Kirloskar Oil Engines Limited has announced the opening of a special window for transfer and dematerialisation of physical securities, in compliance with SEBI regulations. The company published its second notice in newspapers on April 6, 2026, following an earlier communication dated February 7, 2026.

SEBI Circular Implementation

The special window has been established pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. This facility is specifically designed for physical securities that were sold or purchased prior to April 1, 2019.

Eligibility Criteria

The company has provided a detailed eligibility matrix for shareholders to determine their qualification for the special window. The eligibility depends on multiple factors including execution date of transfer deed, previous lodgement status, and availability of original security certificates.

Transfer Conditions and Restrictions

Shares transferred through this special window will be subject to specific conditions. All transferred securities will be credited exclusively in dematerialised form, with no option for physical certificates. The company has implemented a mandatory lock-in period of one year from the date of registration of transfer.

During the lock-in period, the following restrictions apply:

• Securities cannot be transferred
• Lien-marking is prohibited
• Pledging of securities is not permitted
• Securities transferred to Investor Education and Protection Fund (IEPF) are excluded from this window

Application Process

Eligible shareholders must submit their requests along with requisite documents to either the company directly or through MUFG Intime India Private Limited, the appointed Registrar and Transfer Agent. The RTA, formerly known as Link Intime India Private Limited, will process applications at their Pune office.

The advertisement and circular details are available on the company's website at www.kirloskaroilengines.com . Shareholders are advised to review the complete SEBI circular and submit their applications within the stipulated timeframe to avoid any processing delays.

Kirloskar Oil Engines has officially incorporated its new wholly owned subsidiary, completing a strategic expansion into defence and railways sectors. The company received the certificate of incorporation for "Kirloskar Advanced Systems Private Limited" (KASPL) on March 30, 2026, from the Registrar of Companies, Central Registration Centre.

Official Incorporation Details

The subsidiary has been formally established with complete regulatory approval and compliance. Key incorporation parameters include:

Investment and Share Structure

The holding company has committed substantial investment to establish the new subsidiary with a robust capital structure:

Business Focus and Operations

Kirloskar Advanced Systems Private Limited will operate in the engineering and industrial equipment sector, with specialized focus on defence and railways segments. The subsidiary will engage in comprehensive business activities including:

Core Business Activities

• Design, development, and manufacturing of industrial equipment
• Assembly, testing, and supply of engineering systems
• Import and export operations for industrial components
• Annual Maintenance Contract (AMC) services
• Supply of engines, power generating sets, and motors

Target Sectors

The subsidiary will specifically serve defence and railways sectors, providing specialized equipment including platforms, systems, sub-systems, unmanned systems, integrated systems, and related components.

Regulatory Compliance

The incorporation has received necessary approvals from the Ministry of Corporate Affairs. As the subsidiary will operate as a solutions provider to India's defence sector, additional licenses and approvals from relevant regulatory authorities will be obtained as required during business operations, ensuring full compliance with applicable laws.

This strategic subsidiary formation represents Kirloskar Oil Engines' commitment to diversifying into high-growth specialized sectors that leverage the company's engineering expertise and technical capabilities.