Kirloskar Oil Engines Limited has informed the Exchange about Options to purchase securities - Grant of Options
KIRLOSENG · price
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Kirloskar Oil Engines Limited (KOEL) has announced that its Nomination and Remuneration Committee approved the grant of 21,129 employee stock options to an eligible employee on 6th August 2025, under the KOEL ESOP 2019 scheme. The exercise price is fixed at Rs. 519.06 per option, and the options will vest after a minimum of 1 year but within a maximum of 4 years from the grant date. Once vested, employees will have a 2-year window to exercise the options. The scheme complies with SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021. As of now, no options have vested, been exercised, or lapsed.
This is a routine employee incentive grant with negligible equity dilution potential (up to 21,129 shares) given KOEL's large share base. It is unlikely to have any meaningful impact on the stock price, but signals continued use of ESOPs to retain key talent.