Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations')

• Security Code: 500241
• Company: KIRLOSBROS

Kirloskar Brothers Limited (KBL)/The Company has received communications from Kirloskar Proprietary Limited(KPL) :
(a) calling upon the Company to enter into fresh user agreements in place of the five principal user agreements (as amended from time to time) together with a draft of the proposed user agreement; and

(b) seeking termination of the existing principal user agreements, with effect from various dates ranging between 4 July 2018 and 2 October 2018.

Accordingly, the Company has been in discussions with KPL to finalize the terms of the revised user agreements. However, as on date, the Company and KPL have been unable to reach an understanding regarding the continuation of the license of the Trademark.

In light of these developments, the Company is considering taking appropriate actions to secure its interests.