Kirloskar Pneumatic Approves Grant of 54,000 Stock Options

Kirloskar Pneumatic Company Ltd announced that its Nomination and Remuneration Committee has approved the grant of 54,000 stock options to eligible employees under the 'KPCL Employee Stock Option Scheme 2019'. Each option is convertible into one equity share of face value Rs. 2. The exercise price is set at Rs. 1,100 per option. These options can be exercised within three years from the date of vesting, which will be determined based on performance parameters approved by the committee. The total number of equity shares covered by these options is 54,000.