Regulatory Disclosure Summary

Transaction Details

Kirloskar Americas Corporation, USA (KAC), a wholly owned subsidiary of Kirloskar Oil Engines Limited (KOEL), acquired 4,900 units (representing 49% stake) of Engines LPG, LLC dba Wildcat Power Gen, USA. The acquisition was completed on 6th August 2026 US time (end of day), which corresponds to 7th August 2026 IST.

Financial Considerations

  • Acquisition price: USD 31 per unit
  • Total consideration: USD 151,900 (4,900 units × USD 31)
  • Exchange rate reference: RBI reference rate as of 4th August 2026 (1 USD = 95.3487 INR)

Target Entity Information

  • Name: Engines LPG, LLC dba Wildcat Power Gen, USA
  • Industry: Power generation equipment manufacturing & service
  • Financial Performance: Total Income of USD 4.71 million (INR 44.9 crore) for FY25-26
  • Incorporation Date: 30th August 2013
  • Business Overview: U.S.-based genset original equipment manufacturer (OEM) providing EPA-certified commercial/industrial generator sets and behind the meter power solutions across North America. Key segments served include Data Centers, Telecom, microgrids, emergency services, rentals/prime power, and retail distribution. Core product lines include Optiprime & Optiprime Hybrid Power System offerings ranging from 10 kW to 7.2 MW.

Ownership Structure Impact

Consequent to this acquisition, Engines LPG, LLC dba Wildcat Power Gen, USA has become a wholly owned subsidiary of Kirloskar Americas Corporation, USA and a step-down subsidiary of KOEL, effective 6th August 2026 US time (end of day).

Transaction Rationale

The acquisition consolidates 100% ownership, enabling swift strategic decision-making and streamlined governance under KAC. It allows seamless integration of R&D, technology, and global supply chain into Wildcat. Crucially, this move provides operational flexibility to directly scale North American expansion.

Regulatory and Compliance Aspects

  • The transaction was conducted at arm's length basis
  • KAC was already a shareholder of Engines LPG, LLC prior to this acquisition
  • Required approvals from relevant regulatory/statutory authorities were obtained as applicable
  • The transaction completion timeline was set for 30th September 2026, but was completed earlier on 6th August 2026

Historical Context

Kirloskar Americas Corporation (KAC) has held a 51% controlling stake in Engines LPG, LLC since 29th November 2023. The company has shown revenue growth from USD 0.36 million to USD 4.71 million between FY2025 and FY2026.

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