Kirloskar Oil Engines to Invest INR 8 Crore in UAE Subsidiary for Working Capital and South African Acquisition

Kirloskar Oil Engines Ltd (KOEL) has approved an investment of INR 8 Crore in its wholly-owned subsidiary, Kirloskar International ME FZE (KIME) based in the UAE. The investment will meet KIME's working capital requirements and fund the acquisition of Kirloskar Trading SA (PTY) Limited, a Promoter Group Company of KOEL, based in Johannesburg, South Africa. KIME, incorporated on 7th January 2025, has a total income of INR 27.25 Crore (Provisional: 1st April 2025 to 31st December 2025) and a net worth of INR 2.48 Crore (Provisional: As at 31st December 2025). The acquisition is expected to be completed by 30th June 2026.