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Kirloskar Oil Engines LimitedOthers, 06-08-2025: ESOP/ESOS/ESPS

06-08-2025 | 05:37 pm

Kirloskar Oil Engines' Board has approved a strategic investment of up to Rs. 18 Cr in Kirloskar Americas Corporation, its wholly-owned US subsidiary. This investment, in 'Series A-1 Preferred Stock - OCRNPS', aims to further strengthen the company's business presence in the US market. Additionally, the company has allotted 14,797 fully paid-up new equity shares following the exercise of Employee Stock Options under its 2019 ESOP Plan, leading to a minor increase in the company's paid-up share capital. These moves reflect ongoing operational growth and employee incentives.

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