StockWatch
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Castings & Forgings
ESOP6 Aug 2026, 02:46 pm

KFIL Allots 35,630 Shares Under ESOP Scheme

AI Summary

Kirloskar Industries Ltd announced that its subsidiary, Kirloskar Ferrous Industries Limited (KFIL), has allotted 35,630 equity shares of ₹5 each. This allotment is pursuant to the exercise of stock options under the 'KFIL Employee Stock Option Schemes'. Consequently, KFIL's issued, subscribed, and paid-up share capital has increased to ₹82,51,40,070, comprising 16,50,28,014 equity shares of ₹5 each. This action is a standard corporate event related to employee incentives.

Key Highlights

  • Subsidiary KFIL allotted 35,630 equity shares.
  • Allotment was due to exercise of stock options.
  • Share capital increased to ₹82.51 Cr.
  • This is an ESOP-related corporate action.