Kilburn Engineering Limited, a leading engineering firm, recently announced a significant transaction involving one of its promoters, Firstview Trading Private Limited. On March 6, 2025, Firstview Trading, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, acquired 20,000 equity shares of Kilburn Engineering in the open market. This purchase was reported to both the BSE and CSE as part of the mandatory disclosure under Regulation 7(2) of the SEBI regulations.

Details of the Acquisition

According to the disclosure provided by the company, Firstview Trading Private Limited now holds 1,51,06,239 equity shares, which amounts to 31.811% of the total shares in Kilburn Engineering. Before the purchase, Firstview Trading held 1,50,86,239 shares, representing 31.769% of the company. The acquisition took place through the BSE exchange, and the transaction was completed on the same day, March 6, 2025.

This open market purchase follows the SEBI norms that require promoters to disclose changes in their shareholding and transactions involving the company's securities. The SEBI Form C disclosure, submitted by Firstview Trading, provides detailed information regarding the transaction, including the date, type of securities, the mode of acquisition, and the post-transaction shareholding percentage.

Regulatory Compliance and Insider Trading

This disclosure is a part of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, designed to ensure transparency in trading activities and prevent insider trading in listed companies. The regulations stipulate that any change in the holding of promoters or designated persons must be disclosed within two working days of the transaction. In this case, Firstview Trading adhered to these requirements by filing Form C on March 6, 2025, notifying both the stock exchanges and the public about the increase in their shareholding in Kilburn Engineering.

The Role of Promoters in Kilburn Engineering

As a promoter entity, Firstview Trading plays a crucial role in the overall governance and management of Kilburn Engineering. The recent acquisition of shares further strengthens its position in the company, maintaining its status as one of the leading shareholders. The promoter group is typically involved in steering the company’s strategy and operations, and this acquisition reflects the confidence Firstview Trading has in the future prospects of Kilburn Engineering.

Kilburn Engineering’s Corporate Governance

Kilburn Engineering has always maintained a strong commitment to corporate governance and regulatory compliance. By adhering to the SEBI regulations, the company ensures that its promoters and directors conduct all transactions in a transparent and legal manner. The recent disclosure of Firstview Trading’s share acquisition demonstrates Kilburn Engineering’s dedication to maintaining open communication with the stock exchanges and investors.

This event also highlights Kilburn Engineering’s ongoing efforts to comply with insider trading regulations, which are designed to prevent the misuse of confidential information in the securities market. Through timely disclosures and transparent transactions, Kilburn Engineering upholds its reputation as a responsible corporate entity committed to adhering to all legal and regulatory frameworks.

Looking Forward

With the increased shareholding of Firstview Trading, the ownership structure of Kilburn Engineering remains stable, and the company’s market position continues to grow. As a significant player in the engineering sector, Kilburn Engineering is poised to maintain its focus on innovation and growth, while ensuring all stakeholders are kept informed about key developments, such as shareholding changes and acquisitions.

Conclusion

This recent transaction of Firstview Trading acquiring 20,000 equity shares underscores the continued confidence and commitment of Kilburn Engineering's promoters towards the company’s future. The open market purchase is in line with the regulatory requirements set by SEBI and is part of the company’s ongoing efforts to maintain transparency in its operations. Shareholders and investors can rest assured that Kilburn Engineering continues to prioritize compliance with all regulatory norms, ensuring a robust and transparent business environment.

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