Kirloskar Oil Engines Limited has announced the successful allotment of 12,286 equity shares following the exercise of employee stock options. Additionally, the company has confirmed the reappointment of Mr. Yogesh Kapur as an Independent Director for a second five-year term and has retained G. D. Apte & Co. as the statutory auditors for the firm through the year 2031.
Equity Expansion via ESOP
Following a board meeting held on May 14, 2026, Kirloskar Oil Engines has finalized the allotment of 12,286 fully paid-up equity shares. These shares, valued at Rs. 2/- each, were issued under the company’s 2019 Employee Stock Option Plan. This issuance has increased the company’s total issued and subscribed capital to 14,53,80,409 equity shares, with the total value rising to Rs. 29,07,60,818/-.
Independent Director Reappointment
The Board has recommended the reappointment of Mr. Yogesh Kapur as an Independent Director. With over 43 years of extensive experience in the financial services sector—including tenures at HDFC, Axis Bank, and Enam Securities—Mr. Kapur brings a wealth of expertise in investment banking and corporate governance. His new term is set to begin on September 29, 2026, for a period of five consecutive years, subject to shareholder approval.
Continuity in Statutory Audit
In addition to leadership updates, the company has reappointed G. D. Apte & Co., Chartered Accountants, as its statutory auditors. The firm, which has been in operation since 1930, will continue its engagement for another five-year term. This appointment ensures consistent financial oversight, with the term extending from the conclusion of the upcoming Annual General Meeting until the conclusion of the company’s AGM in 2031.
Source: BSE
