StockWatch
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Castings & Forgings
Corporate Action12 Jun 2026, 07:51 pm

KFIL Allots 17,841 Shares, Recommends ₹3 Dividend

AI Summary

Kirloskar Ferrous Industries Limited (KFIL), a subsidiary of Kirloskar Industries Ltd, has announced the allotment of 17,841 equity shares under its Employee Stock Option Schemes. This allotment increases the company's issued, subscribed, and paid-up share capital to ₹82,49,61,920. Additionally, the Board of Directors has recommended a final dividend of ₹3 per equity share for the financial year 2025-2026, subject to member approval at the upcoming annual general meeting. This move signifies employee stock option utilization and a return of capital to shareholders.

Key Highlights

  • KFIL allotted 17,841 equity shares via ESOPs.
  • Share capital increased to ₹82,49,61,920.
  • Board recommended a final dividend of ₹3 per share.
  • Dividend subject to approval at the AGM.
  • Corporate actions related to ESOPs and dividends.