KIME completes purchase of 100% equity shares of KTSPL; KTSPL now a step-down subsidiary

KIME, the UAE wholly owned subsidiary, has completed buying 100% equity shares of Kirloskar Trading SA (PTY) Ltd. KTSPL is now KIME's wholly owned subsidiary and a step-down subsidiary of the company, effective 1st October 2026.

Thu 1 Oct 2026

Consideration

INR 8.25 Crore (ZAR 14.08 MN)

Equity Stake Acquired

100% equity shares

Effective Date

1st October 2026

Share Purchase Agreement Executed

30th September 2026

Resulting Structure

wholly owned subsidiary of KIME and a step-down subsidiary of the company

What the update says

Kirloskar International ME FZE, UAE (KIME) — the company's wholly owned subsidiary — has completed the purchase of 100% equity shares of Kirloskar Trading SA (PTY) Limited, Johannesburg (KTSPL), a Promoter Group Company. With this, KTSPL is now a wholly owned subsidiary of KIME and a step-down subsidiary of the company, with effect from 1st October 2026. The update states that all necessary transaction and procedural documents have been successfully executed by the parties.

The amounts involved

• A Share Purchase Agreement for the purchase of 100% equity shares of KTSPL by KIME was executed on 30th September 2026 for a consideration of INR 8.25 Crore (ZAR 14.08 MN).
• Earlier, the Board had approved a proposal to invest approx. INR 8 Crore in KIME by further investment in 3200 Equity Shares of KIME at AED 1000 per share, at an aggregate consideration of AED 3.2 million.
• Out of that amount, KIME was proposed to utilise approx. INR 5.5 Crore, subject to closing adjustments, towards the purchase of 100% equity shares of KTSPL.

How the structure changes

KTSPL was a Promoter Group Company of the company. After the purchase, it sits under KIME, which is itself a wholly owned subsidiary of the company. So KTSPL becomes a step-down subsidiary of Kirloskar Oil Engines. The update adds that all other details provided in Annexure A of the company's earlier letter dated 30th September 2026 remain unchanged.

Sequence of events

• The proposal was communicated in letters dated 11th February 2026 and 30th June 2026.
• The indicative time period for completion was previously informed as 30th June 2026 and 30th September 2026.
• The Share Purchase Agreement was executed on 30th September 2026.
• The acquisition took effect on 1st October 2026.

What this is

This is a completion intimation — the transaction was already communicated to the exchanges earlier, and this letter confirms that the documents have been executed and the holding has been transferred. For a retail investor tracking the company's group structure, the key facts are the 100% holding in KTSPL, the step-down subsidiary status, and the consideration of INR 8.25 Crore.

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