Kirloskar Oil Engines Limited has informed the Exchange regarding 'Updates'.
KIRLOSENG · price
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On August 6, 2025, Kirloskar Oil Engines' Board approved an investment of up to US$ 2 million (around Rs. 18 crore) in Series A-1 Optionally Convertible Redeemable Non-Cumulative Preference Shares of its wholly owned US subsidiary, Kirloskar Americas Corporation. The investment, priced at US$ 10 per share for up to 200,000 shares, is aimed at expanding the company's business in the US market. Separately, the Board allotted 14,797 equity shares of Rs. 2 each to employees under the KOH ESOP 2019 plan upon exercise of stock options. As a result, the company's paid-up equity share count rose marginally from 14,52,54,687 to 14,52,69,484 shares, with paid-up capital increasing from Rs. 29,05,09,374 to Rs. 29,05,38,968.
The US subsidiary investment signals management's commitment to growing the business in the American market, though the amount (Rs. 18 crore) is small relative to the company's size and unlikely to move the stock materially. The ESOP allotment is routine and causes only minor equity dilution.