Kirloskar Oil Engines Limited has informed the Exchange about Options to purchase securities - Grant of Options
KIRLOSENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kirloskar Oil Engines Limited's Nomination and Remuneration Committee approved the grant of 2,40,000 employee stock options (ESOPs) to eligible employees under the KOEL ESOP 2019 scheme. The exercise price is Rs. 959.76 per option, covering not more than 2,40,000 shares. The options will vest after a minimum of 1 year and maximum of 4 years from the grant date, and once vested, can be exercised within 2 years. Currently, no options have vested or been exercised. The grant complies with SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021.
No immediate dilution impact as options are yet to vest or be exercised. This ESOP grant is aimed at employee retention and incentivisation and may marginally impact earnings per share upon future exercise of options.