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Family agreement disclosures are mandatory: Sebi
Business Standard
|September 13, 2025
The Securities and Exchange Board of India (Sebi) has told the Bombay High Court that it is mandatory for listed entities to disclose any deed of family settlement (DFS) or such agreements as they are "material information" and in the interest of shareholders.
However, the regulator also clarified that regulations do not "bind" a listed company to the obligations of the agreements.
The market regulator made the submissions in a petition filed by Kirloskar Oil Engines (KOEL), documents reviewed by Business Standard showed.
In December 2024, Sebi had directed Kirloskar Oil Engines to disclose a Deed of Family Settlement (DFS) entered in September 2009 to the stock exchanges under the Listing Obligation and Disclosure Requirement (LODR) Regulations.
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