Kirloskar Industries Limited has informed the Exchange regarding 'update of material subsidiary'.
KIRLOSIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kirloskar Industries Limited has shared an update from its listed material subsidiary, Kirloskar Ferrous Industries Limited (KFIL). KFIL's Stakeholders Relationship Committee approved the allotment of 6,840 equity shares of ₹5 each to employees who exercised stock options under the KFIL Employee Stock Option Schemes. Following this allotment, KFIL's paid-up share capital has increased to ₹82,31,20,890, comprising 16,46,24,178 equity shares. The disclosure is being shared with BSE and NSE as required under SEBI listing regulations.
This is a routine, very small ESOP-related share allotment (6,840 shares out of over 16.46 crore shares) with negligible dilution. It has no material impact on Kirloskar Industries' shareholders or stock price.