Kirloskar Oil Engines Limited has informed the Exchange regarding Change in Auditors of the company.
KIRLOSENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kirloskar Oil Engines Limited announced three key outcomes from its Board meeting on 14th May 2026. First, the company allotted 12,286 fully paid-up equity shares of Rs. 2/- each upon exercise of employee stock options under KOEL ESOP 2019, increasing paid-up capital from Rs. 29,07,35,316 to Rs. 29,07,59,888. Second, the Board re-appointed Mr. Yogesh Kapur as Independent Director for a second term of 5 years starting 29th September 2026, subject to shareholder approval. Third, the Board recommended re-appointing G. D. Apte & Co., Chartered Accountants as Statutory Auditors for a second term of 5 years from the ensuing AGM till 2031. Note: Despite the headline mentioning 'Change in Auditors', the document indicates a re-appointment of the existing auditor, not a change.
The ESOP allotment represents minimal dilution of approximately 0.001% to existing shareholders. The re-appointment of the auditor and independent director are routine governance matters with no immediate impact on the stock.