Kirloskar Oil Engines informs about disclosure

Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) 2015 including amendments thereunder, Kirloskar Oil Engines has informed that in continuation of the communication filed on 13th May 2021, the Board of Directors in its meeting held on 11th August 2021, has given its consent to invest in Rights Issue for equity shares of Arka Financial Holdings (AFHPL), a wholly owned subsidiary of the Company up to Rs 83,00,00,000. In terms of the Rights offer, the Company will subscribe to 8,30,00,000 Equity Shares at Rs 10 per equity share in AFHPL, having face value of equity share of Rs 10 each and payments will be done in line with the 'Letter of Offer' issued by AFHPL.

The above information is a part of company’s filings submitted to BSE.