The Sebi s order was challenged in the appellate tribunal, which passed in the interim of December 2020 and stayed Sebi s order subject to an undertaking to the effect that they would not sell their shares in KIL
On Monday, the Securities Appellate Tribunal (SAT) strongly criticized the Securities and Exchange Board of India (SEBI) for its failure to unfreeze the demat accounts of five Kirloskar family.
Kirloskar Oil Engines Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 8461.86 Crore) operating in Engineering sector.
Toyota Kirloskar Motor reported a 51% growth in sales in November 2023, reaching 17,818 units compared to 11,765 units in November 2022. Domestic sales reached 16,924 units, while exports reached 894 units. The company also conducted a week-long maintenance shutdown to maintain operational efficiencies.
"Currently, as a part of the Asia Region, the Indian market already enjoys high priority. With this change, India will now play an even more crucial role by being integrated into the Middle East, East Asia & Oceania Region and acting as the hub of the new India, Middle East, East Asia & Oceania Region starting January 1, 2024," a company statement said.