Kirloskar Oil Engines has announced the incorporation of a new wholly owned subsidiary, Kirloskar Advanced Systems Private Limited (KASPL), with an investment of ₹9 crore. The subsidiary, registered in Pune, Maharashtra, aims to engage in various engineering and industrial business segments.
The certificate of incorporation for KASPL was issued on 30th March 2026 by the Registrar of Companies, Central Registration Centre. The new entity will operate in the engineering sector, focusing on industrial equipment, including defence and railways. It will undertake activities related to design, development, manufacture, assembly, testing, supply, import, export, and dealing in all types of industrial equipment.
KASPL will provide solutions across different sectors, particularly in defence, and will require applicable licences and approvals from relevant regulatory authorities for its operations. These will be obtained as needed in compliance with applicable laws.
Kirloskar Oil Engines plans to invest in KASPL through a cash consideration, subscribing to 90 lakh equity shares of face value ₹10 each, amounting to a total of ₹9 crore. This investment will give Kirloskar Oil Engines 100% control over the initial paid-up share capital of KASPL.
The establishment of KASPL marks a strategic expansion for Kirloskar Oil Engines into new industrial domains, leveraging its expertise in engineering and manufacturing.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).