Kirloskar Brothers Relief: APGST Demand Notices issued to Directors Withdrawn

Regulatory update and background  

On November 19, 2025, Kirloskar Brothers informed stock exchanges that demand notices under the APGST Act, 2017, directed at its directors have been withdrawn. The notices were originally tied to alleged arrears of ₹15.48 crore for FY 2017–18, connected to the IVRCL-KBL-MEIL joint venture formed for a Water Resources Department project in Andhra Pradesh. The company had challenged the demand through a writ petition, and the High Court had earlier granted an interim stay on recovery proceedings. The latest withdrawal marks a significant relief for the company’s leadership and strengthens its compliance standing.  

 

Notable updates  

* APGST demand notices to Kirloskar Brothers’ directors withdrawn on November 19, 2025  

* Notices related to alleged arrears of ₹15.48 crore for FY 2017–18  

* Linked to IVRCL-KBL-MEIL joint venture project with Andhra Pradesh Water Resources Department  

* Company had filed a writ petition; High Court granted interim stay earlier  

* Withdrawal provides regulatory clarity and boosts investor confidence  

 

The withdrawal of APGST demand notices removes a key legal overhang for Kirloskar Brothers, reinforcing its compliance position and offering relief to directors and stakeholders.  

 

Sources: InvestyWise, StockInsights, Kirloskar Brothers Ltd Regulatory Filings