Kirloskar Oil Engines Limited has informed the Exchange regarding Allotment of 14797 Shares.
KIRLOSENG · price
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Kirloskar Oil Engines' board, meeting on 6th August 2025, approved two items. First, the allotment of 14,797 fully paid-up equity shares of Rs. 2 each to employees who exercised stock options under the KOH ESOP 2019 plan. As a result, the company's paid-up equity share count rose from 14,52,54,687 to 14,52,69,484 shares, taking paid-up capital from Rs. 29.05 crore to Rs. 29.05 crore. Second, the company approved an investment of up to US$ 2 million (about Rs. 18 crore) into its wholly owned US subsidiary, Kirloskar Americas Corporation, by purchasing up to 200,000 Series A-1 preference shares at US$ 10 each, to support business growth in the US market.
The ESOP allotment is a small, routine dilution of less than 0.01% and is unlikely to affect the share price. The Rs. 18 crore investment in the US subsidiary signals management's commitment to expanding in the American market, which could support long-term growth but carries execution and forex risks.