
Subsidiary19 May 2026, 06:31 pm
Kirloskar Oil Engines' Subsidiary Gets Business Commencement Approval
AI Summary
Kirloskar Oil Engines Ltd's wholly-owned subsidiary, Kirloskar Advanced Systems Private Limited (KASPL), has received approval for commencement of business from the Registrar of Companies on May 19, 2026. This follows the receipt of ₹9 Crore towards the subscription amount from subscribers to the Memorandum of Association. KASPL will operate in engineering and industrial business segments, including defence and railways.
Key Highlights
- Kirloskar Advanced Systems Private Limited (KASPL) received business commencement approval.
- KASPL is a wholly-owned subsidiary of Kirloskar Oil Engines Ltd.
- KASPL received ₹9 Crore subscription amount.
- KASPL will operate in engineering, defence, and railway sectors.
Price Impact
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