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Kirloskar Industries has informed that the Board of Directors of the Company in its meeting held on 10 March 2023, has considered and approved the amendment in Kirloskar Industries– Employees Stock Appreciation Rights Plan 2019 (KIL ESARP 2019), by increasing existing Employees Stock Appreciation Rights (ESARs) pool by an additional 3,00,000 ESARs. Further, pursuant to the recommendation of the Committee and subject to the approval of the members of the Company, the Board has considered and approved the amendment to Clause 8.1 of the KIL ESARP 2019, the term ESAR Price, which is as follows: ‘The ESAR price per ESAR shall be the fixed Market Price subject to the maximum discount of 50% (Fifty percent) as on date of the Grant at the discretion of the Committee as on the date of the Grant.’; The Board of Directors has approved to conduct the Postal Ballot pursuant to the provisions of Section 110 of the Act, read with Rule 22 of the Companies (Management and Administration) Rules, 2014, for seeking approval of the members of the Company, for the amendments in the KIL ESARP 2019; Pursuant to the provisions of Section 108 of the Act and Rule 20 of the Companies (Management and Administration) Amendment Rules, 2014, including amendment thereunder from time to time and Regulation 44 of the LODR, including amendments thereunder from time to time, the Board of Directors in its meeting held on 10 March 2023, has fixed 24 March 2023, as the cut-off date to record the entitlement of the members of the Company to cast their vote for the businesses to be transacted through Postal Ballot; Manasi Paradkar, Practicing Company Secretary, Pune, has been appointed as the Scrutinizer for conducting the Postal Ballot through remote e-voting in a fair and transparent manner. The Company has also engaged the service of National Securities Depository (NSDL) to provide electronic voting facility to the members of the Company.

The above information is a part of company’s filings submitted to BSE.

Kirloskar Industries Share Price

3306.00 230.70 (7.50%)
21-Apr-2026 16:59 View Price Chart
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