Compliance Report for the financial year ending on March 31, 2026. This filing, mandated by the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensures adherence to corporate governance standards.
Report Highlights and Deviations
The report, prepared by Mr. Dinesh Birla, Practicing Company Secretary, indicates that the company has largely complied with the applicable SEBI regulations and circulars. However, a minor deviation was identified concerning the submission of the Annual Secretarial Compliance Report (ASCR) for FY 2024-25. While the report was filed in XBRL mode on time with BSE Limited by May 27, 2025, it was not filed in PDF mode by the prescribed due date. The PDF submission was made on June 27, 2025.
BSE Ltd imposed a fine of Rs. 50,000 plus applicable GST for this procedural non-compliance. The company has subsequently filed the ASCR in PDF mode and also submitted an appeal to BSE Limited for the waiver of the imposed fine, the status of which is pending.
Company Response and Acknowledgement
Kirloskar Brothers Limited stated that the lapse occurred due to an oversight and that internal compliance monitoring has been strengthened to prevent recurrence. The company also confirmed that the ASCR was duly filed in both PDF and XBRL modes with the National Stock Exchange of India within the due date. The Practicing Company Secretary noted that the non-compliance appears to be inadvertent and procedural.
General Compliance Status
The report further details the company’s compliance across various secretarial standards, including adoption and updation of policies, website disclosures, director disqualifications, subsidiary information, document preservation, performance evaluation, related party transactions, and disclosure of events or information. The company has been found compliant with all these aspects.
Additionally, the report addresses a previous observation regarding the delayed disclosure of receiving an APGST Notice. The company explained that the delay was due to the antiquity of the matter and ongoing verification of the notice’s genuineness, which was delivered directly to directors. The explanation provided for the delay was accepted.
No other significant non-compliances were observed for any SEBI regulation, circular, or guidance note during the review period.
Source: BSE
