Please find attached herewith announcement
KIRLOSENG · price
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Kirloskar Oil Engines Ltd's Board of Directors, at its meeting on 14th May 2026, approved the incorporation of a new wholly owned subsidiary in Amsterdam, Netherlands. The holding company will invest approximately EUR 0.18 million (around INR 2 crores) by subscribing to 1,800 equity shares at EUR 100 each, retaining 100% ownership. The new entity will engage in engineering, manufacturing, and trading of industrial equipment including heat engines, gen-sets, pumps, energy storage solutions, and conventional and non-conventional energy products such as solar, wind, and hydro. The incorporation remains subject to standard approvals from Netherlands statutory authorities.
The formation of this Netherlands subsidiary represents a modest international expansion initiative. With an investment of only ~INR 2 crore, the impact on Kirloskar Oil Engines' financials is minimal, but it signals the company's intent to diversify into global energy and industrial markets.