Subsidiary14 May 2026, 07:01 pm
Kirloskar Oil Engines to Incorporate Wholly Owned Subsidiary in Netherlands
AI Summary
Kirloskar Oil Engines Ltd (KOEL) announced the Board of Directors approved the incorporation of a wholly-owned subsidiary in the Netherlands during its meeting on May 14, 2026. The proposed company will operate in engineering, manufacturing, and trading, focusing on power and energy sectors. KOEL will invest EUR 0.18 Million (approximately ₹2 Crores) for 1,800 equity shares at par, holding 100% of the subsidiary's initial paid-up share capital. The incorporation is subject to standard approvals from Netherlands statutory authorities.
Key Highlights
- Kirloskar Oil Engines will establish a wholly-owned subsidiary in the Netherlands.
- The subsidiary will operate in engineering, manufacturing, and trading sectors.
- KOEL will invest EUR 0.18 Million (approximately ₹2 Crores) in the subsidiary.
- The holding company will subscribe to 100% of the initial paid-up share capital.
- Incorporation is subject to standard regulatory approvals in the Netherlands.
Price Impact
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