Kirloskar Oil Engines Establishes Wholly Owned Subsidiary, Kirloskar Advanced Systems Private Limited
Kirloskar Oil Engines Limited announced the incorporation of a new wholly owned subsidiary, Kirloskar Advanced Systems Private Limited (KASPL), on March 30, 2026. The company received its certificate of incorporation on the same date, and the Corporate Identification Number (CIN) for KASPL is U28299PN2026PTC253954.KASPL is incorporated in Pune, Maharashtra, India, and will be engaged in engineering and industrial business segments, including defense and railways. The company's activities will encompass design, development, manufacture, assembly, testing, supply, import, export, and dealing in industrial equipment, systems, and related services, including Annual Maintenance Contracts.
The Ministry of Corporate Affairs has approved the incorporation of KASPL. The Holding Company, Kirloskar Oil Engines Limited, will invest INR 9,00,00,000 (Indian Rupees Nine Crore only) in KASPL by subscribing to 90,00,000 (ninety lakh) equity shares with a face value of INR 10 each, at par. This investment represents 100% of the initial paid-up share capital of KASPL.
Table: Key Details of Kirloskar Advanced Systems Private Limited
| Particulars | Description |
|---|---|
| Name of Company | Kirloskar Advanced Systems Private Limited |
| Date of Incorporation | March 30, 2026 |
| Country of Incorporation | India |
| Relationship to Listed Entity | Wholly Owned Subsidiary of Kirloskar Oil Engines Limited |
| Industry | Engineering - Industrial Equipment |
| Business Activities | Design, development, manufacture, assembly, testing, supply, import, export, and dealing in industrial equipment, systems, and related services |
| Governmental/Regulatory Approvals | Ministry of Corporate Affairs approval obtained; additional licenses and approvals will be secured as required |
| Consideration | Cash consideration of INR 9,00,00,000 for 90,00,000 equity shares |
| Shareholding | 100% owned by Kirloskar Oil Engines Limited |
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