BSECompany Update7 Aug 2026 · 7 Aug 2026, 08:30 pm
Please find attached herewith general announcement.
Kirloskar Oil Engines Ltd · 533293
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Kirloskar Oil Engines Ltd has announced that its wholly-owned subsidiary, Kirloskar Americas Corporation, has acquired a 49% stake in Engines LPG, LLC dba Wildcat Power Gen, USA, a US-based genset original equipment manufacturer, for USD 0.15 mn. The acquisition consolidates 100% ownership and enables strategic decision-making and streamlined governance.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment4/10
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Kirloskar Oil Engines Ltd - 533293 - General Announcement
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Date: 7th August 2026
BSE Scrip Code: 533293 NSE Scrip Code: KIRLOSENG
To To
Corporate Relationship Department Listing Department
BSE Limited National Stock Exchange of India Ltd.
1st Floor, Rotunda Building, Exchange Plaza, C -1, Block G,
Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E),
Mumbai – 400 001 Mumbai – 400 051
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
including amendments thereunder and further to our letters dated 15th September 2023, 30th November
2023 and 6th August 2026, regarding approval of Board of Directors of the Company for acquisition of 4900
units (49% stake) of Engines LPG, LLC dba Wildcat Power Gen, USA (a subsidiary of Kirloskar Americas
Corporation, USA and step down subsidiary of KOEL) for consideration of USD 31 per unit by Kirloskar
Americas Corporation, USA (wholly owned subsidiary of KOEL).
Accordingly, Kirloskar Americas Corporation, USA acquired 4900 units (49% stake) of Engines LPG, LLC dba
Wildcat Power Gen, USA on 6th August 2026 US time - end of the day [7th August 2026 IST]. Consequent to
the said acquisition, Engines LPG, LLC dba Wildcat Power Gen, USA is a wholly owned subsidiary of Kirloskar
Americas Corporation, USA with effect from 6th August 2026 US time - end of the day.
The requisite details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 including amendments thereunder, read with the SEBI Circular no.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026, is enclosed herewith as
Annexure A.
You are requested to take the same on your record.
Thanking you,
Yours faithfully,
For Kirloskar Oil Engines Limited
Farah Irani
Company Secretary and Compliance Officer
Annexure A
Information as required under Regulation 30 - Part A of Para A of Schedule III of SEBI (Listing
Obligations and Disclosure Requirements) Regulations 2015 including amendments thereunder
Sr. Particulars Description
1 Name of the target entity, details in Engines LPG, LLC dba Wildcat Power Gen, USA (a subsidiary of Kirloskar
brief such as size, turnover etc. Americas Corporation, USA and step down subsidiary of KOEL)
Engines LPG, LLC dba Wildcat Power Gen, Total Income: USD 4.71
million (INR 44.9 Crore) [FY25-26]
Ref Rate: https://www.rbi.org.in/scripts/referenceratearchive.aspx
4th Aug 2026
1 USD = 95.3487 INR
2 Whether the acquisition would fall The transaction is between Kirloskar Americas Corporation, USA
within related party transaction(s) and (“KAC”), a wholly-owned subsidiary of Kirloskar Oil Engines Limited
whether the promoter/ promoter [KOEL] and shareholder of Engines LPG, LLC dba Wildcat Power Gen,
group/ group companies have any USA, to acquire balance 49% stake of Engines LPG, LLC dba Wildcat
interest in the entity being acquired? If Power Gen, USA by KAC.
yes, nature of interest and details
thereof and whether the same is done Transaction is carried out at arm’s length basis.
at “arm’s length”
Consequent to the said acquisition by KAC, Engines LPG, LLC dba
Wildcat Power Gen, USA has become wholly owned subsidiary of KAC
and step down subsidiary of KOEL.
3 Industry to which the entity being Power generation equipment manufacturing & service
acquired belongs
4 Objects and impact of acquisition Acquiring the remaining stake consolidates 100% ownership, enabling
(including but not limited to, disclosure swift strategic decision-making and streamlined governance under
of reasons for acquisition of target KAC. It allows seamless integration of R&D, technology, and global
entity, if its business is outside the main supply chain into Wildcat Crucially, this move gives the operational
line of business of the listed entity) flexibility to directly scale North American expansion.
5 Brief details of any governmental or Approvals from the relevant regulatory/statutory authorities, as may
regulatory approvals required for the be applicable.
acquisition
6 Indicative time period for completion 30th September 2026 as intimated vide letter dated 6th August 2026
of the acquisition (Completed)
Kirloskar Americas Corporation, USA acquired 4900 units (49% stake)
of Engines LPG, LLC dba Wildcat Power Gen, USA on 6th August 2026 US
time - end of the day [7th August 2026 IST]. Consequent to the said
acquisition, Engines LPG, LLC dba Wildcat Power Gen, USA is a wholly
owned subsidiary of Kirloskar Americas Corporation, USA with effect
from 6th August 2026 US time - end of the day.
7 Consideration - whether cash Cash consideration
consideration or share swap or any
other form and details of the same
8 Cost of acquisition and/or the price at USD 0.15 mn for 49% stake acquisition in the target entity
which the shares are acquired
9 Percentage of shareholding / control With balance 49% stake acquisition in target entity, Kirloskar Americas
acquired and / or number of shares Corporation has 100% controlling stake in the target entity with effect
acquired from 6th August 2026 US time - end of the day [7th August 2026 IST].
10 Brief background about the entity Engines LPG LLC dba Wildcat Powergen is a U.S.-based genset original
acquired in terms of products/line of equipment manufacturer (OEM) incorporated on August 30, 2013.
business acquired, date of
incorporation, history of last 3 years Kirloskar Americas Corporation (KAC), a subsidiary of Kirloskar Oil
turnover, country in which the Engines Limited (KOEL), has held a 51% controlling stake in the
acquired entity has presence and any company since November 29, 2023.
other significant information (in brief)
Business Overview
Market Positioning: Operates as a specialized U.S. OEM
providing EPA-certified commercial/industrial generator sets
(gensets) and behind the meter power solutions across North
America
Key Segments Served: Data Centers, Telecom, microgrids,
emergency services, rentals/prime power, retail distribution
and utilities
Core Product Lines: Optiprime & Optiprime Hybrid Power
System offerings ranging from 10 kW to 7.2 MW across
Natural Gas and Diesel
Aftermarket, Service & Manufacturing Operations
Financials (Amount in USD mn):
Financial Year FY 2024 FY 2025 FY 2026
Revenue 0.36 2.64 4.71