Please find attached herewith intimation regarding re-appointment of Statutory Auditors
KIRLOSENG · price
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Kirloskar Oil Engines Limited announced three outcomes from its Board meeting held on 14th May 2026. First, the company allotted 12,286 equity shares of Rs. 2 each upon exercise of employee stock options under KOEL ESOP 2019, marginally increasing paid-up capital from Rs. 29,07,35,316 to Rs. 29,07,59,888. Second, Mr. Yogesh Kapur has been re-appointed as Independent Director for a second consecutive term of 5 years (from 29th September 2026 to 28th September 2031), subject to shareholder approval at the ensuing AGM. Third, G. D. Apte & Co., Chartered Accountants has been recommended for re-appointment as Statutory Auditors for a second term of 5 years, from the conclusion of the ensuing AGM till the AGM in 2031.
The ESOP allotment represents minimal dilution for existing shareholders. The re-appointments of the Independent Director and Statutory Auditors are routine corporate governance matters that should provide stability and are subject to shareholder approval at the AGM.