Kirloskar Oil Engines Acquires 49% Stake in Wildcat Power

Date: 6th August 2026

The Board of Directors at its meeting held on 6th August 2026 approved the acquisition of 4900 units (49% stake) of Engines LPG, LLC dba Wildcat Power Gen, USA by Kirloskar Americas Corporation, USA
The meeting commenced at 1:45 PM and concluded at 4:45 PM

Target Entity: Engines LPG, LLC dba Wildcat Power Gen, USA (a subsidiary of Kirloskar Americas Corporation, USA and step-down subsidiary of KOEL)

Transaction Structure:

Acquisition of 49% stake for consideration of USD 31 per unit
Total consideration: USD 0.15 million (approximately INR 14.30 crore at exchange rate 1 USD = 95.3487 INR as of 4th August 2026)
Acquiring entity: Kirloskar Americas Corporation, USA (wholly owned subsidiary of KOEL)
Post-acquisition ownership: 100% controlling stake by KAC, making it wholly owned subsidiary of KAC and step-down subsidiary of KOEL

Related Party Transaction:

The transaction is between Kirloskar Americas Corporation, USA (KAC) and its subsidiary Engines LPG, LLC
Classified as related party transaction but conducted at arm's length basis

Target Business Profile:

Industry: Power generation equipment manufacturing & service
Incorporation Date: 30th August 2013
Business: U.S.-based genset original equipment manufacturer (OEM)
Market Positioning: Specialized U.S. OEM providing EPA-certified commercial/industrial generator sets and behind the meter power solutions across North America
Key Segments Served: Data Centers, Telecom, microgrids, emergency services, rentals/prime power, retail distribution and utilities
Core Product Lines: Optiprime & Optiprime Hybrid Power System offerings ranging from 10 kW to 7.2 MW across Natural Gas and Diesel
Operations: Aftermarket, Service & Manufacturing Operations

Financial Performance:

FY 2024 Revenue: USD 0.36 million
FY 2025 Revenue: USD 2.64 million
FY 2026 Revenue: USD 4.71 million (INR 44.9 Crore)
Significant growth trajectory from USD 0.36 million to USD 4.71 million over three years

Strategic Rationale:

Consolidates 100% ownership, enabling swift strategic decision-making and streamlined governance under KAC
Allows seamless integration of R&D, technology, and global supply chain into Wildcat
Provides operational flexibility to directly scale North American expansion
Aligns with main line of business of the listed entity (power generation equipment)