Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including amendments thereunder, Kirloskar Oil Engineshas informed that the Board of Directors in its meeting held on 15th September 2023 approved the following: Investment in ‘Series A?1 Optionally Convertible Redeemable Non?Cumulative Preference Shares (the ‘Series A?1 Preferred Stock – OCRNPS’) upto US$ 5,000,000 (upto Rs 42 crores) (i.e. upto 500,000 shares of Preferred Stock at a purchase price of US$ 10 per share) of Kirloskar Americas Corporation, USA, a wholly owned subsidiary of the Company in tranches. This investment is to enable market development in Powergen applications for the North American markets and Allotment of 12,873 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, Issued and Subscribed Capital of the Company has increased from ‘14,48,70,027 equity shares of Rs 2 each aggregating to Rs. 28,97,40,054’ to ‘14,48,82,900 equity shares of Rs 2 each aggregating to Rs 28,97,65,800’ and the Paid?up Capital has increased from ‘14,48,69,562 fully paid?up equity shares of Rs 2 each aggregating to Rs 28,97,39,124’ to ‘14,48,82,435 fully paid?up equity shares of Rs 2 each aggregating to Rs 28,97,64,870’. The meeting of the Board of Directors of the Company commenced at 9.15 am and concluded at 9.55 am.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| BHEL | 227.95 |
| Bharat Electronics | 275.50 |
| Thermax | 4373.90 |
| Kirloskar Oil Eng | 1057.60 |
| GMM Pfaudler | 1197.30 |
| View more.. | |
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