Kirloskar Oil Engine informs about allotment of equity shares under ESOP

10 Aug 2023 Evaluate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the Regulations), Kirloskar Oil Engine has informed that the Stakeholders Relationship Committee of the Board of Directors of the Company, at its meeting held on 10th August 2023 has allotted 32,268 fully paid?up Equity Shares of Rs 2 each upon exercise of Employee Stock Options pursuant to ‘Kirloskar Oil Engines – Employee Stock Option Plan 2019 [KOEL ESOP 2019]’. Consequent to the aforesaid allotment, the Issued and Subscribed Capital of the Company has increased from ‘14,48,37,759 equity shares of Rs 2 each aggregating to Rs 28,96,75,518’ to ‘14,48,70,027 equity shares of Rs 2 each aggregating to Rs. 28,97,40,054’ and Paid?up Capital has increased from ‘14,48,37,294 fully paid?up equity shares of Rs 2 each aggregating to Rs 28,96,74,588’ to ‘14,48,69,562 fully paid?up equity shares of Rs 2 each aggregating to Rs 28,97,39,124’. The meeting of the Stakeholders Relationship Committee of the Board of Directors of the Company commenced at 9.15 am and concluded at 9.20 am.

The above information is a part of company’s filings submitted to BSE.

Kirloskar Industries Share Price

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