1 week ago
Kirloskar Brothers Shares Slip After Supreme Court Orders Arbitration
Kirloskar Brothers is involved in a long-running disagreement among members of the Kirloskar family.
The Supreme Court has decided that the disagreement should be examined by a special arbitration panel.
Two judges have been chosen to nominate members of that panel.
A third arbitrator will also be appointed.
The panel will meet in Pune.
The court said the panel must first decide some important legal questions, including whether people who did not sign the family agreement are covered by it.
Investors were cautious, and the company’s share price fell 1.22% on Tuesday.
The company said it does not yet know how much money the legal proceedings could affect.
Kirloskar Brothers shares closed at ₹1,899 on the NSE, down 1.22% on Tuesday.
The decline followed disclosure of an August 11 Supreme Court order concerning a long-running family dispute.
The court directed a three-member arbitral tribunal to examine disputes arising from a 2009 Deed of Family Settlement.
Justice Nitin Madhukar Jamdar and Justice K.R. Shriram were appointed as nominee arbitrators, with Pune as the arbitration seat.
Kirloskar Brothers said the financial impact of the proceedings cannot currently be determined.
- Who
- Kirloskar Brothers Ltd, Atul Chandrakant Kirloskar and other contesting respondents are involved; the Supreme Court appointed Justice Nitin Madhukar Jamdar and Justice K.R. Shriram as nominee arbitrators.
- What
- The Supreme Court directed the formation of a three-member arbitral tribunal to hear disputes arising from a 2009 Deed of Family Settlement.
- Where
- The arbitration will have Pune as its seat.
- When
- The Supreme Court order was dated August 11, 2026, and the share decline occurred on Tuesday after the company disclosed it on Monday evening.
- Why
- The arbitration concerns disputes over the 2009 family settlement, which divided management and control of various Kirloskar Group entities among family branches.
Key facts
- Closing share price
- ₹1,899 on the NSE
- Daily change
- Down ₹23.40, or 1.22%, from ₹1,922.40
- Intraday low
- ₹1,886
- Market capitalisation
- Approximately ₹15,088 crore
- Arbitration tribunal
- Three members
- Family settlement date
- September 11, 2009
- Recent stock performance
- Nearly 18% higher year-to-date and more than 400% higher over five years
Sources
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