KOEL Invests ₹8.25 Cr in Subsidiary for South African Acquisition

Kirloskar Oil Engines Ltd (KOEL) announced an investment of approximately INR 8 Crore in its wholly-owned subsidiary, Kirloskar International ME FZE (KIME), UAE. This investment will be used by KIME to acquire 100% equity shares of Kirloskar Trading SA (PTY) Limited (KTSPL), a Promoter Group Company based in Johannesburg, South Africa. The acquisition of KTSPL, which operates in the engineering and industrial products sector, is aimed at expanding KOEL's footprint in the Africa Region by establishing a direct customer connect. The total consideration for the acquisition by KIME is INR 8.25 Crore (ZAR 14.08 MN), primarily due to an increase in cash and cash equivalents in KTSPL. A Share Purchase Agreement was executed on September 30, 2026, with completion subject to closing conditions.