KIRLOSKAR OIL ENGINES LTD.

Kirloskar Oil Engines Ltd has announced the closure of its trading window for dealing in the company's securities. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of financial results for the quarter ending June 30, 2026. The decision is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct for designated persons and their immediate relatives. This measure is standard practice to prevent potential insider trading during periods when material non-public information may be available.

Kirloskar Oil Engines Ltd (KOEL) has announced a significant order from HyperNext for its Optiprime™ Power Systems. The order includes 96 units of 2500 kVA Optiprime™ Dual Core Systems, totaling 192 MW, for large-scale data center infrastructure. This deployment will support HyperNext's mission to build resilient, scalable, and energy-efficient digital infrastructure, particularly for AI workloads and hyperscale cloud deployments. The Optiprime™ platform is designed for hyperscale and mission-critical environments, ensuring uninterrupted power availability. This deal underscores KOEL's growing position as a trusted partner for data center providers.

Kirloskar Oil Engines Limited (KOEL) has announced a significant order from HyperNext for its Optiprime™ Power Solutions. The order includes 96 units of 2500 kVA Optiprime™ Dual Core systems, totaling 192 MW. This deployment is intended to support HyperNext's large-scale data center infrastructure, focusing on AI-enabled and hyperscale-ready solutions. The Optiprime™ platform is designed for high power density, efficiency, and reliability, crucial for mission-critical environments like data centers. This deal underscores KOEL's growing role in powering India's digital infrastructure expansion.

Kirloskar Oil Engines Limited has received a Show Cause Notice from the Deputy Commissioner of State Tax, Pune, for the Financial Year 2022-23. The notice imposes a tax demand of ₹3,18,52,849/-, interest of ₹2,31,38,259/-, and a penalty of ₹31,85,286/-, totaling approximately ₹6.68 crore. This action is due to an Input Tax Credit (ITC) mismatch. The company stated that it does not foresee any material impact on its financial or operational activities and is in the process of filing a reply.

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.

Kirloskar Oil Engines Ltd. received a Show Cause Notice under Section 73 of the Uttar Pradesh Goods and Services Tax Act, 2017 and Central Goods and Services Tax Act, 2017, dated 19th May 2026, from the Joint Commissioner Corporate Circle, Lucknow, Uttar Pradesh. The notice imposes a tax demand of ₹5,90,02,030 and a penalty of ₹59,00,203 for ITC Mismatch and other points for the FY 2022-23. The company is preparing to file a reply and does not anticipate any material impact on its financials or operations.

Kirloskar Oil Engines Ltd (KOEL) announced a strategic capital allocation of approximately ₹1,400 Crores for capacity enhancement at its Kagal, Kolhapur plant. This investment aims to support the company's goal of reaching USD 2 billion in revenue by FY2030. The expansion will increase capacity by approximately 20,000 engines per annum, supplementing the existing capacity of 1,35,000 engines. Financed through a combination of internal accruals and borrowings, the expansion is expected to be completed within 2 years.

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.

Kirloskar Oil Engines Ltd's board re-appointed Mr. Yogesh Kapur as an Independent Director for a second consecutive term of 5 years, effective from September 29, 2026, subject to shareholder approval. The board also approved the allotment of 12,286 equity shares under the company's ESOP 2019, increasing the issued and subscribed capital to ₹29,07,60,818 and paid-up capital to ₹29,07,59,888.

Kirloskar Oil Engines Ltd. (KOEL) has re-appointed Mr. Yogesh Kapur as an Independent Director for a second consecutive term of 5 years, effective from September 29, 2026, subject to shareholder approval at the upcoming Annual General Meeting. Mr. Kapur, a Fellow Chartered Accountant with over 43 years of experience, is currently serving on the boards of several companies. The Board also approved the allotment of 12,286 equity shares under the company's ESOP plan, increasing the issued and paid-up share capital.