Kirloskar Brothers has completed the amalgamation of its step-down wholly-owned subsidiary, The Kolhapur Steel Ltd (TKSL), into another wholly-owned subsidiary, KPML.

TKSL is now dissolved, streamlining the company's structure. **Issue & Impact:** TKSL, the dissolved subsidiary, had a small financial footprint.

For FY25, its turnover was Rs 27.9 Cr (0.61% of consolidated turnover) and it had a negative net worth of Rs 103.65 Cr.

KPML, the surviving entity, is significantly larger with a FY25 turnover of Rs 574.3 Cr and net worth of Rs 273.5 Cr.

This amalgamation simplifies group operations by removing a financially underperforming entity. **Company’s Response:** This is an internal reorganization via a court-sanctioned scheme.

There is no cash consideration or issuance of new shares involved, ensuring no dilution for shareholders and no impact on company cash flow.