Kirloskar was referring to the appeal filed by him against TDPS in the Karnataka High Court on November 22, 2023, against an earlier order, which, as per the stock exchange filing, has not been disclosed by the company.
Constrained to seek CVC enquiry into TD Power's irregularities, non-disclosures, says Vijay Kirloskar - Market News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Kirloskar seeks to move CVC over TD Power disclosure issue - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Sources said fund managers who attended the meeting raised concerns with the company management over the lack of disclosures about the dispute between the promoters prior to the stake sale.
A new regulation concerning the disclosure of family arrangements by listed companies is exacerbating rifts between feuding shareholders.
The latest example is Bengaluru-based TD Power Systems (TDPS), currently enmeshed in a legal dispute before the Karnataka high court over ownership of its 16 per cent equity.
Vijay Kirloskar, who is asserting a claim over the 16 per cent stake held by Mohib Khericha (chairperson of TDPS) and Nikhil Kumar (managing director of TDPS and nephew of Kirloskar), has sent a letter to the market regulator, Securities and Exchange Board of India (Sebi), and stock exchanges. He accuses TDPS of insufficient disclosure concerning shareholder agreements.
Vijay Kirloskar moves Sebi accusing TD Power of avoiding compliance disclosures financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Stock Market Live Updates: Sensex, Nifty gain in early trade; Vijay Shekhar Sharma to buy 10.3% stake in Paytm from Antfin thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Share Market Highlights 07 August 2023: Sensex settles 232 points higher, Nifty closes at 19,597 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.