Kirloskar Oil Engines Limited has informed the Exchange regarding Change in Director(s) 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's Board of Directors met on 14th May 2026 and approved three items. First, 12,286 fully paid-up equity shares of Rs. 2/- each were allotted to employees upon exercise of stock options under the KOEL ESOP 2019, marginally increasing the paid-up capital from Rs. 29,07,35,316 to Rs. 29,07,59,888. Second, Mr. Yogesh Kapur (68), a Fellow Chartered Accountant with 43 years of experience in financial services and investment banking, has been re-appointed as an Independent Director for a second consecutive term of 5 years from 29th September 2026. Third, G. D. Apte & Co., Chartered Accountants, Pune has been re-appointed as Statutory Auditors for a second term of 5 years from the ensuing AGM till the AGM in 2031. Both re-appointments are subject to shareholder approval at the ensuing AGM.
These are routine governance matters requiring shareholder approval. The ESOP allotment has a negligible dilutive effect on share capital. The re-appointments of an experienced Independent Director and an established audit firm are positive governance indicators.