Kirloskar Oil Engines ESOP 2019 Expansion 100,000 Options

Date: 6th August 2026

Board Meeting Outcomes

• The Board of Directors meeting was held on 6th August 2026, commencing at 1:45 PM and concluding at 4:45 PM.
• Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the amendment in 'Kirloskar Oil Engines Limited - Employee Stock Option Plan 2019' (KOEL ESOP 2019).
• The amendment increases the existing Employees Stock Options pool ceiling by an additional 100,000 (one lakh) Options.
• This approval is subject to the approval of the members of the Company.
• The Board approved to conduct a Postal Ballot pursuant to Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014 for seeking member approval for the ESOP amendments.

Cut-off Date for Voting

• Pursuant to SEBI LODR Regulations 42 & 44, the Board fixed Friday, 14th August 2026 as the Cut-off date to record member entitlement for electronic voting (remote e-Voting).
• The notice for the Postal Ballot will be circulated within prescribed timelines.