Kirloskar Oil Engines Limited has incorporated Kirloskar International B.V. as a wholly owned subsidiary in the Netherlands. The certificate of formation is dated October 1, 2026.

This development follows the company's earlier communication dated May 14, 2026, regarding the planned incorporation of the subsidiary. The new entity has been assigned Registration Number (CCI Number) 42180717.

Regulatory Disclosure Details

The incorporation was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that all other details provided in Annexure A of the May 14, 2026 letter remain unchanged.

The filing was signed by Farah Tehmton Irani, Company Secretary and Compliance Officer, for Kirloskar Oil Engines Limited.

Kirloskar Oil Engines completed the acquisition of 100% equity in Kirloskar Trading SA (PTY) Limited (KTSPL) through its wholly owned subsidiary, Kirloskar International ME FZE (KIME), effective October 1, 2026.

The transaction involved a total investment of approximately ₹8 crore by the parent company into KIME. Out of this amount, KIME utilised approximately ₹5.5 crore, subject to closing adjustments, towards the purchase of KTSPL shares. The final consideration for the share purchase agreement executed on September 30, 2026, was fixed at ₹8.25 crore (ZAR 14.08 million).

Transaction structure and timeline

The acquisition process was initiated following board approval for investing in KIME by purchasing 3,200 equity shares at AED 1,000 per share, aggregating to AED 3.2 million. The indicative timeline for completion was initially set for June 30, 2026, and later revised to September 30, 2026.

With the execution of all necessary procedural documents, KTSPL has become a wholly owned subsidiary of KIME and a step-down subsidiary of Kirloskar Oil Engines. The company confirmed that all other details provided in its earlier regulatory filings remain unchanged.

Key deal metrics

Strategic implications

This acquisition integrates a promoter group company into the corporate structure as a step-down subsidiary. The move consolidates operations under the KIME umbrella, which is based in the UAE. The transaction was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.