KOEL Approves Cancellation of 36,108 Employee Stock Options

Kirloskar Oil Engines Ltd (KOEL) announced that its Nomination and Remuneration Committee, in a meeting held on August 6, 2026, approved the voluntary surrender and cancellation of 36,108 employee stock options. This action, also approved by the Board of Directors on the same date, reduces the total number of outstanding options from 2,40,000 to 2,03,892. The decision follows a previous grant of options on May 14, 2026, and all other terms of the original grant remain unchanged. The Board meeting commenced at 1:45 pm and concluded at 4:45 pm.