Kirloskar Oil Engines will conduct a virtual one-on-one meeting with Valiant Capital on Tuesday, September 29, 2026. The session is scheduled from 9:00 am to 10:00 am IST.

Meeting Details

The company filed an intimation with the stock exchanges regarding the schedule of the investor meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The interaction is classified as a virtual 1x1 meeting.

The company noted that the schedule of the meeting is subject to changes due to any exigencies. The intimation was signed by Farah Tehmtton Irani, Company Secretary and Compliance Officer, on September 24, 2026.

Kirloskar Oil Engines Limited failed to secure the requisite majority for its special resolution to expand the Employee Stock Option Grant Pool under KOEL ESOP 2019, as per postal ballot voting results declared on September 22, 2026.

Resolution details

The special resolution sought to increase the ceiling of the grant pool by 1,00,000 (one lakh) options, raising the existing total ceiling from 14,00,000 (fourteen lakh) to 15,00,000 (fifteen lakh) employee stock options under the Kirloskar Oil Engines Limited Employee Stock Option Plan 2019 (KOEL ESOP 2019). The postal ballot notice was dated August 6, 2026, with the cut-off date for eligible members set at August 14, 2026. The remote e-voting window remained open from August 22, 2026 at 9:00 am to September 20, 2026 at 5:00 pm.

Voting outcome

The resolution did not pass, as votes in favour fell short of the required majority. The following table presents the category-wise voting breakdown:

While the promoter and promoter group voted entirely in favour, public institutional investors cast 66.9765% of their polled votes against the resolution, contributing 31,833,157 votes against out of a total 31,837,348 votes against across all categories.

Scrutinizer's report highlights

Practicing Company Secretary Manasi Paradkar of Manasi Paradkar & Associates was appointed as scrutinizer for the remote e-voting process. The scrutinizer's annexure provides the following summary of voting by mode:

The scrutinizer confirmed that the special resolution as set out in the postal ballot notice has not been passed with the required majority. Remote e-voting was conducted through the platform of National Securities Depository Limited, and records were reconciled with the Registrar and Share Transfer Agent, MUFG Intime India Private Limited. The report notes that 4 shareholders representing one folio each divided their total shareholding and voted both in favour and against the resolution, resulting in a total member count of 776 with some shareholders counted twice. Abstain and invalid votes totalling 880416 were not included in total valid votes polled.

The voting results and scrutinizer's report have been submitted to the stock exchanges pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.