General Updates

KIRLOSKAR BROTHERS LIMITED A Kirloskar Group Company SEC/ F:26 August 24, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, 5th Floor, Exchange Plaza, 2nd Floor, New Trading Ring, Bandra (East), Phiroze Jeejeebhoy Towers, Mumbai - 400 051. Dalal Street, Mumbai – 400 001. (BSE Scrip Code – 500241) (NSE Symbol - KIRLOSBROS) Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) as amended. Ref: O rder of Hon'ble Supreme Court of India dated August 11, 2026, in the matter of Special Leave Petition No. 8020 of 2021 (Kirloskar Brothers Limited Vs. Atul Chandrakant Kirloskar & Ors.) with SLP No. 8221 of 2021 and SLP No. 13070 of 2021. In terms of the subject referred Regulations, please find enclosed herewith the Order of the Hon'ble Supreme Court of India dated August 11, 2026 (as available on website of Supreme Court of India on August 24, 2026) disposing of Petitions and directed constitution of a three- member Arbitral Tribunal. The facts of the case are stated below: Kirloskar Brothers Limited (hereinafter referred as ‘Company’) had filed the aforesaid Special Leave Petition ("SLP") in the Hon'ble Supreme Court of India impugning the Judgment and Order dated 03.05.2021 of the Hon’ble Bombay High Court in Arbitration Appeal (ST) No. 1661 of 2021, whereby the Hon’ble High Court had allowed an appeal under Section 37 of the Arbitration and Conciliation Act, 1996 and directed reference of the disputes between the parties to arbitration. The dispute arises out of a Deed of Family Settlement ("DFS") dated 11.09.2009 executed amongst members of the Kirloskar family, under which management and control of various Kirloskar Group entities were allocated amongst different family branches. The DFS also contained certain non-compete obligations/arrangements and an arbitration clause under Clause 20. The Company, along with Mr. Sanjay Kirloskar, had instituted Civil Suit No. 798 of 2018 against certain Respondents seeking, inter alia, specific performance of the DFS, damages and injunctive relief in respect of alleged breaches of the non-compete obligations, and certain other reliefs concerning Respondents. Registered Office & Global Headquarters: “Yamuna”, Survey No. 98/(3 to 7), Plot No. 3, Baner, Pune - 411 045, Maharashtra, India. Tel: +91 20 2721 4444, 6721 4444 | Fax: +91 20 6721 1060 | Email: marketing@kbl.co.in | Website: www.kirloskarpumps.com CIN No.: L29113PN1920PLC000670 KIRLOSKAR BROTHERS LIMITED A Kirloskar Group Company Certain Respondents had sought reference of the disputes to Arbitration under Section 8 of the Arbitration and Conciliation Act, 1996. The Company opposed the applications, inter alia, on the ground that several parties against whom substantive reliefs had been sought were non- signatories to the DFS and to the Arbitration Agreement. The application was rejected by the learned Civil Judge by Order dated 07.12.2020 and declined to refer the disputes to Arbitration. Aggrieved by the said Judgment and Order, certain Respondents preferred an appeal under Section 37 of the Arbitration and Conciliation Act, 1996 before the Bombay High Court. During the pendency of the appeal, Respondent had filed affidavits stating, without prejudice, that although they were neither signatories to nor bound by the DFS, they had no objection to the disputes being referred to Arbitration. The Bombay High Court, by its Judgment and Order dated 03.05.2021, allowed the appeal and referred the disputes to Arbitration. The Company along with certain Respondents challenged the said Judgment and Order before the Hon'ble Supreme Court vide SLP no.8020 of 2021, SLP no. 8221 of 2021 and SLP no. 13070 of 2021. By its Order dated 11.08.2026, the Hon'ble Supreme Court has disposed of all the above Petitions and directed constitution of a three-member Arbitral Tribunal to adjudicate the disputes. The Hon'ble Court has appointed Justice Nitin Madhukar Jamdar, former Chief Justice, Kerala High Court, as the nominee Arbitrator on behalf of the Company and Justice K. R. Shriram, former Chief Justice, Madras and Rajasthan High Courts, as the nominee Arbitrator on behalf of the contesting Respondents. The nominee Arbitrators are to jointly appoint the Presiding Arbitrator, preferably within four weeks. The Hon'ble Supreme Court has directed that the seat of arbitration shall be Pune. The Hon'ble Supreme Court has clarified that all contentions on arbitrability, including the true scope of Clause 20 of the DFS and whether the Respondents who contend that they are not parties to the DFS are nevertheless bound by the Arbitration Agreement, have been left open and shall be decided by the Arbitral Tribunal as a preliminary issue before proceeding to the merits of the claims. The Hon'ble Court has further clarified that the observations made by the High Court in the impugned Judgment shall have no binding effect on the Arbitral Tribunal and that all issues shall be decided on their own merits. Copy of the Order dated 11.08.2026 passed by the Hon’ble Supreme Court is enclosed herewith. Registered Office & Global Headquarters: “Yamuna”, Survey No. 98/(3 to 7), Plot No. 3, Baner, Pune - 411 045, Maharashtra, India. Tel: +91 20 2721 4444, 6721 4444 | Fax: +91 20 6721 1060 | Email: marketing@kbl.co.in | Website: www.kirloskarpumps.com CIN No.: L29113PN1920PLC000670 KIRLOSKAR BROTHERS LIMITED A Kirloskar Group Company The financial impact, if any, of the aforesaid proceedings cannot be presently ascertained. The Company will keep the stock exchanges informed of any further material developments in the matter. The above is also available on website of the Company at www.kirloskarpumps.com. You are requested to take the same on your records. Thanking you, Yours faithfully, For KIRLOSKAR BROTHERS LIMITED Devang Trivedi Company Secretary Encl.: As above. Registered Office & Global Headquarters: “Yamuna”, Survey No. 98/(3 to 7), Plot No. 3, Baner, Pune - 411 045, Maharashtra, India. Tel: +91 20 2721 4444, 6721 4444 | Fax: +91 20 6721 1060 | Email: marketing@kbl.co.in | Website: www.kirloskarpumps.com CIN No.: L29113PN1920PLC000670 IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO. OF 2026 (ARISING OUT OF SLP (CIVIL) NO. 8020 OF 2021) KIRLOSKAR BROTHERS LIMITED APPELLANT(S) VERSUS ATUL CHANDRAKANT KIRLOSKAR & RESPONDENT(S) ORS. W I T H CIVIL APPEAL NO. OF 2026 (ARISING OUT OF SLP (CIVIL) NO. 8221 OF 2021) CIVIL APPEAL NO. OF 2026 (ARISING OUT OF SLP (CIVIL) NO. 13070 OF 2021) O R D E R 1. I.A. No. 23115/2022 is allowed. M/s Vahine Engineering is impleaded as Respondent No. 28. The memo of parties be amended accordingly. 2. Leave granted. 3. The instant appeals arise out of the common Impugned Judgment dated 03.05.2021 passed by the High Court of Judicature at Bombay (High Court) in Arbitration Appeal (S.T.) No. 1661/2021. The High Court, thereby, allowed the Appeal filed by Respondent Nos. 1, 3-6, and 9-17 and referred the dispute in Special Civil Suit No. 798/2018, pending before the Civil Judge, Senior Division, Pune, to arbitration under Section 8 of the Arbitration and Conciliation Act, 1996 (1996 Act). 4. For the sake of clarity, the point in issue and the parties are referred to as in the lead matter. The dispute has its genesis in a Deed of Family Settlement dated 11.09.2009 (DFS) entered into between members of the Kirloskar family, namely Sanjay Kirloskar (Respondent No. 27), Atul Kirloskar (Respondent No. 1), Vikram Kirloskar (Respondent No. 2), Rahul Kirloskar (Respondent No. 3), and late Gautam Kulkarni, for themselves and their respective family members. The DFS was intended to formalise the separation of the businesses and group companies of the Kirloskar Group amongst the different branches of the family. Clause 20 of the DFS contains an arbitration clause for “any issue ari [Showing first 8,000 characters — download PDF for full document]