Kirloskar Oil Engines has announced plans to establish a wholly owned subsidiary in Amsterdam, Netherlands. The board of directors approved the incorporation during a meeting held on 14th May 2026.
The proposed company, whose name is yet to be finalised, will operate in the engineering, manufacturing, and trading sectors. It will focus on various industrial and engineering business segments, including power and energy. The subsidiary will engage in activities such as research, engineering, design, development, manufacturing, trading, assembly, testing, supply, import, export, and dealing in various types of industrial equipment. This includes heat engines, internal combustion engines, gen-sets, and pumps, as well as energy transformation products and uninterrupted power systems.
The incorporation of the subsidiary will require standard approvals from the relevant Netherlands statutory authorities, including registration with the Chamber of Commerce and the execution of the official deed of incorporation. Additionally, certain business activities may require applicable licences and approvals from relevant regulatory authorities, which will be obtained as necessary.
Kirloskar Oil Engines plans to invest in the subsidiary through cash consideration, subscribing to 1,800 equity shares of face value EUR 100 each, totalling EUR 0.18 million (approximately ₹2 crores). The holding company will maintain 100% control by subscribing to the entire initial paid-up share capital of the proposed company.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).