Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

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Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

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Red flags

Kirloskar Brothers (KBL) on Monday (12 December) said its shareholders have rejected a resolution pertaining to a forensic audit in the affairs of the company by an external agency.

Kirloskar Brothers shareholders reject resolution of forensic audit

Kirloskar siblings, with KBL Chairman and Managing Director Sanjay Kirloskar on one side and Atul and Rahul on the other, have been in a feud since 2016 over the deed of family settlement

Kirloskar Brothers EGM: Shareholders reject call for forensic audit

The ordinary resolution was rejected with 63.99% of votes against it while 36.01% were in favour, the filing said. In the resolution was a call for the appointment of an independent forensic auditor to investigate and verify the expenses incurred by KBL on legal, professional consultancy charges ove…

Kirloskar Brothers shareholders reject resolution for forensic audit

Sanjay Kirloskar-led Kirloskar Brothers (KBL) called an extraordinary general meeting (EGM) on December 8 in response to the demand from Atul Kirloskar-controlled Kirloskar Industries (KIL) that an independent forensic auditor be appointed to conduct an external forensic audit on KBL’s legal expense…

Proxy advisor for voting against audit of KBL’s legal costs

They had demanded that being a listed entity KBL should justify the rationale and basis on which it spent amounts aggregating to approximately Rs 274 crore towards payment of professional illegal expenses and consultancy charges ever since their dispute arose around 2016.

KIL criticises Kirloskar Brothers board for suggesting shareholders to vote against forensic audit

Kirloskar Industries has requisitioned EGM of Kirloskar Brothers. Kirloskar Industries demands appointment of independent forensic auditor to examine past legal expenses incurred by KBL. ET Now's Anujosh is here with all the details
                       
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Kirloskar Brothers calls EGM on December 8; to vote on forensic audit

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KIL is one of the largest shareholders of KBL, holding 23.91% of KBL’s voting capital. KIL demanded verification of expenses incurred by Kirloskar Brothers on legal, professional, and consultancy charges over the past six years. KIL also sought verification of records, books of accounts, minutes, an…

Kirloskar siblings clash over KBL legal expenses

It follows requisition by Kirloskar Industries Ltd (KIL) along with Atul Kirloskar and Rahul Kirloskar, who together hold 24.92 per cent in Kirloskar Brothers Ltd (KBL).