Nature of the Disclosure
Regulatory filing pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021, regarding employee stock option plan adjustments.
Key Quantitative Figures
- Initial grant approved: 240,000 employee stock options
- Options surrendered and cancelled: 36,108
- Revised total options after cancellation: 203,892
Dates of Action
- Previous disclosure date: 14th May 2026
- Nomination and Remuneration Committee meeting date: 6th August 2026
- Board of Directors meeting date: 6th August 2026
- Meeting timing: Commenced at 1:45 pm, concluded at 4:45 pm
- Disclosure date: 6th August 2026
Parties Involved
- Regulatory bodies: BSE Limited, National Stock Exchange of India Ltd., SEBI
- Company representative: Farah Irani, Company Secretary and Compliance Officer
Plan Details
- Employee Stock Option Plan: Kirloskar Oil Engines Limited - Employee Stock Option Plan 2019 (KOEL ESOP 2019)
- All other terms of the original grant dated 14th May 2026 remain unchanged