Please find attached herewith intimation under Regulation 30 of SEBI LODR.
KIRLOSENG · price
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Kirloskar Oil Engines Ltd's wholly owned subsidiary, Kirloskar Advanced Systems Private Limited (KASPL), received approval for commencement of business from the Registrar of Companies on 19th May 2026. The holding company subscribed to 90 lakh equity shares of INR 10 each at par, investing INR 9 crore in cash. KASPL is incorporated in Pune and will operate in the engineering and industrial equipment sector, covering defence and railways among other areas. The subsidiary plans to engage in design, development, manufacturing, assembly, testing, supply, import, export and dealing in industrial equipment including engines, power generating sets, unmanned systems and related services. The company noted that certain business activities may require additional licenses from regulatory authorities in the future.
This announcement marks the formal operational launch of a new subsidiary focused on defence and industrial equipment. The INR 9 crore investment is modest relative to the parent company's scale and does not immediately impact revenue or orders. It signals Kirloskar Oil Engines' strategic intent to diversify into defence and railway sectors.