New Launch30 March 2026 at 10:57 am
Kirloskar Oil Engines Ltd Incorporates Wholly Owned Subsidiary Kirloskar Advanced Systems Private Limited
AI Summary
Kirloskar Oil Engines Ltd has incorporated a new wholly owned subsidiary, Kirloskar Advanced Systems Private Limited (KASPL), as per the Regulation 30 of SEBI LODR. The certificate of incorporation of KASPL was issued on 30th March 2026. KASPL will be engaged in various engineering and industrial business segments, including defence and railways. The Holding Company will invest INR 9,00,00,000 towards subscription to 90,00,000 equity shares of KASPL. KASPL's registered office is in Pune, Maharashtra, India, and it will operate as a solutions provider to India's defence and other sectors, requiring applicable licenses and approvals from regulatory authorities as needed.
Key Highlights
- Kirloskar Oil Engines Ltd incorporates a new wholly owned subsidiary, Kirloskar Advanced Systems Private Limited (KASPL)
- KASPL registered office is in Pune, Maharashtra, India
- KASPL will operate in various engineering and industrial business segments, including defence and railways
- The Holding Company will invest INR 9,00,00,000 in KASPL for 100% shareholding
- KASPL will require applicable licenses and approvals from regulatory authorities as needed