Kirloskar Pneumatic granted 54,000 stock options to eligible employees under its 2019 ESOP scheme.
Each option is convertible into one equity share of face value ₹2 at an exercise price of ₹1,100.
Options must be exercised within three years from vesting, which is based on performance parameters.
The grant complies with SEBI Share Based Employee Benefits and Sweat Equity Regulations, 2021.