G. G. Dandekar Machine Works Limited announced that the Company has promoted Kirloskar Management Services Private Limited’, jointly with Kirloskar Oil Engines Limited, Kirloskar Ferrous Industries Limited, Kirloskar Pneumatic Company Limited and Kirloskar Chillers Private Limited. ‘Kirloskar Management Services Private Limited’ has been incorporated on 27 January 2020. The Company has agreed to subscribe 3,75,000 equity shares of (@ 10 each) (15%) amounting to = 37,50,000 in the share capital of Kirloskar Management Services Private Limited”.