Kirloskar Oil Engines Limited ( kirloskar oil engines ) disclosed the voting results of its 17th Annual General Meeting held on August 7, 2026, confirming that all six resolutions were passed with requisite majorities. The meeting, conducted via Video Conferencing or Other Audio Visual Means, saw shareholders approve a total dividend payout of ₹7 per equity share for FY26, comprising an interim dividend of ₹2.50 per share (125%) and a final dividend of ₹4.50 per share (225%). This distribution underscores the company’s commitment to shareholder returns following the adoption of its audited standalone and consolidated financial statements.

The voting process was scrutinized by Manasi Paradkar & Associates, pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was open from August 4, 2026, at 9:00 am IST to August 6, 2026, at 5:00 pm IST, with additional e-voting available during the meeting. The record date for determining voting eligibility was July 31, 2026, when there were 136,519 shareholders on record.

Voting Results Overview

Shareholder participation was robust, with approximately 72.66% of outstanding shares polled across all resolutions. The promoter group, holding 59,705,363 shares, voted in favor of all resolutions without any dissenting votes. Public institutional investors and non-institutional public shareholders also demonstrated strong support for management proposals.

Governance and Board Continuity

Under ordinary business, shareholders approved the re-appointment of Mr. Rahul C. Kirloskar (DIN 00007319), who retires by rotation, as a director. The resolution received 99.30% support, with 104,991,575 votes in favor and 738,425 against. Notably, some shareholders split their holdings to vote both for and against the resolution, resulting in a higher count of members voting than unique folios.

The Board also secured approval for the re-appointment of M/s. G. D. Apte & Co., Chartered Accountants, as Statutory Auditors for a second consecutive term of five years. This resolution garnered 99.99% support, reflecting strong confidence in the current audit firm. Additionally, the remuneration payable to Cost Auditors, M/s. Parkhi Limaye & Co., Cost Accountants, Pune, was ratified for the financial year ending March 31, 2027.

A significant governance update was the re-appointment of Mr. Yogesh Kapur (DIN 00070038) as an Independent Director under special business. His second term of five consecutive years is set to commence on September 29, 2026. While this resolution passed with 85.35% support, it faced notable opposition from public institutional investors, who voted against the proposal at a rate of 33.59%. However, overwhelming support from promoters and non-institutional public shareholders ensured its passage.

What the Numbers Show

The near-unanimous support for financial and audit-related resolutions indicates strong alignment between management and shareholders on core governance matters. The slight dissent on Mr. Kapur’s re-appointment highlights ongoing scrutiny of independent director tenures, though the overall outcome maintains board stability. The high participation rate of 72.66% suggests active engagement from the investor base, particularly from promoter and institutional segments.

Kirloskar Oil Engines Limited's wholly owned subsidiary, Kirloskar Americas Corporation, USA, has completed the acquisition of 4,900 units representing a 49% stake in Engines LPG, LLC dba Wildcat Power Gen, USA. The transaction was executed on August 6, 2026 (US time — end of the day), equivalent to August 7, 2026 IST, for a cash consideration of USD 0.15 mn. With this acquisition, Wildcat Power Gen has become a wholly owned subsidiary of Kirloskar Americas Corporation and a step-down subsidiary of Kirloskar Oil Engines Limited.

Acquisition at a Glance

The following table summarises the key parameters of the transaction:

The transaction was carried out on an arm's length basis between Kirloskar Americas Corporation, USA and the existing unitholders of Wildcat Power Gen. Kirloskar Americas Corporation had held a 51% controlling stake in the company since November 29, 2023, and this acquisition consolidates the remaining interest.

About Engines LPG, LLC dba Wildcat Power Gen

Engines LPG, LLC dba Wildcat Power Gen is a US-based genset original equipment manufacturer (OEM) incorporated on August 30, 2013. The company operates as a specialised US OEM providing EPA-certified commercial and industrial generator sets and behind-the-meter power solutions across North America. Its key segments served include data centres, telecom, microgrids, emergency services, rentals and prime power, retail distribution, and utilities. Core product lines include Optiprime and Optiprime Hybrid Power System offerings ranging from 10 kW to 7.2 MW across Natural Gas and Diesel configurations.

The company has reported strong revenue growth over the past three fiscal years, as detailed below:

For FY 2026, Wildcat Power Gen reported a total income of USD 4.71 mn (INR 44.9 Crore), based on the reference exchange rate of 1 USD = 95.3487 INR as of August 4, 2026.

Strategic Rationale

The acquisition of the remaining 49% stake consolidates 100% ownership in Wildcat Power Gen, enabling streamlined governance and swift strategic decision-making under Kirloskar Americas Corporation. The move is intended to facilitate seamless integration of research and development, technology, and global supply chain operations into Wildcat Power Gen. It also provides operational flexibility to directly scale North American expansion activities.

Regulatory and Compliance Details

The disclosure has been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including amendments thereunder, and in accordance with SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Approvals from relevant regulatory and statutory authorities, as applicable, are required for the acquisition. The transaction was originally scheduled for completion by September 30, 2026, as intimated vide letter dated August 6, 2026, and has since been completed ahead of schedule.