Kirloskar Oil Engines Completes KTSPL Acquisition

Date: 1st October 2026

Investment and Acquisition Details

Kirloskar Oil Engines Limited has completed its investment of approximately INR 8 Crore in Kirloskar International ME FZE, UAE (KIME), its wholly owned subsidiary. The investment was made through the purchase of 3200 Equity Shares of KIME at AED 1000 per share, totaling AED 3.2 million.

Out of this amount, approximately INR 5.5 Crore (subject to closing adjustments) was utilized by KIME for the purchase of 100% equity shares of Kirloskar Trading SA (PTY) Limited, Johannesburg, South Africa (KTSPL), which was previously a Promoter Group Company of KOEL.

Transaction Completion

A Share Purchase Agreement for the acquisition of 100% equity shares of KTSPL by KIME was executed on 30th September 2026 for a consideration of INR 8.25 Crore (ZAR 14.08 MN).

All necessary transaction and procedural documents for the acquisition have been successfully executed by the parties. Consequently, KIME now holds 100% equity shares of KTSPL, making KTSPL a wholly owned subsidiary of KIME and a step-down subsidiary of Kirloskar Oil Engines Limited, effective from 1st October 2026.