Shareholders of Kirloskar Brothers have rejected a resolution for a forensic audit of the affairs of the company by an external agency, according to a regulatory filing on Monday.

On December 8, an extraordinary general meeting of the company’s shareholders was convened following a requisition by Kirloskar Industries along with Atul Kirloskar and Rahul Kirloskar, who together hold 24.92 per cent in Kirloskar Brothers, amid the simmering feud between the Kirloskar siblings.

The ordinary resolution was rejected with 63.99 per cent of votes against it while 36.01 per cent were in favour.

The resolution had called for the appointment of an independent forensic auditor to investigate and verify the expenses incurred by KBL on legal, professional consultancy charges over the past six years.

It had also sought investigation to verify all records, books of accounts, minutes books, and other documents of the company besides examining the conduct of the board of directors, including independent directors.