Kirloskar Oil Engines Limited has announced the approval for the grant of 2,40,000 employee stock options under its existing incentive plan. Approved by the Nomination and Remuneration Committee on May 14, 2026, this move aims to incentivize eligible employees. The options are set at an exercise price of Rs. 959.76 per option, with a structured vesting schedule designed to align long-term performance with shareholder value.
Stock Option Grant Details
On May 14, 2026, the board committee of Kirloskar Oil Engines Limited finalized the grant of 2,40,000 equity-linked options to eligible employees. These options are governed by the company’s established 2019 stock option plan, reflecting the company’s ongoing commitment to employee retention and performance incentives. Each option grants the right to receive one equity share upon exercise, capping the total issuance at 2,40,000 shares.
Pricing and Vesting Schedule
The company has set the exercise price at Rs. 959.76 per option. The vesting of these options will occur over a minimum period of 1 year, extending to a maximum of 4 years from the date of grant. Once vested, the eligible employees will have a window of 2 years to exercise their rights to convert the options into equity shares, providing a structured approach to wealth creation for the company’s workforce.
Future Impact
As of the announcement date, no options have yet been vested, exercised, or lapsed, and no money has been realized. The company will monitor the dilution impact on earnings per share as the options are exercised in the coming years. This initiative highlights the company’s strategic focus on long-term growth and employee alignment.
Source: BSE
