How to Convert Old Kirloskar Share Certificates to Demat and Recover Them from IEPF

To convert an old Kirloskar share certificate to demat, first work out which of today’s companies it belongs to. Then open a demat account in exactly the name printed on it, update the folio’s KYC with that company’s registrar, and hand the certificate in through your broker or bank with a Demat Request Form. Most Kirloskar companies use the same registrar, MUFG Intime India (formerly Link Intime). The two exceptions are Kirloskar Brothers, whose registrar is Bigshare Services, and Kirloskar Electric, whose registrar is Integrated Registry Management Services. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5, one claim for each company.

That first step matters more with Kirloskar than with almost any other name. “Kirloskar” on a certificate can mean any of seven companies listed today, and one old certificate can now be shares in three of them. A Kirloskar Brothers certificate for 100 shares of ₹10 from the late 1990s is today 1,125 Kirloskar Brothers shares, 1,140 Kirloskar Oil Engines shares and 990 Kirloskar Pneumatic shares. That is about ₹51 lakh at the 25 September 2026 prices, and the Kirloskar Brothers shares are less than 40% of it.

There are two more traps. A certificate that says Kirloskar Oil Engines can belong to either of two different companies, depending on its date. And an old Kirloskar Cummins certificate is a Cummins India share today. This guide maps every Kirloskar certificate to what it is now, then covers demat, the IEPF, lost certificates, duplicates and the shares of a holder who has died. If you would rather we traced it for you, start with Find Your Shares.

Which company is your Kirloskar certificate today?

Read the company name and the date printed on the certificate, then find it in the table below. The name alone is not enough. Kirloskar companies were renamed, split and merged several times, and one name, Kirloskar Oil Engines, has belonged to two different companies.

A family often holds more than one of these. The Kirloskar companies grew out of the same group, and shareholders of one were often offered shares in the next. Check every certificate separately, even when the names look alike.

What is an old Kirloskar Brothers certificate worth today?

Far more than its Kirloskar Brothers shares alone. A Kirloskar Brothers share registered before March 2010 is today shares in three companies. Here is how one old ₹10 share travelled:

1. August 2005: each ₹10 share was split into five shares of ₹2.
2. October 2005: a bonus of two free shares for every one held. One old ₹10 share was now 15 shares of ₹2.
3. March 2010: Kirloskar Brothers moved some of its investments into a new company, Kirloskar Brothers Investments Ltd. For every 20 shares held, holders kept 15 Kirloskar Brothers shares and received 1 Kirloskar Brothers Investments share of ₹10.
4. June 2015: Kirloskar Brothers Investments was wound up into two companies. For every 5 of its shares, holders received 76 Kirloskar Oil Engines shares, plus 1 Pneumatic Holdings share for each one held.
5. May 2017: Pneumatic Holdings merged into Kirloskar Pneumatic, at 53 Kirloskar Pneumatic shares of ₹10 for every 40 held.
6. September 2018 and August 2026: Kirloskar Pneumatic split its shares from ₹10 to ₹2, then from ₹2 to ₹1. So each of those shares is 10 shares today.

Worked example. 100 Kirloskar Brothers shares of ₹10, bought in 1999, are today 1,125 Kirloskar Brothers shares (about ₹19.93 lakh at ₹1,771.90), 1,140 Kirloskar Oil Engines shares (about ₹24.36 lakh at ₹2,137.20) and 990 Kirloskar Pneumatic shares (about ₹6.85 lakh at ₹691.95). The total is about ₹51.15 lakh. Value only the Kirloskar Brothers part and you leave about ₹31 lakh behind.

Certificates older than 1997 need one more check. Kirloskar Brothers’ records show another increase in its share count in 1996, and we confirm from the register whether it added free shares to your folio before we quote a number. Certificates from the 1960s and 1970s also carry two earlier bonus issues: one free share for every five in 1968, and two for every three in the mid-1970s. The oldest certificates show a face value of ₹25, later converted into ₹10 shares. Each of these makes today’s count higher still.

Each of these steps usually came with new certificates, posted to the address on the company’s register. If your family has only the original ₹10 certificate, the later ones were probably sent and never received. They were not lost: the section on checking the IEPF explains where they go.

What happened to Kirloskar Brothers Investments and Pneumatic Holdings shares?

Both companies no longer exist. Their shares became Kirloskar Oil Engines and Kirloskar Pneumatic shares.

• Kirloskar Brothers Investments Ltd was formed in the 2010 Kirloskar Brothers scheme and listed on BSE. Under a scheme sanctioned by the Bombay High Court on 30 April 2015, which took effect on 30 June 2015, its holders received 76 Kirloskar Oil Engines shares of ₹2 for every 5 shares held, and 1 Pneumatic Holdings share of ₹10 for every 1 held. The company was then dissolved.
• Pneumatic Holdings Ltd merged into Kirloskar Pneumatic with effect from 28 April 2017. Holders on the record date, 23 May 2017, received 53 Kirloskar Pneumatic shares of ₹10 for every 40 held. Kirloskar Pneumatic’s two later splits make that 530 shares of ₹1 today for every 40 Pneumatic Holdings shares.

So 100 Kirloskar Brothers Investments shares are today 1,520 Kirloskar Oil Engines shares and 1,320 Kirloskar Pneumatic shares, about ₹41.6 lakh. Where a holding did not divide exactly, the fractions were pooled, sold by a trustee, and the cash was paid out.

Paper holders of Kirloskar Brothers Investments received their new Kirloskar Oil Engines shares as paper certificates, unless they asked for demat before the record date. Pneumatic Holdings shares were issued in demat wherever the holder’s account details were available, and on paper otherwise.

Is an old Kirloskar Oil Engines certificate the company listed today?

Not if it is dated before April 2010. The original Kirloskar Oil Engines Ltd was renamed Kirloskar Industries Ltd on 31 March 2010. The company that has traded as Kirloskar Oil Engines since then is a new company, created from the original company’s engines business.

The split was approved by the Bombay High Court in orders of 31 July 2009 and 19 March 2010. The engines business went to a new company, Kirloskar Engines India Ltd, which took the name Kirloskar Oil Engines Ltd on 2 June 2010. On the record date, 22 April 2010, every 20 shares of ₹2 in the original company became 15 shares of ₹2 in the new Kirloskar Oil Engines and 1 share of ₹10 in Kirloskar Industries.

Before that, the original company split each ₹10 share into five of ₹2 in August 2005, and gave one free share for every share held in October 2007.

Worked example. 100 shares of ₹10 bought in the 1990s are today 750 Kirloskar Oil Engines shares (about ₹16.03 lakh at ₹2,137.20) and 50 Kirloskar Industries shares (about ₹1.80 lakh at ₹3,597.50). The total is about ₹17.83 lakh. For certificates dated before 1992, we check the register before quoting a number.

This means two companies, two folios, and possibly two IEPF claims. A family that writes only to today’s Kirloskar Oil Engines misses the Kirloskar Industries shares. One that writes only to Kirloskar Industries, because it is the same legal company, misses the engines shares.

How many shares is an old Kirloskar Pneumatic certificate today?

Ten for every ₹10 share. Kirloskar Pneumatic split its shares from ₹10 to ₹2 in September 2018, and from ₹2 to ₹1 in August 2026, with a record date of 18 August 2026. So 100 shares of ₹10 are 1,000 shares today, about ₹6.92 lakh at ₹691.95.

• ₹2 certificates (from 2018 to August 2026) are 2 shares each today.
• Certificates from before 1987: the company gave one free share for every share held in 1987. If your certificate is older, the folio is likely twice as big again, 20 shares today for each ₹10 share. We confirm this from the register.
• Certificates from before 1983: the original Kirloskar Pneumatic Company was merged under a scheme sanctioned by the Bombay High Court on 7 September 1983, and its shareholders were allotted shares of the present company. A certificate from before then is traced through that exchange.
• Pneumatic Holdings and Kirloskar Brothers Investments certificates also became Kirloskar Pneumatic shares, as explained above.

Because the second split happened only in August 2026, any statement or dividend letter printed before then shows half the number of shares the folio holds today.

What is an old Kirloskar Cummins certificate worth?

It is a Cummins India share. Kirloskar Cummins Ltd, set up in 1962, was renamed Cummins India Ltd in September 1997. Because it no longer carries the Kirloskar name, families searching for “Kirloskar” often miss it. Yet it has multiplied more than any other Kirloskar certificate.

Cummins India’s share history, in order: four free shares for every seven held in 1981; one for one in 1984; each ₹100 share split into ten ₹10 shares, with a one-for-one bonus, in 1986–87; one free share for every two in 1994; each ₹10 share split into five of ₹2 in 2000; and two free shares for every five in 2011.

Worked example. Ten ₹100 shares bought in 1985 are 2,100 Cummins India shares today, about ₹1.04 crore at ₹4,945. A single ₹100 share from before 1981 is at least 660 shares, about ₹32.6 lakh.

For certificates from the 1960s and 1970s, 660 is the minimum. The company’s share count also grew during the 1970s, and we check from the register whether those issues added free shares to your folio. On small holdings the count can be slightly lower than the table, because fractions of a bonus share were paid out in cash.

What about Kirloskar Ferrous and old ISMT certificates?

A Kirloskar Ferrous certificate is the same number of shares today. The company has never issued bonus shares or split its shares. In November 2005 it reduced the face value from ₹10 to ₹5 without changing the number of shares. Its December 2006 issue was a rights issue, so only holders who paid for new shares received them. 100 Kirloskar Ferrous shares are worth about ₹48,320 at ₹483.20.

• ISMT Ltd merged into Kirloskar Ferrous in 2024. Holders on the record date, 6 August 2024, received 17 Kirloskar Ferrous shares of ₹5 for every 100 ISMT shares of ₹5. So 1,000 ISMT shares are 170 Kirloskar Ferrous shares today, about ₹82,144. ISMT’s old folios were handled by KFin Technologies. The new Kirloskar Ferrous shares sit with Kirloskar Ferrous’s registrar, MUFG Intime India.
• Indian Seamless Metal Tubes or Indian Seamless Steels & Alloys certificates: ISMT was itself formed from these two companies in 2005. A certificate in either name goes through that merger first, then the 2024 one. We trace both steps from the register.

What about Kirloskar Electric certificates?

A Kirloskar Electric certificate is the same number of shares today. The company has never split its shares, and the face value is still ₹10. Its only bonus issue on record was two free shares for every five held, in 1991. So a certificate from before 1991 is 1.4 times the number printed: 100 shares became 140. 100 shares are worth about ₹12,617 at ₹126.17.

Kirloskar Electric is based in Bengaluru, and its registrar is Integrated Registry Management Services, also in Bengaluru. It is the one Kirloskar company whose folios are not with MUFG Intime or Bigshare. Share recovery in Bengaluru.

Which Kirloskar names are no longer listed?

Three kinds: companies that merged into another Kirloskar company, companies that were delisted, and one company in liquidation.

• Merged, so the value lives on: Kirloskar Brothers Investments, Pneumatic Holdings and ISMT. Their shares became shares of today’s companies, as shown above.
• Mysore Kirloskar Ltd: the BIFR recommended winding it up in 2002, and the Karnataka High Court ordered it wound up on 1 April 2004. It is still under liquidation, with no successor company. In a liquidation, shareholders are paid only after every creditor. Do not pay anyone who promises to “recover” these shares.
• Kirloskar Investments & Finance Ltd and Kirloskar Multimedia Ltd: both are delisted, and neither became part of any Kirloskar company listed today. Whether anything is left depends on each company’s current status with the Ministry of Corporate Affairs. We check that before you spend anything.

How do you convert old Kirloskar certificates to demat?

Open a demat account in exactly the name on the certificate, update the folio’s KYC with the right registrar, then hand the certificates in with a Demat Request Form through your broker or bank. With Kirloskar there is one step before all of that: find out whether the paper in your hand is still the current certificate.

After a split or a scheme, companies usually replace the old certificates with new ones, sent to the address on the register. So an old Kirloskar Brothers or Kirloskar Oil Engines certificate from before 2005 may no longer be the document you demat. Do not throw it away. It carries the folio number, the certificate number and the distinctive numbers, which the registrar uses to find where the replacement shares went. If the new certificates came back undelivered, the shares were moved to the company’s unclaimed suspense account, and the registrar can credit them to your demat account once your KYC is complete.

1. Open a demat account in the same name, or the same names in the same order for a joint holding.
2. Update KYC on the folio with Form ISR-1 (PAN, bank and contact details), and Form ISR-2 if your signature has changed. Do this with each company’s registrar. How to fix a signature mismatch.
3. Write “Surrendered for Dematerialisation” on each current certificate and sign it as it was signed on the register.
4. Hand in the certificates with a Demat Request Form through your broker or bank. Use one form for each company and folio, with every certificate from that folio on it.
5. The registrar checks the signature, the folio and the distinctive numbers against the company’s register. If the papers are in order, the shares usually arrive within a few weeks.

Since April 2019, paper shares cannot be sold or transferred until they are in demat. There is no deadline to demat shares already registered in your own name. But the longer they stay on paper, the more likely it is that dividends go unclaimed and the shares move to the IEPF. The rules on physical shares in 2026.

How do you check if your Kirloskar shares have gone to the IEPF?

If no dividend on a folio has been cashed for seven years in a row, its shares have very likely been moved to the IEPF. Companies that pay dividends move a new batch every year, as each year’s dividend passes seven years unclaimed. Check each company separately:

• Each company’s investor website lists the holders whose shares are due to move, before every batch.
• The IEPF Authority’s search at iepfa.gov.in covers shares that have already moved. Search each company name on its own: Kirloskar Brothers, Kirloskar Oil Engines, Kirloskar Industries, Kirloskar Pneumatic, Kirloskar Ferrous and Cummins India. How to search the IEPF.
• Search every old spelling of the holder’s name, and the joint holders’ names too.

The shares from later schemes follow the old ones. If a Kirloskar Brothers folio was already in the IEPF in 2010, the Kirloskar Brothers Investments shares issued on it went to the IEPF too. In 2015 so did the Kirloskar Oil Engines and Pneumatic Holdings shares, and in 2017 the Kirloskar Pneumatic shares. One forgotten folio can therefore mean IEPF holdings in three companies.

If you find nothing in the IEPF, ask the registrar about the unclaimed suspense account. That is where undelivered certificates from the splits and schemes usually went. If you find nothing there either, the shares are probably still on the register in the holder’s name, waiting to be dematted.

How do you recover Kirloskar shares from the IEPF?

For each company, get an entitlement letter from its registrar, file Form IEPF-5 online on the Ministry of Corporate Affairs website, then send the signed papers to that company for verification. The company sends a verification report to the IEPF Authority, which credits the shares back to your demat account and refunds the dividends.

1. Open a demat account in the claimant’s name. For a joint folio, the same names in the same order.
2. Complete KYC with each registrar and ask for an entitlement letter. It states how many shares and how much dividend on your folio went to the IEPF. Since October 2025 the entitlement letter is a mandatory part of every IEPF-5 claim.
3. File Form IEPF-5 on the MCA portal, one for each company, and note each SRN (your claim number). How to file IEPF-5 online.
4. Send the physical documents to each company or its registrar: the signed IEPF-5 printout and acknowledgement, an indemnity bond on stamp paper, an advance stamped receipt, PAN, Aadhaar, a cancelled cheque, your client master list, the entitlement letter, and the original certificates if you have them.
5. The company verifies and reports to the IEPF Authority. The rules give the company 15 days for its report and the Authority 60 days to decide: 75 days on paper. Real claims usually take much longer, because papers go back and forth. What to do when an IEPF claim is stuck.

An old Kirloskar Brothers folio can need three separate claims: Kirloskar Brothers (entitlement letter from Bigshare Services), Kirloskar Oil Engines and Kirloskar Pneumatic (both from MUFG Intime India). An old Kirloskar Oil Engines folio can need two: today’s Kirloskar Oil Engines and Kirloskar Industries. Claim the whole folio in each company, not the number printed on the paper. The entitlement letter is based on the company’s register, so it gives the full count.

What if the Kirloskar certificates are lost?

If the shares have gone to the IEPF, you usually do not need the certificates: you claim with IEPF-5 and the entitlement letter. If the shares are still with the company, you apply for duplicate shares with Form ISR-4, and they are credited straight into your demat account.

SEBI simplified the duplicate rules in December 2025. What you need depends on what the lost shares are worth today:

• Up to ₹10,000: a simple undertaking on plain paper.
• ₹10,000 to ₹10 lakh: one standard affidavit-cum-indemnity bond.
• Above ₹10 lakh: the affidavit-cum-indemnity bond, plus a police report (FIR, e-FIR or police complaint) that mentions the folio, certificate numbers and distinctive numbers, plus a notice of the loss in a widely read newspaper.

With Kirloskar companies, ₹10 lakh comes quickly. It is about 564 Kirloskar Brothers shares, 468 Kirloskar Oil Engines shares, 278 Kirloskar Industries shares or 202 Cummins India shares at today’s prices. The Kirloskar Brothers part of the 1999 example above is ₹19.93 lakh on its own, so it already needs the police report and the newspaper notice.

1. Open a demat account first. Since 2 April 2026 the registrar credits duplicate shares directly into demat. There is no longer a “Letter of Confirmation” to carry to your broker, so the account must exist before you apply.
2. Update KYC on the folio with Form ISR-1, and ISR-2 if your signature has changed.
3. Get the police report and newspaper notice if the holding is above ₹10 lakh. The registrar can give you the certificate numbers if you do not have them.
4. Submit Form ISR-4 to the registrar with the affidavit-cum-indemnity bond, the police report and notice if needed, and your demat details.
5. The shares are credited to your demat account once the registrar completes its checks. SEBI expects about 30 days for a complete, correct application.

Don’t know the folio number? Old dividend warrants, bank passbooks showing Kirloskar dividend credits, scheme letters from 2010, 2015 or 2017, or any company correspondence can give it. With the holder’s name and an old address, the registrar can usually trace the folio. Our lost shares recovery service starts from exactly this point, and our guide to reporting a lost share certificate has the full process.

What if the Kirloskar shareholder has died?

The shares pass to the nominee or legal heirs through transmission, handled by each company’s registrar, and they are always credited in demat. If the shares have also gone to the IEPF, transmission and the IEPF claim happen together, and the heir files the IEPF-5.

SEBI’s new transmission rules have applied since 22 August 2026. They make this easier than it was:

• Simplified documents for physical shares worth up to ₹10 lakh per listed company, doubled from ₹5 lakh.
• Quick processing for physical holdings up to ₹10,000 where the claimant is a parent, spouse, child or parent-in-law.
• No blanket requirement for probate, and one combined affidavit-cum-NOC in place of separate papers. You still have to prove your entitlement if other heirs dispute it.
• 21 days for the registrar to process once all documents are in.

The ₹10 lakh limit applies to each listed company separately. In the 1999 Kirloskar Brothers example, the Kirloskar Pneumatic part (₹6.85 lakh) is under the limit, while the Kirloskar Brothers part (₹19.93 lakh) and the Kirloskar Oil Engines part (₹24.36 lakh) are over it. Above the limit you usually need a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection. Read more in our guides to transmission of shares and transmission without a succession certificate.

What if the name does not match, or the shares are held jointly?

Fix the name on each folio first, with Form ISR-1 and a document that proves both spellings belong to the same person. For joint holdings, the demat account must be in the same names and in the same order as on the certificate.

• Common name mismatches: initials on the certificate and the full name on the PAN card, a woman’s maiden name on the certificate, spelling changes over the decades, or a title like “Smt.” or “Dr.” in one place and not the other. The usual proof is a passport, a marriage certificate, a gazette notification or a notarised affidavit.
• Correct every folio that came out of the same holding. A Kirloskar Brothers folio that became three companies’ folios needs the same correction with Bigshare Services and with MUFG Intime India.
• One joint holder has died: the surviving holders get the shares by having that name deleted. You need a copy of the death certificate and the survivors’ KYC. No succession certificate, will or probate is needed.
• Names in the wrong order for the demat account you want to use: ask the registrar to change the order (“transposition”) with Form ISR-4 before you demat.

Why not just hand the certificates to a local lawyer or agent?

Because a claim is only as good as the holding traced behind it, and with Kirloskar the certificate in your hand is rarely the whole holding.

Take the family with one Kirloskar Brothers certificate for 100 shares of ₹10 from 1999. A generalist sees “100 shares” and values them at about ₹1.77 lakh. One who knows about the 2005 split and bonus says 1,125 Kirloskar Brothers shares, about ₹19.93 lakh. But the folio is actually worth about ₹51 lakh, spread across three companies, two registrars and possibly three IEPF claims. File on the wrong number and the wrong documents come with it: the simple papers for a holding that needs a police report, or a claim in one company while the other two sit untouched.

We work the other way round. We trace the complete holding first: every company it passed through, every scheme, every folio, every suspense account and every IEPF transfer. Then a vetted local partner handles the paperwork where you live (affidavits, police report, newspaper notice, succession papers) on the full holding, the first time.

There is also the question of who is paid for what. A lawyer or agent is paid whether or not your shares ever arrive. We are not. Zero advance — you pay only once the shares are credited to your demat account. So we only get paid if the whole chain works.

Kirloskar Oil Engines and the MUFG Intime office that handles its folios are both in Pune, where our local partner can handle the paperwork. Share recovery in Pune. But every IEPF claim is decided in Delhi, where the IEPF Authority sits. Our team is in Delhi, so we can follow your file up in person, not by letter from another city. For an IEPF claim, what matters is who is closest to the office that holds your file.

The document is only the start. After it come the KYC, the entitlement letters, the verifications, the demat credits, and a transmission if the holder has died, in each company. Anyone can get you a piece of paper. We get you the shares. See how our IEPF claim service works.

Dates you should know about

August and October 2005 decide how to read a Kirloskar Brothers certificate. The ₹10 shares were split into five of ₹2, then a two-for-one bonus followed, so one old ₹10 share was 15 shares before 2010.

March 2010 is when a Kirloskar Brothers holding became two companies, with Kirloskar Brothers Investments shares issued at 1 for every 15 Kirloskar Brothers shares kept.

31 March 2010 is when the original Kirloskar Oil Engines became Kirloskar Industries, and 22 April 2010 was the record date for the new Kirloskar Oil Engines shares. The new company took the Kirloskar Oil Engines name on 2 June 2010.

30 June 2015 is when Kirloskar Brothers Investments shares became Kirloskar Oil Engines and Pneumatic Holdings shares. 23 May 2017 was the record date for Pneumatic Holdings shares to become Kirloskar Pneumatic shares.

September 1997 is when Kirloskar Cummins became Cummins India. Certificates in either name are the same company’s shares.

6 August 2024 was the record date for ISMT shares to become Kirloskar Ferrous shares, at 17 for every 100.

18 August 2026 was the record date for Kirloskar Pneumatic’s second split, from ₹2 to ₹1.

4 February 2027 is when SEBI’s special window for old physical transfers closes. It covers transfer deeds signed before 1 April 2019 that were rejected, returned or never processed. Shares already moved to the IEPF are not covered. The full rules of the window.

Holding other old engineering certificates too? See what happened to old L&T shares, Bosch (MICO) shares and Force Motors (Bajaj Tempo) shares. Also from Pune: old Bharat Forge shares, where 100 shares from the late 1970s are 4,000 today, plus BF Utilities and BF Investment shares.

Not sure which Kirloskar companies your family’s certificates became, or whether some have gone to the IEPF? Start with Find Your Shares →

Frequently Asked Questions

Which Kirloskar companies are listed today?
Seven listed companies trace back to Kirloskar certificates: Kirloskar Brothers, Kirloskar Oil Engines, Kirloskar Industries, Kirloskar Pneumatic, Kirloskar Ferrous, Kirloskar Electric and Cummins India, which was called Kirloskar Cummins until September 1997.

What happened to old Kirloskar Brothers shares?
They are now shares in three companies. In 2005 each ₹10 share was split into five of ₹2 and a two-for-one bonus followed. In March 2010, for every 20 shares, holders kept 15 Kirloskar Brothers shares and received 1 Kirloskar Brothers Investments share. In 2015 those became Kirloskar Oil Engines and Pneumatic Holdings shares, and in 2017 Pneumatic Holdings merged into Kirloskar Pneumatic.

How many shares are 100 old Kirloskar Brothers shares today?
100 Kirloskar Brothers shares of ₹10 dated between 1997 and August 2005 are today 1,125 Kirloskar Brothers shares, 1,140 Kirloskar Oil Engines shares and 990 Kirloskar Pneumatic shares, about ₹51 lakh at 25 September 2026 prices. Older certificates can be more, and we confirm them from the register.

Is Kirloskar Industries the old Kirloskar Oil Engines?
Yes. The original Kirloskar Oil Engines Ltd was renamed Kirloskar Industries Ltd on 31 March 2010. The company trading as Kirloskar Oil Engines today is a new company created from the original company’s engines business, which took the Kirloskar Oil Engines name on 2 June 2010.

What did Kirloskar Oil Engines shareholders get in the 2010 demerger?
On the record date, 22 April 2010, every 20 shares of ₹2 in the original company became 15 shares of ₹2 in the new Kirloskar Oil Engines and 1 share of ₹10 in Kirloskar Industries. So 100 old ₹10 shares from 1992 to 2005 are today 750 Kirloskar Oil Engines shares and 50 Kirloskar Industries shares, about ₹17.8 lakh.

What happened to Kirloskar Brothers Investments shares?
Under a scheme that took effect on 30 June 2015, each holder received 76 Kirloskar Oil Engines shares for every 5 Kirloskar Brothers Investments shares, plus 1 Pneumatic Holdings share for each one held. Kirloskar Brothers Investments was then dissolved. 100 of its shares are today 1,520 Kirloskar Oil Engines and 1,320 Kirloskar Pneumatic shares.

What happened to Pneumatic Holdings shares?
Pneumatic Holdings merged into Kirloskar Pneumatic in 2017. Holders on the record date, 23 May 2017, received 53 Kirloskar Pneumatic shares of ₹10 for every 40 held. After Kirloskar Pneumatic’s two later splits, that is 530 shares of ₹1 today for every 40 Pneumatic Holdings shares.

Has Kirloskar Pneumatic split its shares?
Yes, twice. It split each ₹10 share into five of ₹2 in September 2018, and each ₹2 share into two of ₹1 in August 2026, with a record date of 18 August 2026. So an old ₹10 Kirloskar Pneumatic certificate is 10 shares today.

Is Kirloskar Cummins the same as Cummins India?
Yes. Kirloskar Cummins Ltd was renamed Cummins India Ltd in September 1997, so an old Kirloskar Cummins certificate is a Cummins India share. After its bonus issues and splits, a ₹100 share from before 1981 is at least 660 Cummins India shares today, and a ₹100 share from 1984 to 1986 is 210.

What did ISMT shareholders get from Kirloskar Ferrous?
ISMT merged into Kirloskar Ferrous in 2024. Holders on the record date, 6 August 2024, received 17 Kirloskar Ferrous shares of ₹5 for every 100 ISMT shares of ₹5. So 1,000 ISMT shares are 170 Kirloskar Ferrous shares.

Who is the registrar for Kirloskar companies?
MUFG Intime India, formerly Link Intime, is the registrar for Kirloskar Oil Engines, Kirloskar Industries, Kirloskar Pneumatic, Kirloskar Ferrous and Cummins India. Kirloskar Brothers uses Bigshare Services, and Kirloskar Electric uses Integrated Registry Management Services in Bengaluru.

Are Mysore Kirloskar shares worth anything?
Mysore Kirloskar Ltd was ordered to be wound up by the Karnataka High Court on 1 April 2004 and is still under liquidation, with no successor company. In a liquidation, shareholders are paid only after every creditor, so do not pay anyone who promises to recover these shares.

Do I need a separate IEPF claim for each Kirloskar company?
Yes. Each company is a separate Form IEPF-5 with its own entitlement letter from its own registrar. An old Kirloskar Brothers folio can need three claims: Kirloskar Brothers, Kirloskar Oil Engines and Kirloskar Pneumatic. If the original shares were already in the IEPF when a scheme happened, the new shares went to the IEPF too.

Do I have to pay SharesRecover anything upfront?
No. Zero advance — you pay only once the shares are credited to your demat account.