Mumbai: The BSE has sent a notice to Kirloskar Brothers (KBL), Kirloskar Industries NSE -1.72 % (KIL), Kirloskar Oil Engines (KOEL) and other listed companies of the Kirloskar group for non-disclosure of the deed of family settlement (DFS) and also a Sebi show-cause notice on allegations of insider trading, sources said.
The bourse said in the letter that the material developments in the companies could have affected their share prices but the facts were concealed from shareholders. The BSE wants to know from the companies the reasons for not disclosing two material and price-sensitive information related to a DFS, show documents accessed by ET.
