Please find attached herewith intimation regarding re-appointment of Statutory Auditor
KIRLOSENG · price
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Kirloskar Oil Engines Ltd's Board meeting on 14th May 2026 approved three items. First, 12,286 equity shares of Rs. 2/- each were allotted to employees exercising stock options under the KOEL ESOP 2019, marginally increasing 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 financial services experience including HDFC, HSBC, Enam Securities, and Axis Bank, was re-appointed as Independent Director for a second 5-year term commencing 29th September 2026, subject to shareholder approval at the ensuing AGM. Third, G. D. Apte & Co., Chartered Accountants, Pune was recommended for re-appointment as Statutory Auditors for a second 5-year term from the conclusion of the ensuing AGM till the AGM in 2031, also subject to shareholder approval.
The ESOP allotment causes minimal dilution to existing shareholders. The re-appointment of both the Independent Director and Statutory Auditor are routine governance matters requiring shareholder approval, indicating continuity in oversight and audit functions without any concerns.