Please find attached herewith intimation for allotment of ESOPs
KIRLOSENG · price
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Kirloskar Oil Engines Limited's Board of Directors meeting on 14th May 2026 approved three key items. First, 12,286 fully paid-up equity shares of Rs. 2/- each were allotted upon exercise of Employee Stock Options under the KOEL ESOP 2019 plan, increasing paid-up capital from Rs. 29,07,35,316 to Rs. 29,07,59,888. Second, Mr. Yogesh Kapur (DIN 00070038) was re-appointed as Independent Director for a second term of 5 years from 29th September 2026, subject to shareholder approval at the AGM. Third, G. D. Apte & Co., Chartered Accountants were recommended for re-appointment as Statutory Auditors for a second term of 5 years from the ensuing AGM till the AGM in 2031, subject to shareholder approval.
The ESOP allotment causes minor dilution of approximately 0.008% for existing shareholders. The re-appointments of the Independent Director and Statutory Auditors are routine governance matters requiring shareholder approval at the AGM, with no direct impact on stock price.