Kirloskar Oil Engines Approves Grant of 2.40 Lakh Employee Stock Options
Kirloskar Oil Engines Ltd., a company of the Kirloskar Group, announced on May 14, 2026, that its Nomination and Remuneration Committee approved the grant of employee stock options to its eligible employees. The decision was made following a meeting held on May 14, 2026.The stock option grant, which falls under the Kirloskar Oil Engines Limited - Employee Stock Option Plan 2019 (KOEL ESOP 2019), covers a total of 2,40,000 options.
The structure and key terms governing the option grant were detailed, providing specific financial and operational parameters for the employees.
| Detail | Specification |
|---|---|
| Options Granted | 2,40,000 options to the eligible employee of the Company as determined by the Committee. |
| Total Shares Covered | Not more than 2,40,000 shares. |
| Exercise Price | Rs. 959.76 per Option. |
| Initial Options Vested | Nil |
| Option Exercise Period | Vested Options shall be exercisable within a period of two years from the date of vesting of such Options. |
| Money Realized by Exercise | Nil |
| Shares Arising from Exercise | Nil |
The plan stipulates that the options shall vest after a minimum period of one year but not later than a maximum period of four years from the date of grant of Options.
Furthermore, the company confirmed that currently, there are no options exercised, no money realized, and no shares arising from the exercise of options. Regarding diluted earnings per share, the company noted that options are yet to be exercised.
KIRLOSENG Stock Price Movement
Shares of Kirloskar Oil Engines Limited are rallying to ₹1612.1 as of 10:18 AM, gaining 0.78% in live trading on an absolute jump of ₹12.50. With a total volume of 57,812 shares traded, the stock is moving actively within its intraday range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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