KIRLOSKAR OIL ENGINES LTD.

Kirloskar Oil Engines Ltd has officially incorporated its wholly owned subsidiary in the Netherlands, named 'Kirloskar International B.V.'. This follows an earlier communication dated 14th May 2026. The certificate of formation for the new entity is dated 1st October 2026, with the registration number 42180717. All other details previously provided remain unchanged. This move is part of the company's international expansion strategy.

Kirloskar Oil Engines Ltd (KOEL) has successfully completed the acquisition of 100% equity shares of Kirloskar Trading SA (PTY) Limited (KTSPL) by its wholly-owned subsidiary, Kirloskar International ME FZE (KIME). The acquisition was finalized on October 1st, 2026, with KIME purchasing KTSPL for INR 8.25 Crore (ZAR 14.08 MN). This transaction, initially proposed with an investment of approximately INR 8 Crore by KOEL into KIME, makes KTSPL a step-down subsidiary of KOEL. The deal was executed following a Share Purchase Agreement signed on September 30th, 2026, and all necessary procedural documents have been completed.

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.

Kirloskar Oil Engines Ltd has received a Show Cause Notice from the Deputy Commissioner of Commercial Taxes, Bengaluru, for the FY 2022-23. The notice alleges ITC Mismatch & HSN misclassification, demanding ₹4,91,06,051 in tax, ₹3,66,36,682 in interest, and ₹49,10,606 in penalty, totaling approximately ₹9.96 crore. The company stated it does not foresee any material impact and is preparing a reply to the authority within the prescribed timelines.

Kirloskar Oil Engines Ltd has announced the closure of its trading window for dealing in the company's securities. The window will be shut from October 1st, 2026, until 48 hours after the declaration of financial results for the quarter and half-year ending September 30th, 2026. This closure is in accordance with the company's Code of Conduct and SEBI's Prohibition of Insider Trading Regulations, 2015, to prevent potential insider trading during the period leading up to and immediately following the financial results announcement.

Kirloskar Oil Engines Limited (KOEL) and DEUTZ have entered into a strategic co-operation agreement focused on the 1.6-litre engine platform. This partnership aims to expand KOEL's compact engine solutions into European and North American markets, complementing DEUTZ's existing drive portfolios. The collaboration leverages KOEL's engineering and manufacturing capabilities with DEUTZ's international sales and service network. The new engine series, R550, will offer naturally aspirated and turbocharged versions with power output ranging from 18 to 41.2 kW, complying with EU Stage V and US EPA/CARB Tier 4 emissions standards. This strategic move addresses market trends like downsizing and growing demand for compact, reliable power solutions in construction, material handling, and industrial machinery sectors.

Kirloskar Oil Engines Ltd announced that its members, in the Annual General Meeting (AGM) held on August 7, 2026, approved the re-appointment of Mr. Yogesh Kapur as an Independent Director. This re-appointment is for a second term of 5 consecutive years, effective from September 29, 2026. This decision follows previous communications filed on May 14, 2026, August 7, 2026, and August 8, 2026, and is based on the Scrutinizer’s Report on voting results. The company has requested this be taken on record.

Kirloskar Oil Engines Ltd (KOEL) announced through its wholly-owned subsidiary, Kirloskar Americas Corporation (KAC), the acquisition of the remaining 49% stake in Engines LPG, LLC dba Wildcat Power Gen, USA. The transaction, valued at USD 0.15 million (approximately ₹1.43 crore), was completed on August 6, 2026 (US time). This acquisition consolidates KAC's ownership to 100% in Wildcat Power Gen, a US-based genset OEM. The move aims to streamline strategic decision-making, enhance R&D integration, and facilitate direct scaling of North American operations. Wildcat Power Gen reported a total income of USD 4.71 million (INR 44.9 Crore) for FY25-26. The acquisition was conducted on an arm's length basis.

Kirloskar Oil Engines Ltd (KOEL) announced that its Board of Directors has approved the acquisition of the remaining 49% stake in Engines LPG, LLC dba Wildcat Power Gen, USA, a step-down subsidiary. The acquisition is being made by Kirloskar Americas Corporation (KAC), a wholly-owned subsidiary of KOEL, for a consideration of USD 31 per unit. This transaction will make Wildcat Power Gen a wholly-owned subsidiary of KAC and a step-down subsidiary of KOEL. The acquisition aims to consolidate 100% ownership, enabling swift strategic decision-making, streamlined governance, and seamless integration of R&D, technology, and global supply chains. It also provides operational flexibility to scale North American expansion. The total income of Wildcat Power Gen for FY25-26 was USD 4.71 million (INR 44.9 Crore). The acquisition is expected to be completed by September 30, 2026.

Kirloskar Oil Engines Ltd (KOEL) announced that its Board of Directors, in a meeting held on August 6, 2026, approved an amendment to the 'Kirloskar Oil Engines Limited - Employee Stock Option Plan 2019' (KOEL ESOP 2019). This amendment involves increasing the existing Employees Stock Options pool ceiling by an additional 1,00,000 options. The approval is subject to the company's members' consent. Consequently, the Board also approved conducting a Postal Ballot to seek member approval for this ESOP amendment. The cut-off date for recording member entitlement for remote e-Voting has been fixed as Friday, August 14, 2026.