Kirloskar Oil Engines Delays KIME Investment to Sept 2026

Date: 30th June 2026

Investment / Strategic Actions

Kirloskar Oil Engines Limited provides an update on its previously approved investment of approximately INR 8 Crore in Kirloskar International ME FZE (KIME), UAE, its wholly owned subsidiary.

The investment structure involves:

• Purchase of 3200 Equity Shares of KIME at AED 1000 per share
• Aggregate consideration of AED 3.2 million
• KIME will utilize approximately INR 5.5 Crore (subject to closing adjustments) to purchase 100% equity shares of Kirloskar Trading SA (PTY) Limited (KTSPL), Johannesburg, South Africa

KTSPL is identified as a Promoter Group Company of Kirloskar Oil Engines Limited (KOEL).

Timeline Update

The company had previously communicated an indicative completion timeline of 30th June 2026 via letter dated 11th February 2026. This announcement extends the completion deadline to on or before 30th September 2026.

Corporate Structure Impact

Upon completion of the transaction:

• KTSPL will become a wholly owned subsidiary of KIME
• KTSPL will become a step-down subsidiary of Kirloskar Oil Engines Limited