Kirloskar Pneumatic Company Limited has informed the Exchange regarding Grant of Options.
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Kirloskar Pneumatic Company has granted 48,000 stock options to eligible employees under the KPCL Employee Stock Option Scheme 2019, as approved by the Nomination and Remuneration Committee on July 18, 2025. Each option is convertible into one equity share of face value Rs. 2 at an exercise price of Rs. 900 per option. Options must be exercised within three years from the date of vesting, and vesting is linked to performance parameters set by the committee. The grant complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
The grant represents a very small dilution (48,000 shares) and is a routine employee incentive action. Shareholders should view this positively as it ties employee rewards to company performance, though it will lead to marginal equity dilution upon exercise.