INTEGRATED FILING — NBFC



General information about company

Scrip code 500243
NSE Symbol KIRLOSIND
MSEI Symbol NOTLISTED
ISIN INE250A01039
Name of company Kirloskar Industries Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 20-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 20-May-2025   11:55:00
End date and time of board meeting 20-May-2025   13:20:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-02-10
Indicate Company website link for updated RPT policy of the Company kirloskarindustries.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NA


Financial Results — NBFC
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations
(i) Interest Income 72600000 242800000
(ii) Dividend Income 270300000 628000000
(iii) Rental Income 0 0
(iv) Fees and commission Income 0 0
(v) Net gain on fair value changes 22400000 87100000
(vi) Net gain on derecognition of financial instruments under amortised cost category 0 0
(vii) Sale of products (including Excise Duty) 0 0
(viii) Sale of services 0 0
(ix) Other revenue from operations
Total other revenue from operations
Total Revenue From Operations 365300000 957900000
Other income 42400000 247800000
Total income 407700000 1205700000
2 Expenses
Cost of materials consumed 0 0
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
Employee benefit expense -19700000 100000000
Finance costs 2100000 11700000
Depreciation, depletion and amortisation expense 6600000 23100000
Fees and commission expense 0 0
Net loss on fair value changes 0 0
Net loss on derecognition of financial instruments under amortised cost category 0 0
Impairment on financial instruments 0 0
(f) Other expenses
1 Other expenses 40800000 125100000
Total other expenses 40800000 125100000
Total expenses 29800000 259900000
3 Total profit before exceptional items and tax 377900000 945800000
4 Exceptional items 61000000 61000000
5 Total profit before tax 438900000 1006800000
7 Tax expense
8 Current tax 90700000 188200000
9 Deferred tax 41000000 41900000
10 Total tax expenses 131700000 230100000
11 Net Profit Loss for the period from continuing operations 307200000 776700000
12 Profit (loss) from discontinued operations before tax 900000 8900000
13 Tax expense of discontinued operations -500000 2400000
17 Net profit (loss) from discontinued operation after tax 1400000 6500000
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
15 Total profit (loss) for period 308600000 783200000
16 Other comprehensive income net of taxes -9518300000 11382000000
17 Total Comprehensive Income for the period -9209700000 12165200000
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
20 Details of equity share capital
Paid-up equity share capital 104100000 104100000
Face value of equity share capital 10 10
21 Reserves excluding revaluation reserve
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 29.51 76.28
Diluted earnings per share from continuing operations 29.14 75.3
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0.14 0.64
Diluted earnings per share from discontinued operations 0.14 0.63
ii Earnings per equity share
Basic earnings per share 29.65 76.92
Diluted earnings per share 29.28 75.93
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results Textual Information(1)


Remarks
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Text Block
Textual Information(1) Notes - Windpower generation business is subject to seasonal variations in winds, hence the results for the period are not necessarily comparable with the results of the previous periods' / full year's performance. Assets for windmill generation are classified as held for sale.


Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1006800000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 14000000
Adjustments for decrease (increase) in inventories -100000
Adjustments for decrease (increase) in trade receivables, current 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -9900000
Adjustments for other financial assets, current -2900000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 23300000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -19400000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -7700000
Adjustments for other financial liabilities, non-current 4900000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 628000000
Adjustments for interest income 242800000
Adjustments for share-based payments 23400000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -377800000
Other adjustments to reconcile profit (loss) 8900000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -1214100000
Net cash flows from (used in) operations -207300000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 194100000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -401400000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment -100000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 639700000
Interest received 176500000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1062300000
Net cash flows from (used in) investing activities -246000000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 750000000
Proceeds from issuing other equity instruments 300000
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 8700000
Dividends paid 129400000
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 612200000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -35200000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -35200000
Cash and cash equivalents cash flow statement at beginning of period 125800000
Cash and cash equivalents cash flow statement at end of period 90600000




Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Finanical Asset
Cash and cash equivalents 90600000
Bank Balance other than (a) above 897600000
Derivative financial instruments 0
Receivables
(I) Trade Receivables 0
(II) Other Receivables 0
Loans 2654200000
Investments 47261600000
Other Financial assets 33800000
Total Financial Assets 50937800000
2 Non Financial Asset
Inventories 0
Current tax assets (Net) 1500000
Deferred tax Assets (Net) 0
Investment Property 42000000
Biological assets other than bearer plants 0
Property, Plant and Equipment 306100000
Capital work-in-progress 0
Intangible assets under development 0
Goodwill 0
Other Intangible assets 200000
Other non-financial assets (to be specified) 5105600000
Total Non Financial Assets 5455400000
Total assets 56393200000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 104100000
Other equity 50975700000
Total equity attributable to owners of parent 51079800000
Non controlling interest
Total equity 51079800000
2 Liabilities
2.1 Financial Liabilities
(a) Derivative financial instruments 0
(b) Payables
(I)Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 0
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0
II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises 0
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0
(C ) Debt Securities 0
(d) Borrowings (Other than Debt Securities) 0
(e) Deposits 65400000
(f) Subordinated Liabilities 0
(g) Other financial liabilities 90500000
Total Financial Liabilities 155900000
2.2 Non-Financial Liabilities
(a) Current tax liabilities (Net) 0
(b) Provisions 29100000
(C ) Deferred tax liabilities (Net) 5056500000
(d) Other non-financial liabilities 71900000
Total Non Financial Liabilities 5157500000
Total liabilities 5313400000
Total equity and liabilites 56393200000
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Discontinuing Operation 3400000 29100000
2 Investments (Securities and Properties) 407700000 1205700000
3 Unallocable 0 0
Total Segment Revenue 411100000 1234800000
Less: Inter segment revenue 0 0
Revenue from operations 411100000 1234800000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Discontinuing Operation 900000 8900000
2 Investments (Securities and Properties) 386000000 970500000
3 Unallocable 0 0
Total Profit before tax 386900000 979400000
i. Finance cost 2000000 11700000
ii. Other Unallocable Expenditure net off Unallocable income 6100000 6100000
Profit before tax 378800000 954700000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Discontinuing Operation 24800000 24800000
2 Investments (Securities and Properties) 55943600000 55943600000
3 Unallocable 424800000 424800000
Total Segment Asset 56393200000 56393200000
Un-allocable Assets 0 0
Net Segment Asset 56393200000 56393200000
4 Segment Liabilities
Segment Liabilities
1 Discontinuing Operation 48300000 48300000
2 Investments (Securities and Properties) 159400000 159400000
3 Unallocable 5105700000 5105700000
Total Segment Liabilities 5313400000 5313400000
Un-allocable Liabilities 0 0
Net Segment Liabilities 5313400000 5313400000
Disclosure of notes on segments Textual Information(1)


Text Block
Textual Information(1) Notes - Windpower generation business is subject to seasonal variations in winds, hence the results for the period are not necessarily comparable with the results of the previous periods' / full year's performance. Assets for windmill generation are classified as held for sale.


Other Comprehensive Income
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Gain/(loss) on Remeasurements of defined benefit plan -1900000 -2200000
2 Gain/(loss) on fair valuation of quoted investments in equity shares -11476000000 13628600000
3 Income tax (expenses) /reversal relating to items that will not be reclassified to profit or loss 1959600000 -2244400000
Total Amount of items that will not be reclassified to profit and loss -9518300000 11382000000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -9518300000 11382000000




Details of Impact of Audit Qualification
Whether results are audited or unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Kirloskar Industries Limited Mahesh Chhabria Key Managerial Personnel Remuneration 0 NIL 13000000 0 0
2 Kirloskar Industries Limited Mahesh Chhabria Key Managerial Personnel Any other transaction Accrued leave encashment and gratuity benefit 0 NIL 20000000 -19000000 -39000000 Textual Information(1)
3 Kirloskar Industries Limited Aditi Chirmule Key Managerial Personnel Remuneration 0 NIL 4500000 0 -100000
4 Kirloskar Industries Limited Aditi Chirmule Key Managerial Personnel Any other transaction Accrued leave encashment and gratuity benefit 0 NIL 300000 -23300000 -23600000
5 Kirloskar Industries Limited Ashwini Mali Key Managerial Personnel Remuneration 0 NIL 2100000 0 0
6 Kirloskar Industries Limited Ashwini Mali Key Managerial Personnel Any other transaction Accrued leave encashment and gratuity benefit 0 NIL 0 -1200000 -1200000
7 Kirloskar Industries Limited Anandh Baheti Key Managerial Personnel Remuneration 0 NIL 4200000 0 0
8 Kirloskar Industries Limited Anandh Baheti Key Managerial Personnel Any other transaction Accrued leave encashment and gratuity benefit 0 NIL 100000 -600000 -600000
9 Kirloskar Industries Limited Vinesh Kumar Jairath Director Any other transaction Sitting fees 0 NIL 400000 0 0
10 Kirloskar Industries Limited Atul Kirloskar Director Any other transaction Sitting fees 0 NIL 200000 0 0
11 Kirloskar Industries Limited Anil Alawani Director Any other transaction Sitting fees 0 NIL 500000 0 0
12 Kirloskar Industries Limited Ashit Parekh Director Any other transaction Sitting fees 0 NIL 200000 0 0
13 Kirloskar Industries Limited Tejas Deshpande Director Any other transaction Sitting fees 0 NIL 400000 0 0 Textual Information(2)
14 Kirloskar Industries Limited D. Sivanandhan Director Any other transaction Sitting fees 0 NIL 500000 0 0
15 Kirloskar Industries Limited Satish Jamdar Director Any other transaction Sitting fees 0 NIL 500000 0 0
16 Kirloskar Industries Limited Vijay Varma Director Any other transaction Sitting fees 0 NIL 400000 0 0
17 Kirloskar Industries Limited Purvi Sheth Director Any other transaction Sitting fees 0 NIL 200000 0 0
18 Kirloskar Industries Limited Kirloskar Ferrous Industries Limited Subsidiary Investment 0 NIL 0 3741200000 3741200000
19 Kirloskar Industries Limited Kirloskar Ferrous Industries Limited Subsidiary Any other transaction Licensing fees 0 NIL 100000 0 0 Textual Information(3)
20 Kirloskar Industries Limited Kirloskar Ferrous Industries Limited Subsidiary Any other transaction Security Deposit 0 NIL 300000 -300000 0
21 Kirloskar Industries Limited Kirloskar Ferrous Industries Limited Subsidiary Dividend received 0 NIL 227200000 0 0
22 Kirloskar Industries Limited Kirloskar Ferrous Industries Limited Subsidiary Any other transaction Reimbursement of expenses 0 NIL 0 0 0
23 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Loan 5000000000 Approved by Audit Committee 0 2606500000 2606500000 Loan 0.0825 7 years or as mutually decided by both the parties Unsecured Business
24 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Interest received 0 NIL 107200000 0 47700000
25 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Loan given 0 NIL 19000000 0 0
26 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Repayment of loan given 0 NIL 19000000 0 0
27 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Deemed Investment (Fair value of ESAR to employees of subsidiary) 0 NIL 150900000 237600000 86700000
28 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Investment 841300000 Approved by Audit Committee 0 841300000 841300000
29 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Investment in preference shares 250000000 Approved by Audit Committee 0 250000000 250000000 Investment 0.0825 Within 20 years from the date of issue Unsecured Business
30 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Finance income on investment in preference shares 0 NIL 10300000 10300000 20600000
31 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Security Deposit Liability 900000 Approved by Audit Committee 900000 -900000 0
32 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Security Deposit Asset 2600000 Approved by Audit Committee 2600000 0 2600000
33 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Interest unwinding on Security Deposits 0 NIL 0 0 0 Textual Information(4)
34 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Initial difference on fair valuation of security deposit transferred to ROU 0 NIL 700000 0 700000
35 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Amortisation of ROU asset created on fair valuation of security deposit 0 NIL 0 0 0
36 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Licensing fees 0 NIL 100000 0 0
37 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Business Facilitation Services 0 NIL 11000000 1000000 7100000
38 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Reimbursement of expenses 0 NIL 100000 0 0
39 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Reimbursement of expenses paid 0 NIL 700000 0 0
40 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Reimbursement of Director's Commission 0 NIL 0 4000000 0
41 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Licensing fees 1800000 Approved by Audit Committee 1700000 0 0
42 Kirloskar Industries Limited Avante Spaces Limited Wholly Owned Subsidiary Any other transaction Common Amenities & Facilities fees 8900000 Approved by Audit Committee 3000000 0 0
43 Kirloskar Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Dividend received 0 NIL 20500000 0 0
44 Kirloskar Industries Limited Kirloskar Proprietary Limited Promoter Group Company Any other transaction Royalty Paid 0 Approved by Audit Committee [0.25% of Annual Sales Turnover (on the basis of quarterly financial results)] 300000 0 0
45 Kirloskar Industries Limited Kirloskar Pneumatic Company Limited Promoter Group Company Dividend received 0 NIL 22500000 0 0
46 Kirloskar Industries Limited Kirloskar Pneumatic Company Limited Promoter Group Company Investment 0 NIL 0 627100000 627100000
47 Kirloskar Industries Limited Kirloskar Pneumatic Company Limited Promoter Group Company Any other transaction Fair valuation changes in investment 0 NIL 922000000 7891000000 6969000000 Textual Information(5)
48 Kirloskar Industries Limited Kirloskar Brothers Limited Promoter Group Company Investment 0 NIL 0 2817100000 2817100000
49 Kirloskar Industries Limited Kirloskar Brothers Limited Promoter Group Company Any other transaction Fair valuation changes in investment 0 NIL 2679200000 32382900000 29703700000 Textual Information(6)
50 Kirloskar Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Investment 0 NIL 0 1698100000 1698100000
51 Kirloskar Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Any other transaction Fair valuation changes in investment 0 NIL 4183600000 8395000000 4211400000 Textual Information(7)
52 Kirloskar Industries Limited S. L. Kirloskar CSR Foundation Promoter Group Company Investment 0 NIL 0 0 0
53 Kirloskar Industries Limited Kirloskar Management Services Private Limited Promoter Group Company Investment 0 NIL 0 1800000 1800000
54 Kirloskar Industries Limited Kirloskar Management Services Private Limited Promoter Group Company Any other transaction Fair valuation changes in investment 0 NIL 700000 2300000 1600000 Textual Information(8)
55 Kirloskar Industries Limited Kirloskar Proprietary Limited Promoter Group Company Investment 0 NIL 0 0 0
56 Kirloskar Industries Limited Kirloskar Ferrous Industries Limited Subsidiary Any other transaction Business transfer agreement 0 NIL 0 -16200000 -16200000
57 Kirloskar Industries Limited Green Tek Systems (India) Private Limited Promoter Group Company Any other transaction Security Deposit 0 Approved by Audit Committee 0 0 0
58 Kirloskar Industries Limited Kirloskar Chillers Private Limited Promoter Group Company Any other transaction Security Deposit 9500000 Approved by Audit Committee 9100000 -9100000 0 Textual Information(9)
59 Kirloskar Industries Limited Kirloskar Chillers Private Limited Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 200000 100000 0
60 Kirloskar Industries Limited Kirloskar Chillers Private Limited Promoter Group Company Any other transaction Rent 0 NIL 100000 0 0
61 Kirloskar Industries Limited Kirloskar Energen Private Limited Promoter Group Company Any other transaction Security Deposit 100000 Approved by Audit Committee 0 -100000 -100000
62 Kirloskar Industries Limited Kirloskar Integrated Technologies Private Limited Promoter Group Company Any other transaction Security Deposit 100000 Approved by Audit Committee 0 -100000 -100000
63 Kirloskar Industries Limited Kirloskar Management Services Private Limited Promoter Group Company Any other transaction Security Deposit 100000 Approved by Audit Committee 100000 -100000 0
64 Kirloskar Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Any other transaction Security Deposit 74100000 Approved by Audit Committee 0 -74100000 -74100000
65 Kirloskar Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Any other transaction Reimbursement of Expenses 0 NIL 600000 0 0
66 Kirloskar Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Any other transaction Interest unwinding on Security Deposits 0 NIL 2100000 13200000 11100000 Textual Information(10)
67 Kirloskar Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Any other transaction Amortisation of Lease rental received in advance 0 NIL 2300000 -13200000 -10900000 Textual Information(11)
68 Kirloskar Industries Limited Kirloskar Solar Technologies Private Limited Promoter Group Company Any other transaction Security Deposit 1400000 Approved by Audit Committee 0 -1100000 -1100000
69 Kirloskar Industries Limited Mahila Udyog Limited Promoter Group Company Any other transaction Security Deposit 0 Approved by Audit Committee 0 0 0
70 Kirloskar Industries Limited Snow Leopard Momentum LLP Promoter Group Company Any other transaction Security Deposit 600000 Approved by Audit Committee 600000 -600000 0
71 Kirloskar Industries Limited Oliver Engineering Private Limited Subsidiary Company Any other transaction Security Deposit 100000 Approved by Audit Committee 100000 -100000 0
72 Kirloskar Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Any other transaction Licensing fees 148200000 Approved by Audit Committee 74100000 0 0
73 Kirloskar Industries Limited Kirloskar Solar Technologies Private Limited Promoter Group Company Any other transaction Licensing fees 2800000 Approved by Audit Committee 1400000 0 0
74 Kirloskar Industries Limited Kirloskar Chillers Private Limited Promoter Group Company Any other transaction Licensing fees 9500000 Approved by Audit Committee 800000 0 0
75 Kirloskar Industries Limited Kirloskar Energen Private Limited Promoter Group Company Any other transaction Licensing fees 200000 Approved by Audit Committee 100000 0 0
76 Kirloskar Industries Limited Kirloskar Integrated Technologies Private Limited Promoter Group Company Any other transaction Licensing fees 200000 Approved by Audit Committee 100000 0 0
77 Kirloskar Industries Limited Snow Leopard Momentum LLP Promoter Group Company Any other transaction Licensing fees 600000 Approved by Audit Committee 100000 0 0
78 Kirloskar Industries Limited Mahila Udyog Limited Promoter Group Company Any other transaction Licensing fees 0 Approved by Audit Committee 0 0 0
79 Kirloskar Industries Limited Green Tek Systems (India) Private Limited Promoter Group Company Any other transaction Licensing fees 0 Approved by Audit Committee 0 0 0
80 Kirloskar Industries Limited Kirloskar Management Services Private Limited Promoter Group Company Any other transaction Licensing fees 300000 Approved by Audit Committee 0 0 0
81 Kirloskar Industries Limited Oliver Engineering Private Limited Subsidiary Company Any other transaction Licensing fees 0 NIL 0 0 0
82 Kirloskar Industries Limited Kirloskar Solar Technologies Private Limited Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 900000 500000 600000
83 Kirloskar Industries Limited Kirloskar Energen Private Limited Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 100000 0 0
84 Kirloskar Industries Limited Kirloskar Integrated Technologies Private Limited Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 100000 0 0
85 Kirloskar Industries Limited Snow Leopard Momentum LLP Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 0 0 0
86 Kirloskar Industries Limited Mahila Udyog Limited Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 0 0 0
87 Kirloskar Industries Limited Oliver Engineering Private Limited Subsidiary Company Any other transaction Reimbursement of expenses 0 NIL 0 0 0
88 Kirloskar Industries Limited Kirloskar Management Services Private Limited Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 0 0 0
89 Kirloskar Industries Limited S. L. Kirloskar CSR Foundation Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 0 0 0
90 Kirloskar Industries Limited Kirloskar Foundation Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 0 0 0
91 Kirloskar Industries Limited Green Tek Systems (India) Private Limited Promoter Group Company Any other transaction Reimbursement of expenses 0 NIL 0 0 0
92 Kirloskar Industries Limited Kirloskar Management Services Private Limited Promoter Group Company Any other transaction Shared services 7500000 Approved by Audit Committee 900000 0 -1000000
93 Avante Spaces Ltd Satish Jamdar Director Any other transaction Sitting fees 0 Nil 300000 0 0
94 Avante Spaces Ltd Swati Salgaocar Director Any other transaction Sitting fees 0 Nil 300000 0 0
95 Avante Spaces Ltd Tejas Deshpande Director Any other transaction Sitting fees 0 Nil 300000 0 0
96 Avante Spaces Ltd Gauri Kirloskar Director Any other transaction Sitting fees 0 Nil 100000 0 0
97 Avante Spaces Ltd Rahul Chandrakant Kirloskar Director Any other transaction Sitting fees 0 Nil 100000 0 0
98 Avante Spaces Ltd Vinesh Kumar Jairath Key Managerial Personnel Remuneration 0 Nil 21700000 0 0
99 Avante Spaces Ltd Vinesh Kumar Jairath Key Managerial Personnel Any other transaction Accrued leave encashment and gratuity benefit 0 Nil 6300000 -10500000 -16800000
100 Avante Spaces Ltd Pratiksha Kadam Key Managerial Personnel Remuneration 0 Nil 400000 0 0
101 Avante Spaces Ltd Pratiksha Kadam Key Managerial Personnel Any other transaction Accrued leave encashment and gratuity benefit 0 Nil 0 -100000 -100000
102 Avante Spaces Ltd Akshay Sahni Member of Promoter Group Remuneration 0 Nil 6400000 0 0
103 Avante Spaces Ltd Akshay Sahni Member of Promoter Group Any other transaction Accrued leave encashment and gratuity benefit 0 Nil 300000 -300000 -600000
104 Avante Spaces Ltd Deepak Porayath Key Managerial Personnel Remuneration 0 Nil 14000000 0 0
105 Avante Spaces Ltd Deepak Porayath Key Managerial Personnel Any other transaction Accrued leave encashment and gratuity benefit 0 Nil 100000 0 -100000
106 Avante Spaces Ltd Kirloskar Proprietary Limited Promoter Group Company Investment 0 Nil 0 0 0
107 Avante Spaces Ltd Kirloskar Proprietary Limited Promoter Group Company Any other transaction Royalty Fees 0 Approved by Audit Committee (0.10 % of Annual Turnover) 0 0 0
108 Avante Spaces Ltd Kirloskar Proprietary Limited Promoter Group Company Any other transaction Common Amenities & Facilities fees 9500000 Approved by Audit Committee 3600000 0 0
109 Avante Spaces Ltd Kirloskar Proprietary Limited Promoter Group Company Any other transaction Other reimbursement 0 Nil 100000 0 0
110 Avante Spaces Ltd Kirloskar Management Services Private Limited Company in which related person is a Director Any other transaction Shared services 9500000 Approved by Audit Committee 3300000 0 -3600000
111 Avante Spaces Ltd Kirloskar Management Services Private Limited Company in which related person is a Director Any other transaction Security Deposit received 1200000 Approved by Audit Committee 1200000 0 -1200000
112 Avante Spaces Ltd Kirloskar Management Services Private Limited Company in which related person is a Director Any other transaction Other reimbursement 0 Nil 400000 0 0
113 Avante Spaces Ltd Kirloskar Management Services Private Limited Company in which related person is a Director Any other transaction Common Amenities & Facilities fees 900000 Approved by Audit Committee 300000 0 0
114 Avante Spaces Ltd Kirloskar Management Services Private Limited Company in which related person is a Director Any other transaction Property Licensing fees 2400000 Approved by Audit Committee 900000 0 0
115 Avante Spaces Ltd Kirloskar Oil Engines Limited Promoter Group Company Any other transaction Other reimbursement 0 Nil 1700000 0 0
116 Avante Spaces Ltd Kirloskar Oil Engines Limited Promoter Group Company Any other transaction Common Amenities & Facilities fees 25900000 Approved by Audit Committee 9700000 0 500000
117 Avante Spaces Ltd Kirloskar Chillers Private Limited Promoter Group Company Any other transaction Other reimbursement 0 Nil 200000 0 0
118 Avante Spaces Ltd Kirloskar Chillers Private Limited Promoter Group Company Any other transaction Common Amenities & Facilities fees 4600000 Approved by Audit Committee 1700000 0 100000
119 Avante Spaces Ltd Kirloskar Pneumatic Company Limited Promoter Group Company Any other transaction Other reimbursement 0 Nil 300000 0 0
120 Avante Spaces Ltd Kirloskar Pneumatic Company Limited Promoter Group Company Any other transaction Common Amenities & Facilities fees 11200000 Approved by Audit Committee 4200000 0 100000
121 Avante Spaces Ltd Snow Leopard Momentum LLP Promoter Group Company Any other transaction Reimbursement of expenses 0 Nil 100000 0 0
122 Avante Spaces Ltd Snow Leopard Momentum LLP Promoter Group Company Any other transaction Security Deposit received 900000 Approved by Audit Committee 500000 0 -500000
123 Avante Spaces Ltd Snow Leopard Momentum LLP Promoter Group Company Any other transaction Property Licensing Fees 900000 Approved by Audit Committee 300000 0 0
124 Avante Spaces Ltd Kirloskar Ferrous Industries Limited Fellow Subsidiary Any other transaction Common Amenities & Facilities fees 14300000 Approved by Audit Committee 5400000 0 200000
125 Avante Spaces Ltd Kirloskar Ferrous Industries Limited Fellow Subsidiary Any other transaction Other reimbursement 0 Nil 600000 0 0
126 Avante Spaces Ltd Kirloskar Solar Technologies Private Limited Promoter Group Company Any other transaction Retention Money 0 Nil 200000 -200000 -500000
127 Avante Spaces Ltd Kirloskar Solar Technologies Private Limited Promoter Group Company Purchase of goods or services 0 Nil 200000 0 -200000
128 Kirloskar Ferrous Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Sale of goods or services 2000000000 Approved by Audit Committee 529500000 0 0
129 Kirloskar Ferrous Industries Limited Kirloskar Oil Engines Limited Promoter Group Company Purchase of goods or services 10000000 Approved by Audit Committee 100000 0 0
130 Kirloskar Ferrous Industries Limited Kirloskar Pneumatic Company Limited Promoter Group Company Sale of goods or services 1000000000 Approved by Audit Committee 12300000 0 0
131 Kirloskar Ferrous Industries Limited Kirloskar Pneumatic Company Limited Promoter Group Company Purchase of goods or services 10000000 Approved by Audit Committee 2300000 0 0
132 Kirloskar Ferrous Industries Limited Kirloskar Proprietary Limited Promoter Group Company Any other transaction Payment of royalty 600000000 Approved by Audit Committee 54800000 0 0
133 Kirloskar Ferrous Industries Limited Kirloskar Brothers Limited Promoter Group Company Sale of goods or services 1000000000 Approved by Audit Committee 158200000 0 0
134 Kirloskar Ferrous Industries Limited Kirloskar Management Services Private Limited Promoter Group Company Purchase of goods or services 600000000 Approved by Audit Committee 84500000 0 0
135 Kirloskar Ferrous Industries Limited Oliver Engineering Private Limited Wholly-owned Subsidiary Sale of goods or services 2000000000 Approved by Audit Committee 13700000 0 0
136 Kirloskar Ferrous Industries Limited Oliver Engineering Private Limited Wholly-owned Subsidiary Loan 2500000000 Approved by Audit Committee 330900000 0 0
137 Kirloskar Ferrous Industries Limited Kirloskar Chillers Private Limited Promoter Group Company Purchase of goods or services 10000000 Approved by Audit Committee 0 0 0
138 Kirloskar Ferrous Industries Limited Tridem Port & Power Company Private Limited Wholly-owned Subsidiary Advance 2500000000 Approved by Audit Committee 1800000 0 0
139 Kirloskar Ferrous Industries Limited Adicca Engergy Solutions Private Limited Wholly-owned Subsidiary Loan 2500000000 Approved by Audit Committee 2300000 30500000 31000000
140 Kirloskar Ferrous Industries Limited Adicca Engergy Solutions Private Limited Wholly-owned Subsidiary Interest received 0 NIL 1200000 3000000 4200000
141 Kirloskar Ferrous Industries Limited Rahul Kirloskar Director Any other transaction Sitting Fees 0 NIL 400000 0 0
142 Kirloskar Ferrous Industries Limited Mahesh Chhabria Director Any other transaction Sitting Fees 0 NIL 500000 0 0
143 Kirloskar Ferrous Industries Limited Vijaydipak Varma Director Any other transaction Sitting Fees 0 NIL 600000 0 0
144 Kirloskar Ferrous Industries Limited S. Venkataramani Director Any other transaction Sitting Fees 0 NIL 500000 0 0
145 Kirloskar Ferrous Industries Limited Pravir Kumar Vohra Director Any other transaction Sitting Fees 0 NIL 500000 0 0
146 Kirloskar Ferrous Industries Limited Shalini Sarin Director Any other transaction Sitting Fees 0 NIL 400000 0 0
147 Kirloskar Ferrous Industries Limited Maruthuvakudi Srinivasan Director Any other transaction Sitting Fees 0 NIL 300000 0 0
148 Kirloskar Ferrous Industries Limited Rajashekhar Pattanasetty Director Any other transaction Sitting Fees 0 NIL 300000 0 0
149 Kirloskar Ferrous Industries Limited Sourirajan Rajagopalan Director Any other transaction Sitting Fees 0 NIL 300000 0 0
150 Kirloskar Ferrous Industries Limited Ravindranath Venkatesh Gumaste Key Managerial Personnel Remuneration 0 NIL 39400000 0 0
151 Kirloskar Ferrous Industries Limited Raviprakasha Srinivasa Srivatsan Key Managerial Personnel Remuneration 0 NIL 28300000 0 0
152 Kirloskar Ferrous Industries Limited Mayuresh Gharpure Key Managerial Personnel Remuneration 0 NIL 2800000 0 0
153 Kirloskar Ferrous Industries Limited Nishikant Ektare Executive Director Remuneration 0 NIL 7800000 700000 700000
154 Kirloskar Ferrous Industries Limited Nishikant Ektare Executive Director Any other transaction Commission 0 NIL 30000000 0 30000000
155 Kirloskar Ferrous Industries Limited Asscher Enterprises Ltd (Formerly Indian Seamless Enterprise Ltd) Associate Company Sale of goods or services 0 NIL 0 105700000 105700000
156 Kirloskar Ferrous Industries Limited Asscher Enterprises Ltd (Formerly Indian Seamless Enterprise Ltd) Associate Company Loan 0 NIL 0 57500000 57500000
157 Kirloskar Ferrous Industries Limited Structo Hydraulics AB and ISMT Enterprises SA Subsidiary Sale of goods or services 300000000 Approved by Audit Committee 0 0 0
158 Kirloskar Ferrous Industries Limited ISMT Europe AB Subsidiary Sale of goods or services 150000000 Approved by Audit Committee 0 0 0
159 Kirloskar Ferrous Industries Limited ISMT Europe AB Subsidiary Any other transaction Sales Commission 12000000 Approved by Audit Committee 0 200000 200000
Total value of transaction during the reporting period 9913800000



Text Block
Textual Information(1) For opening and closing balances, amounts in negative denote credit balances.
Textual Information(2) Provision for commision to directors has been recorded in financials on an estimated basis and is still subject to approval from the board of directors, accordingly it has not been reported for current period. Commission reported in H1 FY 24-25 pertained to actual payments made based on commission approved for FY 23-24.
Textual Information(3) The reported transaction values do not include the applicable indirect taxes.
Textual Information(4) As per Indian Accounting Standards (Ind AS), the security deposits given have been fair valued on initial recognition. The transaction value represents the unwinding of interest income on security deposits intiallly recognised at fair value.
Textual Information(5) The investments of the Company are carried at fair value as per the Indian Accounting Standards (Ind AS). The opening and closing balances represent the fair valuation impact as on the reporting dates. The transaction value represents the fair value changes. The original cost of investments (transaction value) of the Company are: Kirloskar Pneumatic Company Limited (Rs 62.71 crores).
Textual Information(6) The investments of the Company are carried at fair value as per the Indian Accounting Standards (Ind AS). The opening and closing balances represent the fair valuation impact as on the reporting dates. The transaction value represents the fair value changes. The original cost of investments (transaction value) of the Company are: Kirloskar Brothers Limited (Rs 281.71 crores).
Textual Information(7) The investments of the Company are carried at fair value as per the Indian Accounting Standards (Ind AS). The opening and closing balances represent the fair valuation impact as on the reporting dates. The transaction value represents the fair value changes. The original cost of investments (transaction value) of the Company are: Kirloskar Oil Engines Limited (Rs 169.81 crores).
Textual Information(8) The investments of the Company are carried at fair value as per the Indian Accounting Standards (Ind AS). The opening and closing balances represent the fair valuation impact as on the reporting dates. The transaction value represents the fair value changes. The original cost of investments (transaction value) of the Company are: Kirloskar Management Services Private Limited (Rs 0.18 crores).
Textual Information(9) As per Indian Accounting Standards (Ind AS), the security deposits received from lessees have been fair valued on initial recognition. The transaction value represents the unwinding of interest expense on security deposits intiallly recognised at fair value.
Textual Information(10) As per Indian Accounting Standards (Ind AS), the security deposits received from lessees have been fair valued on initial recognition. The transaction value represents the unwinding of interest expense on security deposits intiallly recognised at fair value.
Textual Information(11) As per Indian Accounting Standards (Ind AS), the security deposits received from lessees have been fair valued on initial recognition. The initial difference on such Fair valuation is transferred to Lease rental received in advance, subsequently the amount of lease rental received in advance is amortized over the period by recognition of rental income in the statement of profit and loss.


Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt