# EDGAR Filing Document

**Accession Number:** 0001071196
**File Stem:** 0001133228-26-008285
**Filing Date:** 2026-5
**Character Count:** 57714
**Document Hash:** b8a029ee9f3b574235b7eb24a6e35294
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-008285.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001133228-26-008285

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**EFFECTIVENESS DATE**: 20260522

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KIRR MARBACH PARTNERS FUNDS INC
- **CENTRAL INDEX KEY:** 0001071196

**ORGANIZATION NAME:**
- **EIN:** 311629076
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09067
- **FILM NUMBER:** 261012696

**BUSINESS ADDRESS:**
- **STREET 1:** 621 WASHINGTON STREET
- **CITY:** COLUMBUS
- **STATE:** IN
- **ZIP:** 47202
- **BUSINESS PHONE:** 8123769444

**MAIL ADDRESS:**
- **STREET 1:** 621 WASHINGTON STREET
- **CITY:** COLUMBUS
- **STATE:** IN
- **ZIP:** 47202

## Series and Classes Contracts Data

### Kirr, Marbach Partners Value Fund (Series ID: S000009002)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000024491 | Kirr, Marbach Partners Value Fund | KMVAX           |

?xml version='1.0' encoding='ASCII'? 2026-02-23533970_KirrMarbachPartnersValueFund_TF_TSRSemiAnnual

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number **<u>811-09067</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Kirr, Marbach Partners Funds, Inc.</u>**

(Exact name of registrant as specified in charter)

**<u>621 Washington Street, Columbus, IN 47201</u>**

(Address of principal executive offices) (Zip code)

**<u>Kirr, Marbach & Company, LLC</u>**

**<u>621 Washington Street, Columbus, IN 47201</u>**

(Name and address of agent for service)

**<u>(812) 376-9444</u>**

Registrant's telephone number, including area code

Date of fiscal year end: **<u>September 30</u>**

Date of reporting period: **<u>March 31, 2026</u>**

**<u>Item 1. Reports to Stockholders.</u>**

(a) ---

| | | |
|:---|:---|:---|
| ![image](img223319_202411081812457.jpg) | **Kirr, Marbach Partners Value Fund**  | ![image](img223318_202505302032445.jpg) |
| ![image](img223319_202411081812457.jpg) | KMVAX  | ![image](img223318_202505302032445.jpg) |
| ![image](img223319_202411081812457.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img223318_202505302032445.jpg) |

---

This semi-annual shareholder report contains important information about the Kirr, Marbach Partners Value Fund for the period of October 1, 2025, to March 31, 2026. You can find additional information about the Fund at https://www.kmpartnersfunds.com. You can also request this information by contacting us at 1-812-376-9444.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| Kirr, Marbach Partners Value Fund | $66 | 1.35% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | | | |
|:---|:---|:---|:---|
| **Net Assets** | $103850477 | **Portfolio Turnover** | 10% |
| **Number of Holdings** | 40 |  |  |

---

**WHAT DID THE FUND INVEST IN?** (% of total investments as of March 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** |  |
|  MasTec, Inc.  | 9.3% |
|  EMCOR Group, Inc.  | 8.5% |
|  Broadcom, Inc.  | 5.9% |
|  Alphabet, Inc.  | 5.3% |
|  Vistra Energy Corp.  | 4.8% |
|  AutoZone, Inc.  | 4.6% |
|  Republic Services, Inc.  | 4.1% |
|  Markel Group, Inc.  | 3.3% |
|  Colliers International Group, Inc.  | 3.1% |
|  Moog, Inc.  | 3.1% |

---

---

| | |
|:---|:---|
| **Industry** |  |
|  Industrial  | 37.1% |
|  Consumer, Cyclical  | 13.7% |
|  Consumer, Non-cyclical  | 13.2% |
|  Technology  | 12.3% |
|  Financial  | 6.6% |
|  Communications  | 6.4% |
|  Energy  | 5.0% |
|  Utilities  | 4.8% |
|  Money Market Fund  | 0.9% |

---

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.kmpartnersfunds.com.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Kirr, Marbach & Company, LLC documents not be householded, please contact Kirr, Marbach & Company, LLC at 1-812-376-9444, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Kirr, Marbach & Company, LLC or your financial intermediary.

Kirr, Marbach Partners Value Fund PAGE 1 TSR-SAR-497647107

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**<u>Item 2. Code of Ethics.</u>**

Not applicable for semi-annual reports.

**<u>Item 3. Audit Committee Financial Expert.</u>**

Not applicable for semi-annual reports.

**<u>Item 4. Principal Accountant Fees and Services.</u>**

Not applicable for semi-annual reports.

**<u>Item 5. Audit Committee of Listed Registrants.</u>**

Not applicable.

**<u>Item 6. Investments.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Schedule of Investments is included within the financial statements filed under Item 7
 of this Form.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**<u>Item 7. Financial Statements and Financial Highlights for Open-End Investment Companies.</u>**

![](kirrlogo.jpg)

**KIRR, MARBACH PARTNERS VALUE FUND** 

**Core Financial Statements and Other Information** 

**March 31, 2026**

------

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
|  | **Page**  |
| **Item 7. Financial Statements and Financial Highlights for Open-End Investment Companies** | **Item 7. Financial Statements and Financial Highlights for Open-End Investment Companies** |
| [Schedule of Investments](#soi) | [1](#soi) |
| [Statement of Assets and Liabilities](#sal) | [3](#sal) |
| [Statement of Operations](#sop) | [4](#sop) |
| [Statement of Changes in Net Assets](#scna) | [5](#scna) |
| [Financial Highlights](#fihi) | [6](#fihi) |
| [Notes to the Financial Statements](#notes) | [7](#notes) |
| [Additional Information](#add) | [11](#add) |
| **[Item 8. Changes in and Disagreements with Accountants for Open-End Investment Companies](#i8)** | [12](#i8) |
| **[Item 9. Proxy Disclosures for Open-End Investment Companies](#i9)** | [13](#i9) |
| **[Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Investment Companies](#i10)** | [14](#i10) |
| **[Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract](#i11)** | [15](#i11) |

---

------

**[**TABLE OF CONTENTS**](#TOC)**

Item 7. Financial Statements and Financial Highlights for Open-End Investment Companies.

**Kirr, Marbach Partners Value Fund** 

**Schedule of Investments** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS - 99.1%**<br>|  |  |
| **Communications - 6.4%**<br>|  |  |
| Alphabet, Inc. - Class A | 19320 | $5555659  |
| Anterix, Inc.<sup>(a)</sup> | 29354 | 1121029  |
|  |  | 6676688  |
| **Consumer, Cyclical - 13.7%**<br>|  |  |
| AutoZone, Inc.<sup>(a)</sup> | 1411 | 4766047  |
| BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | 12350 | 1215487  |
| CarMax, Inc.<sup>(a)</sup> | 25962 | 1079500  |
| Crocs, Inc.<sup>(a)</sup> | 13485 | 1119525  |
| Dollar Tree, Inc.<sup>(a)</sup> | 22725 | 2488615  |
| Live Nation Entertainment, Inc.<sup>(a)</sup> | 10746 | 1638872  |
| Peloton Interactive, Inc. - Class A<sup>(a)</sup> | 125857 | 539926  |
| Visteon Corp. | 14851 | 1353075  |
|  |  | 14201047  |
| **Consumer, Non-cyclical - 13.2%**<br>|  |  |
| API Group Corp.<sup>(a)</sup> | 54762 | 2218956  |
| Brink's Co. | 21197 | 2196645  |
| Colliers International Group, Inc. | 30220 | 3230216  |
| ICU Medical, Inc.<sup>(a)</sup> | 12134 | 1567106  |
| Royalty Pharma PLC - Class A | 57006 | 2734578  |
| Stride, Inc.<sup>(a)</sup> | 20327 | 1792232  |
|  |  | 13739733  |
| **Energy - 5.0%**<br>|  |  |
| Exxon Mobil Corp. | 15230 | 2583922  |
| Marathon Petroleum Corp. | 10650 | 2600517  |
|  |  | 5184439  |
| **Financial - 6.6%**<br>|  |  |
|  Brookfield Asset Management Ltd. - Class A | 21734 | 966076  |
| Brookfield Corp. | 60892 | 2464299  |
| Markel Group, Inc.<sup>(a)</sup> | 1793 | 3431928  |
|  |  | 6862303  |
| **Industrial - 37.1%<sup>(b)</sup>**<br>|  |  |
| Aebi Schmidt Holding AG | 76491 | 742728  |
| Amrize Ltd.<sup>(a)</sup> | 22511 | 1261066  |
| Canadian Pacific Kansas City Ltd. | 38807 | 3052559  |
| CH Robinson Worldwide, Inc. | 5762 | 956895  |
| EMCOR Group, Inc. | 11917 | 8798440  |
| Generac Holdings, Inc.<sup>(a)</sup> | 15018 | 2933466  |
| GXO Logistics, Inc.<sup>(a)</sup> | 43665 | 2264030  |
| MasTec, Inc.<sup>(a)</sup> | 29915 | 9624852  |
| Moog, Inc. - Class A | 10995 | 3217577  |
| Republic Services, Inc. | 19236 | 4213069  |
| StandardAero, Inc.<sup>(a)</sup> | 56283 | 1453790  |
|  |  | 38518472  |
| **Technology - 12.3%**<br>|  |  |
| Broadcom, Inc. | 19862 | 6147488  |
| Constellation Software, Inc. | 1065 | 1873601  |
| Crane NXT Co. | 34524 | 1401329  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;&nbsp; 41110 | $2777803  |
| Topicus.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7725 | 523291  |
|  |  | 12723512  |
| **Utilities - 4.8%**<br>|  |  |
| Vistra Energy Corp. | &nbsp;&nbsp;&nbsp; 33419 | 5023878  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $43,667,158)** |  | 102930072 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts** |  |
| **WARRANTS - 0.0%<sup>(c)</sup>**<br>|  |  |
| **Technology - 0.0%<sup>(c)</sup>**<br>|  |  |
|  Constellation Software, Inc., Expires 03/31/2040, Exercise Price $40.00<sup>(a)(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1465 | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL WARRANTS** <br>**(Cost $0)** |  | 0 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 0.9%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(e)</sup> | 956956 | 956956  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $956,956)** |  | 956956  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.0%** <br>**(Cost $44,624,114)** |  | $103887028  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets - (0.0)%<sup>(c)</sup> |  | (36551)  |
| **TOTAL NET ASSETS - 100.0%** |  | $103850477 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

<sup>(c)</sup> Represents less than 0.05% of net assets.

<sup>(d)</sup> Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of March 31, 2026.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

The accompanying notes are an integral part of these financial statements.

1<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Kirr, Marbach Partners Value Fund** 

**Schedule of Investments** 

**March 31, 2026 (Unaudited)(Continued)** 

**Summary of Fair Value Disclosure as of March 31, 2026** 

Kirr, Marbach Partners Value Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

---

| | |
|:---|:---|
| Level 2 –<br>| Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.<br>|

---

---

| | |
|:---|:---|
| Level 3 –<br>| Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available. <br>|

---

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| <u>Investments:</u><br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $102930072 | $— | $— | $102930072  |
| &nbsp;&nbsp;&nbsp; Warrants |  |  | —<sup>(a)</sup> | —<sup>(a)</sup>  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 956956 |  |  | 956956  |
| **Total Investments** | $103887028 | $— | $—<sup>(a)</sup> | $103887028 |

---

<sup>(a)</sup> Amount is less than $0.50.

Refer to the Schedule of Investments for further disaggregation of investment categories.

The accompanying notes are an integral part of these financial statements.

2<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**KIRR, MARBACH PARTNERS VALUE FUND** 

**STATEMENT OF ASSETS AND LIABILITIES** 

**March 31, 2026 (Unaudited)** 

---

| | |
|:---|:---|
| **ASSETS:**<br>|  |
| Investments in securities, at value | $103887028  |
| Dividends receivable | 17919  |
| Prepaid expenses | 80553  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 103985500  |
| **LIABILITIES:**<br>|  |
| Payable to Adviser for management fees | 88612  |
| Payable for administration and accounting fees | 19482  |
| Payable for professional fees | 11069  |
| Payable for transfer agent fees | 9773  |
| Payable for board of Directors fees | 2984  |
| Payable for custody fees | 2829  |
| Payable for distribution fees | 274  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 135023  |
| **NET ASSETS** | $103850477  |
| **Net Assets Consists of:**<br>|  |
| Capital stock | $38567640  |
| Total distributable earnings | 65282837  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $103850477  |
| Net assets | $103850477  |
| Shares outstanding (500,000,000 shares of $0.01 par value authorized) | 2903429  |
| Net asset value, offering and redemption price per share<sup>(1)</sup> | $35.77  |
| **Cost:**<br>|  |
| &nbsp;&nbsp;&nbsp; Investments, at cost | $44624114 |

---

<sup>(1)</sup> A redemption fee is assessed against shares redeemed within 30 days of purchase.

The accompanying notes are an integral part of these financial statements.

3<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**KIRR, MARBACH PARTNERS VALUE FUND** 

**STATEMENT OF OPERATIONS** 

**For the Six Month Period Ended March 31, 2026 (Unaudited)** 

---

| | |
|:---|:---|
| **INCOME:** <br>|  |
| Dividend income | $340172  |
| Less: Dividend withholding taxes | (7257)  |
| &nbsp;&nbsp;&nbsp; **Total income** | 332915  |
| **EXPENSES:**<br>|  |
| Management fees | 493038  |
| Administration and accounting services | 55548  |
| Distribution fees | 40867  |
| Professional fees | 30619  |
| Transfer agent fees | 18242  |
| Registration fees | 13646  |
| Custodian fees | 11359  |
| Board of Directors fees | 5984  |
| Printing and postage expense | 5116  |
| Other expenses | 3275  |
| &nbsp;&nbsp;&nbsp; Total expenses | 677694  |
| &nbsp;&nbsp;&nbsp; Expense recoupment by Adviser | 61863  |
| &nbsp;&nbsp;&nbsp; Net expenses | 739557  |
| **Net investment income (loss)** | (406642)  |
| **REALIZED AND UNREALIZED GAIN (LOSS):**<br>|  |
| Net realized gain (loss) from:<br>|  |
| &nbsp;&nbsp;&nbsp; Investments | 6927120  |
| Net realized gain (loss)  | 6927120  |
| Net change in unrealized appreciation (depreciation) on:<br>|  |
| &nbsp;&nbsp;&nbsp; Investments | (9673593)  |
| Net change in unrealized appreciation (depreciation) | (9673593)  |
| **Net realized and unrealized gain (loss)** | (2746473)  |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $(3153115) |

---

The accompanying notes are an integral part of these financial statements.

4<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**KIRR, MARBACH PARTNERS VALUE FUND** 

**STATEMENT OF CHANGES IN NET ASSETS** 

---

| | | |
|:---|:---|:---|
|  | **Six Month** <br>**Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025**  |
| **OPERATIONS:**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $(406642) | $(670846)  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 6927120 | 7101309  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) on investments | (9673593) | 13919467  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | (3153115) | 20349930  |
| **CAPITAL SHARE TRANSACTIONS:**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Proceeds from shares sold | 13229210 | 6639637  |
| &nbsp;&nbsp;&nbsp; Proceeds from reinvestment of distributions | 5386589 | 6196174  |
| &nbsp;&nbsp;&nbsp; Payments for shares redeemed | (14669118) | (8193668)  |
| &nbsp;&nbsp;&nbsp; Redemption fees | 3199 | 3517  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets resulting from capital** <br>**share transactions** | 3949880 | 4645660  |
| **DISTRIBUTIONS TO SHAREHOLDERS:** | (5566078) | (6441193)  |
| **Net increase (decrease) in net assets** | (4769313) | 18554397  |
| **NET ASSETS:**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Beginning of period | 108619790 | 90065393  |
| &nbsp;&nbsp;&nbsp; End of period | $103850477 | $108619790  |
| **CHANGES IN SHARES OUTSTANDING:**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 345703 | 187523  |
| &nbsp;&nbsp;&nbsp; Shares issued to holders in reinvestment of distributions | 153377 | 188850  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (401297) | (233821)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in shares outstanding** | 97783 | 142552 |

---

The accompanying notes are an integral part of these financial statements.

5<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**KIRR, MARBACH PARTNERS VALUE FUND** 

**FINANCIAL HIGHLIGHTS** 

**For a Fund share outstanding throughout each period.** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | (Unaudited) <br>**For the** <br>**Six Month** <br>**Period Ended** <br>**March 31, 2026** | **Years Ended September 30,**  | **Years Ended September 30,**  | **Years Ended September 30,**  | **Years Ended September 30,**  | **Years Ended September 30,**  |
|  | (Unaudited) <br>**For the** <br>**Six Month** <br>**Period Ended** <br>**March 31, 2026** | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $38.71 | $33.82 | $25.48 | $21.75 | $26.83 | $19.27  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income (loss)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.14) | (0.24) | (0.18) | (0.07) | (0.22) | (0.14)  |
|  Net realized and unrealized gain (loss) on investments | &nbsp;&nbsp;&nbsp;&nbsp; (0.94) | 7.58 | 9.43 | 4.63 | (3.79) | 8.01  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp; (1.08) | 7.34 | 9.25 | 4.56 | (4.01) | 7.87  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net realized gains | &nbsp;&nbsp;&nbsp;&nbsp; (1.86) | (2.45) | (0.91) | (0.83) | (1.07) | (0.31)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (1.86) | (2.45) | (0.91) | (0.83) | (1.07) | (0.31)  |
| Redemption fee per share | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(b)</sup> | 0.00<sup>(b)</sup> | 0.00<sup>(b)</sup> |  | 0.00<sup>(b)</sup> | 0.00<sup>(b)</sup>  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $35.77 | $38.71 | $33.82 | $25.48 | $21.75 | $26.83  |
| Total return | &nbsp;&nbsp;&nbsp;&nbsp; (2.71)%<sup>(c)</sup> | 22.99% | 37.22% | 21.36% | (15.80)% | 41.12%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $103850 | $108620 | $90065 | $68400 | $59300 | $71900  |
| Ratio of expenses to average net assets:<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment | &nbsp;&nbsp;&nbsp;&nbsp; 1.24%<sup>(d)</sup> | 1.33% | 1.45% | 1.55% | 1.66% | 1.60%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment | &nbsp;&nbsp;&nbsp;&nbsp; 1.35%<sup>(d)</sup> | 1.38%<sup>(e)</sup> | 1.45% | 1.45% | 1.45% | 1.45%  |
|  Ratio of net investment income (loss) to average net assets:<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment | &nbsp;&nbsp;&nbsp;&nbsp; (0.63)%<sup>(d)</sup> | (0.66)% | (0.60)% | (0.36)% | (1.06)% | (0.73)%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment | &nbsp;&nbsp;&nbsp;&nbsp; (0.74)%<sup>(d)</sup> | (0.70)% | (0.60)% | (0.26)% | (0.84)% | (0.58)%  |
| Portfolio turnover rate | &nbsp;&nbsp;&nbsp;&nbsp; 10%<sup>(c)</sup> | 10% | 9% | 10% | 14% | 9% |

---

<sup>(a)</sup> Net investment income (loss) per share has been calculated based on average shares outstanding during the periods.

<sup>(b)</sup> Amount represents less than $0.005 per share.

<sup>(c)</sup> Not annualized.

<sup>(d)</sup> Annualized.

<sup>(e)</sup> Ratio includes the impact of the Adviser contractually agreeing to lower the expense cap from 1.45% to 1.35% of the Fund's average daily net assets as of January 28, 2025. 

The accompanying notes are an integral part of these financial statements.

6<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**KIRR, MARBACH PARTNERS VALUE FUND** 

**NOTES TO THE FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)** 

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Kirr, Marbach Partners Funds, Inc. (the "Corporation") was organized as a Maryland corporation on September 23, 1998 and is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end diversified management investment company issuing its shares in series, each series representing a distinct portfolio with its own investment objective and policies. The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 "Financial Services – Investment Companies." The one series presently authorized is Kirr, Marbach Partners Value Fund (the "Fund"). The investment objective of the Fund is to seek long-term capital growth. The Fund commenced operations on December 31, 1998.

The following is a summary of significant accounting policies consistently followed by the Fund. These policies are in conformity with generally accepted accounting principles in the United States of America ("GAAP").

&nbsp;&nbsp;&nbsp;&nbsp;A) *Investment Valuation* – Securities listed on the Nasdaq National Market are valued at the Nasdaq Official Closing Price ("NOCP").
 Other securities traded on a national securities exchange (including options on indices so traded) are valued at the last sales price
 on the exchange where the security is primarily traded. Exchange- traded securities for which there were no transactions and Nasdaq-traded
 securities for which there is no NOCP are valued at the mean of the bid and asked prices. Securities for which market quotations are not
 readily available are valued at fair value as determined in good faith under the supervision of the Board of Directors. Foreign securities
 have been issued by foreign private issuers registered on United States exchanges in accordance with Section 12 of the Securities Exchange
 Act of 1934. Debt securities, including short-term debt instruments having maturities less than 60 days, are valued at the mean between
 the bid and ask prices as reported by an approved pricing service.

&nbsp;&nbsp;&nbsp;&nbsp;B) *Federal Income Taxes* – A provision, for federal income taxes or excise taxes, has not been made since the Fund has elected to be taxed as
 a "regulated investment company" and intends to distribute substantially all taxable income to its shareholders and otherwise
 comply with the provisions of the Internal Revenue Code applicable to regulated investment companies. There is no tax liability resulting
 from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal
 year ended September 30, 2025, or for any other tax years which are open for exam. As of September 30, 2025, open tax years
 include the tax years ended September 30, 2022 through 2025. The Fund is also not aware of any tax positions for which it is reasonably
 possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund recognizes
 interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the
 six month period ended March 31, 2026, the Fund did not incur any interest or penalties.

&nbsp;&nbsp;&nbsp;&nbsp;C) *Income and Expenses* – The Fund is charged for those expenses that are directly attributable to the Fund, such as advisory, administration
 and certain shareholder service fees.

&nbsp;&nbsp;&nbsp;&nbsp;D) *Use of Estimates* – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that
 affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
 statements and the reported amounts of revenues and expenses during the reporting year. Actual results could differ from those estimates.

&nbsp;&nbsp;&nbsp;&nbsp;E) *Repurchase Agreements* – The Fund may enter into repurchase agreements with certain banks or non-bank dealers. The Adviser will monitor,
 on an ongoing basis, the value of the underlying securities to ensure that the value always equals or exceeds the repurchase price plus
 accrued interest.

&nbsp;&nbsp;&nbsp;&nbsp;F) *Security Transactions, Investment Income and Distributions* – The Fund follows industry practice and records security transactions on the trade date.
 Realized gains and losses on sales of securities are calculated on the basis of identified cost. Dividend income is recorded on the ex-dividend
 date and interest income is recorded on an accrual basis. Withholding taxes on foreign dividends have been provided for in accordance
 with the Fund's understanding of the applicable country's tax rules and regulations. Discounts and premiums on securities
 purchased are amortized over the expected life of the respective securities.

7<br>

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**KIRR, MARBACH PARTNERS VALUE FUND** 

**NOTES TO THE FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

The Fund distributes all net investment income, if any, and net realized capital gains, if any, annually. Distributions to shareholders are recorded on the ex-dividend date. The treatment for financial reporting purposes of distributions made to shareholders during the year from net investment income or net realized capital gains may differ from their ultimate treatment for federal income tax purposes. These differences are caused primarily by differences in the timing of the recognition of certain components of income, expense or realized capital gain for federal income tax purposes. Where such differences are permanent in nature, GAAP requires that they be reclassified in the components of the net assets based on their ultimate characterization for federal income tax purposes. Any such reclassifications will have no effect on net assets, results of operations or net asset values per share of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;G) *Market Events Risk* – Certain local, regional or global events such as war, acts of terrorism, the spread of infectious illnesses and/or
 other public health issues, or other events may have a significant impact on a security or instrument. These types of events and other
 like them are collectively referred to as "Market Disruptions and Geopolitical Risks" and they may have adverse impacts on
 the worldwide economy, as well as the economies of individual countries, the financial health of individual companies and the market in
 general in significant and unforeseen ways. Some of the impacts noted in recent times include but are not limited to embargos, political
 actions, supply chain disruptions, restrictions to investment and/or monetary movement including the forced selling of securities or the
 inability to participate impacted markets. The duration of these events could adversely affect the Fund's performance, the performance
 of the securities in which the Fund invests and may lead to losses on your investment. The ultimate impact of "Market Disruptions
 and Geopolitical Risks" on the financial performance of the Fund's investments is not reasonably estimable at this time. Management
 is actively monitoring these events.

&nbsp;&nbsp;&nbsp;&nbsp;H) *Subsequent Events* – Management has evaluated Fund related events and transactions that occurred subsequent to March 31, 2026 through
 the date of issuance of the Fund's financial statements and has determined there were no other subsequent events or transactions.

&nbsp;&nbsp;&nbsp;&nbsp;I) *Segment Reporting* – Management already evaluated the impact of adopting ASU 2023-07, *Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures*, with respect to the financial statements and disclosures and determined there is
 no material impact for the Funds. Each Fund operates as a single segment entity. Each Fund's income, expenses, assets, and performance
 are regularly monitored and assessed by the Principal Executive Officer and Principal Financial Officer of the Funds, who serve as the
 chief operating decision makers, using the information presented in the financial statements and financial highlights.

2. INVESTMENT TRANSACTIONS

The aggregate purchases and sales of securities, excluding short-term investments, by the Fund for the six month period ended March 31, 2026 were as follows:

---

| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales**  |
| U.S. Government | $— | $—  |
| Other | 11069658  | 12494552 |

---

8<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**KIRR, MARBACH PARTNERS VALUE FUND** 

**NOTES TO THE FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

3. FEDERAL INCOME TAXES

At September 30, 2025, the Fund's most recently completed fiscal year end, the components of distributable earnings on a tax basis were as follows:

---

| | |
|:---|:---|
| Cost of Investments | $39125802  |
| Gross unrealized appreciation | 71707703  |
| Gross unrealized depreciation | (2126663)  |
| Net unrealized appreciation | 69581040  |
| Undistributed ordinary income  | —  |
| Undistributed long-term capital gains | 5566070  |
| Total distributable earnings | 5566070  |
| Other accumulated losses  | (1145080)  |
| Total accumulated earnings  | $74002030 |

---

As of September 30, 2025, the Fund did not have any capital loss carryovers. A regulated investment company may elect for any taxable year to treat any portion of any qualified late year loss as arising on the first day of the next taxable year. Qualified late year losses are certain capital, and ordinary losses which occur during the portion of the Fund's taxable year subsequent to October 31. For the taxable year ended September 30, 2025, the Fund had $1,145,047 in qualified late year losses.

The tax character of distributions paid during the six month period ended March 31, 2026, were as follows:

---

| | | |
|:---|:---|:---|
| **Ordinary** <br>**Income\*** | **Long-Term** <br>**Capital Gains\*\*** | **Total**  |
| $— | &nbsp;&nbsp; $5566078 | $5566078 |

---

The tax character of distributions paid during the year ended September 30, 2025, were as follows:

---

| | | |
|:---|:---|:---|
| **Ordinary** <br>**Income\*** | **Long-Term** <br>**Capital Gains\*\*** | **Total**  |
| $— | &nbsp;&nbsp; $6441193 | $6441193 |

---

\* For federal income tax purposes, distributions of short-term capital gains are treated as ordinary income distributions.

\*\* The Fund also designates as distributions of long-term gains, to the extent necessary to fully distribute such capital gains, earnings, and profits distributed to shareholders on the redemption of shares.

4. AGREEMENTS

The Fund has entered into an Investment Advisory Agreement with Kirr, Marbach & Company, LLC (the "Adviser"). Pursuant to its advisory agreement with the Fund, the Adviser is entitled to receive a fee, calculated daily and payable monthly, at the annual rate of 0.90% as applied to the Fund's daily net assets. Prior to January 28, 2025, the annual advisory fee was equal to 1.00% of the Fund's average daily net assets.

The Adviser has contractually agreed to waive its management fee and/or reimburse the Fund's other expenses to the extent necessary to ensure that the Fund's total annual operating expenses (excluding acquired fund fees and expenses, interest, taxes, brokerage commissions and extraordinary expenses) do not exceed 1.35% of its average daily net assets until February 28, 2027. Prior to January 28, 2025, the expense limitation cap was 1.45% of the Fund's average daily net assets. The Adviser may decide to continue the agreement, or revise the total annual operating expense limitations after February 28, 2027. Any waiver or reimbursement is subject to later adjustment to allow the Adviser to recoup amounts waived or reimbursed to the extent actual fees and expenses for a period are less than the expense

9<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**KIRR, MARBACH PARTNERS VALUE FUND** 

**NOTES TO THE FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

limitation cap of 1.35%, provided, however, that the Adviser shall only be entitled to recoup such amounts for a period of thirty-six months following the date on which such fee waiver or expense reimbursement was made. Waived/reimbursed fees and expenses subject to potential recovery by month of expiration are as follows:

---

| | |
|:---|:---|
| **Year of expiration** | **Amount**  |
| April 2026 - September 2026 | $4358  |
| October 2026 - September 2027 | 31774  |
| October 2027 - September 2028  | 637 |
|  | $36769 |

---

During the six month period ended March 31, 2026, the Adviser recouped previously waived expenses of $61,863. At the end of each fiscal year in the future, the Fund will continue to assess the potential recovery of waived/reimbursed fees and expenses for financial reporting purposes.

Quasar Distributors, LLC, (the "Distributor"), a wholly-owned broker-dealer subsidiary of Foreside serves as principal underwriter of the shares of the Fund and is not affiliated with U.S. Bancorp. The Board of Directors of the Fund has approved a new Distribution Agreement to enable Quasar to continue serving as the Fund's distributor. The Fund's shares are sold on a no-load basis and, therefore, the Distributor receives no sales commission or sales load for providing services to the Fund. The Corporation has adopted a plan pursuant to Rule 12b-1 under the 1940 Act (the "12b-1 Plan"), which authorizes the Corporation to pay the Distributor and certain financial intermediaries who assist in distributing the Fund shares or who provided shareholder services to Fund shareholders a distribution and shareholder servicing fee of up to 0.25% of the Fund's average daily net assets (computed on an annual basis). All or a portion of the fee may be used by the Fund or the Distributor to pay its distribution fee and costs of printing reports and prospectuses for potential investors and the costs of other distribution and shareholder servicing expenses. During the six month period ended March 31, 2026, the Fund incurred expenses of $40,867 pursuant to the 12b-1 Plan.

U.S Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services (the "Administrator"), serves as transfer agent, administrator and accounting services agent for the Fund. U.S. Bank, N.A. serves as custodian for the Fund.

The Fund imposes a 1.00% redemption fee on shares held 30 days or less. For the six month period ended

March 31, 2026 and the year ended September 30, 2025, the Fund collected $3,199 and $3,517, respectively, in redemption fees.

10<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**KIRR, MARBACH PARTNERS VALUE FUND** 

**ADDITIONAL INFORMATION** 

**March 31, 2026 (Unaudited)** 

**AVAILABILITY OF FUND PORTFOLIO INFORMATION** 

The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Part F of Form N-PORT, which is available on the SEC's website at www.sec.gov. The Fund's Part F of Form N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington D.C. For information on the Public Reference Room call 1-800-SEC-0330.

**AVAILABILITY OF PROXY VOTING INFORMATION** 

Both a description of the Fund's Proxy Voting Policies and Procedures and information about the Fund's proxy voting record will be available (1) without charge, upon request, by calling 1-800-870-8039, and (2) on the SEC's website at www.sec.gov.

11<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Item 8. Changes in and Disagreements with Accountants for Open-End Investment Companies. (Unaudited)** 

There were no changes in or disagreements with accountants during the period covered by this report.

12<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Item 9. Proxy Disclosure for Open-End Investment Companies. (Unaudited)** 

There were no matters submitted to a vote of shareholders during the period covered by this report.

13<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Investment Companies. (Unaudited)** 

See Statement of Operations within Item 7.

14<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract. (Unaudited)** 

On November 17, 2025, at an in-person meeting of the Board of Directors of the Kirr, Marbach Partners Fund, Inc. (the "Corporation"), the directors, including a majority of the disinterested directors, approved the continuation of the investment advisory agreement dated June 10, 2005 (the "Advisory Agreement") between the Corporation and Kirr, Marbach & Company, LLC (the "Adviser"). It was noted that, as described in the Adviser's memorandum, the Adviser has significant experience providing investment advice and is qualified to provide investment advisory services to the Fund. In addition, it was noted that the Adviser promoted a culture of compliance. The directors noted the Fund had outperformed its benchmark especially for the one-year, three-year and five -year periods ending September 30, 2025. The directors considered the Adviser's explanation for the Fund's overall performance, as well as the Adviser's value-based philosophy and long-term history of rebounding from periods of underperformance. The directors also noted that a significant percentage of the Fund is owned by Adviser insiders and therefore the directors feel that the Adviser's interests are aligned with other Fund shareholders. The directors considered information relating to the Fund's fees, costs and expense ratios and compared such fees, costs and expense ratios to competitive industry fee structures and expense ratios. Specifically, the directors reviewed charts prepared by the administrator based on data compiled by a nationally recognized third-party comparative data provider. In connection with this, the directors also considered the control of the Fund's operating expenses through the expense cap agreement and noted that the current expense cap agreement maintains an overall reasonable total expense level as evidenced by the comparative data presented at the meeting. In addition, the Board noted that the Adviser is providing substantially similar investment advisory services to the Fund and its other separate account clients and, with the current expense cap arrangement in place, is providing such services to the Fund at substantially similar rates to those charged to the Adviser's other clients. The directors considered whether the Adviser would receive any fall-out benefits through its relationship with the Fund, and it was noted that because none of the other service providers to the Fund are affiliated with the Adviser, there are no identifiable material fall-out benefits accruing to the Adviser. The directors considered the Adviser's cost of providing services to the Fund and the profitability of its relationship to the Fund. It was noted that the Adviser's profitability was in line with its profitability for providing investment advice to its separate account clients given the current expense cap agreement, and the directors noted that the Adviser's profit in connection with its services to the Fund appeared reasonable. The directors considered whether economies of scale were being realized that could justify reduced expenses for the Fund. During the deliberations, the disinterested directors did not identify any single consideration or particular piece of information that was all important or controlling in determining whether to approve the revised Advisory Agreement. The disinterested directors evaluated all information presented to them and determined that the Advisory fee of 0.90% (reduced from 1.00%, effective January 28, 2025), was fair and reasonable in light of the services to be performed.

15<br>

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**[**TABLE OF CONTENTS**](#TOC)**

Directors

Mark Foster, CFA

Mickey Kim, CFA

Jeffrey N. Brown

John Elwood

Thomas J. Thornburg

Principal Officers

Mark D. Foster, CFA, President

Mickey Kim, CFA, Vice President, Treasurer and Secretary

Investment Adviser

Kirr, Marbach & Company, LLC

621 Washington Street

Columbus, IN 47201

Distributor

Quasar Distributors, LLC

3 Canal Plaza, Suite 100

Portland, ME 04101

Custodian

U.S. Bank, N.A.

1555 North RiverCenter Drive, Suite 302

Milwaukee, WI 53212

Administrator, Transfer Agent And

Dividend – Disbursing Agent

U.S. Bancorp Fund Services, LLC

615 E. Michigan Street

Milwaukee, WI 53202

Independent Registered Public Accounting Firm

Tait, Weller & Baker LLP

Two Liberty Place

50 South 16th Street, Suite 2900

Philadelphia, PA 19102

Legal Counsel

Kirkland & Ellis LLP

1301 Pennsylvania Avenue, N.W.

Washington, D.C. 20004

**<u>Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</u>**

Not applicable to open-end investment companies.

**<u>Item 13. Portfolio Managers of Closed-End Management Investment Companies.</u>**

 

Not applicable to open-end investment companies.

**<u>Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</u>**

Not applicable to open-end investment companies.

**<u>Item 15. Submission of Matters to a Vote of Security Holders.</u>**

Not applicable.

**<u>Item 16. Controls and Procedures.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's Principal Executive Officer and Principal Financial Officer have
 reviewed the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940
 (the "Act")) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules
 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure
 controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded,
 processed, summarized and reported and made known to them by others within the Registrant and by the Registrant's service provider.

&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no changes in the Registrant's internal control over financial reporting
 (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are
 reasonably likely to materially affect, the Registrant's internal control over financial reporting.

**<u>Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>**

Not applicable to open-end investment companies.

 

**<u>Item 18. Recovery of Erroneously Awarded Compensation.</u>**

Not applicable.

**<u>Item 19. Exhibits.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* (1) *Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit.* Not Applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) *Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant's securities are listed.* Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(3) *A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)).* Filed herewith.](km-efp24222_ex99cert.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) *Any written solicitation to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons.* Not applicable to open-end investment companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(5) Change in the registrant's independent public accountant. Provide the information called for by Item 4 of Form 8-K under the Exchange Act (17 CFR 249.308). Unless otherwise specified by Item 4, or related to and necessary for a complete understanding of information not previously disclosed, the information should relate to events occurring during the reporting period.* Not applicable to open-end investment companies.

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* [*Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* Furnished herewith.](km-efp24222_ex99906cert.htm)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant) Kirr, Marbach Partners Funds, Inc.

---

| | |
|:---|:---|
| By (Signature and Title) | /s/ Mark Foster |
|  | Mr. Mark Foster, Principal Executive Officer |

---

Date <u>5/22/2026</u>

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By (Signature and Title) | /s/ Mark Foster |
|  | Mr. Mark Foster, Principal Executive Officer |

---

Date <u>5/22/2026</u>

---

| | |
|:---|:---|
| By (Signature and Title) | /s/ Mickey Kim |
|  | Mr. Mickey Kim, Principal Financial Officer |

---

Date <u>5/22/2026</u>

## Ex-99.Cert

**EX.99.CERT**

**<u>CERTIFICATIONS</u>**

I, Mr. Mark Foster, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I
 have reviewed this report on Form N-CSR of Kirr, Marbach Partners Funds, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based
 on my knowledge, this report does not contain any untrue statement of a material fact or
 omit to state a material fact necessary to make the statements made, in light of the circumstances
 under which such statements were made, not misleading with respect to the period covered
 by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based
 on my knowledge, the financial statements, and other financial information included in this
 report, fairly present in all material respects the financial condition, results of operations,
 changes in net assets, and cash flows (if the financial statements are required to include
 a statement of cash flows) of the registrant as of, and for, the periods presented in this
 report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The
 registrant's other certifying officer(s) and I are responsible for establishing and
 maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment
 Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d)
 under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed
 such disclosure controls and procedures, or caused such disclosure controls and procedures
 to be designed under our supervision, to ensure that material information relating to the
 registrant, including its consolidated subsidiaries, is made known to us by others within
 those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed
 such internal control over financial reporting, or caused such internal control over financial
 reporting to be designed under our supervision, to provide reasonable assurance regarding
 the reliability of financial reporting and the preparation of financial statements for external
 purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated
 the effectiveness of the registrant's disclosure controls and procedures and presented
 in this report our conclusions about the effectiveness of the disclosure controls and procedures,
 as of a date within 90 days prior to the filing date of this report based on such evaluation;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed
 in this report any change in the registrant's internal control over financial reporting
 that occurred during the period covered by this report that has materially affected, or is
 reasonably likely to materially affect, the registrant's internal control over financial
 reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The
 registrant's other certifying officer(s) and I have disclosed to the registrant's
 auditors and the audit committee of the registrant's board of directors (or persons
 performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 significant deficiencies and material weaknesses in the design or operation of internal control
 over financial reporting which are reasonably likely to adversely affect the registrant's
 ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any
 fraud, whether or not material, that involves management or other employees who have a significant
 role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 5/22/2026 | /s/ Mark Foster |
|  |  | Mr. Mark Foster |
|  |  | Principal Executive Officer |

---

**<u>CERTIFICATIONS</u>**

I, Mr. Mickey Kim, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I
 have reviewed this report on Form N-CSR of Kirr, Marbach Partners Funds, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based
 on my knowledge, this report does not contain any untrue statement of a material fact or
 omit to state a material fact necessary to make the statements made, in light of the circumstances
 under which such statements were made, not misleading with respect to the period covered
 by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based
 on my knowledge, the financial statements, and other financial information included in this
 report, fairly present in all material respects the financial condition, results of operations,
 changes in net assets, and cash flows (if the financial statements are required to include
 a statement of cash flows) of the registrant as of, and for, the periods presented in this
 report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The
 registrant's other certifying officer(s) and I are responsible for establishing and
 maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment
 Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d)
 under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed
 such disclosure controls and procedures, or caused such disclosure controls and procedures
 to be designed under our supervision, to ensure that material information relating to the
 registrant, including its consolidated subsidiaries, is made known to us by others within
 those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed
 such internal control over financial reporting, or caused such internal control over financial
 reporting to be designed under our supervision, to provide reasonable assurance regarding
 the reliability of financial reporting and the preparation of financial statements for external
 purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated
 the effectiveness of the registrant's disclosure controls and procedures and presented
 in this report our conclusions about the effectiveness of the disclosure controls and procedures,
 as of a date within 90 days prior to the filing date of this report based on such evaluation;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed
 in this report any change in the registrant's internal control over financial reporting
 that occurred during the period covered by this report that has materially affected, or is
 reasonably likely to materially affect, the registrant's internal control over financial
 reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The
 registrant's other certifying officer(s) and I have disclosed to the registrant's
 auditors and the audit committee of the registrant's board of directors (or persons
 performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 significant deficiencies and material weaknesses in the design or operation of internal control
 over financial reporting which are reasonably likely to adversely affect the registrant's
 ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any
 fraud, whether or not material, that involves management or other employees who have a significant
 role in the registrant's internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 5/22/2026 | /s/ Mickey Kim |
|  |  | Mr. Mickey Kim |
|  |  | Principal Financial Officer |

---

## Exhibit 99.906

**EX.99.906CERT**

**<u>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</u>**

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of the Kirr, Marbach Partners Funds, Inc., does hereby certify, to such officer's knowledge, that the report on Form N-CSR of the Kirr, Marbach Partners Funds, Inc. for the period ended March 31, 2026 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable, and that the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Kirr, Marbach Partners Funds, Inc. for the stated period.

---

| | |
|:---|:---|
| /s/ Mark Foster | /s/ Mickey Kim |
| Mr. Mark Foster | Mr. Mickey Kim |
| Principal Executive Officer, | Principal Financial Officer, |
| Kirr, Marbach Partners Funds, Inc. | Kirr, Marbach Partners Funds, Inc. |

---

Dated: <u>5/22/2026</u> Dated: <u>5/22/2026</u>

This statement accompanies this report on Form N-CSR pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed as filed by Kirr, Marbach Partners Funds, Inc. for purposes of Section 18 of the Securities Exchange Act of 1934.