Kirloskar Oil Engines Limited has announced the allotment of 9,536 equity shares under its Employee Stock Option Plan 2019, following Board approval during a meeting held on March 10, 2026. The allotment represents the exercise of employee stock options under the company's KOEL ESOP 2019 scheme.

Share Capital Enhancement Details

The Board of Directors approved the allotment of 9,536 fully paid-up equity shares of Rs. 2/- each upon exercise of employee stock options. This corporate action has resulted in an increase in the company's overall share capital structure.

ESOP Implementation Framework

The allotment was executed pursuant to the 'Kirloskar Oil Engines Limited – Employee Stock Option Plan 2019 [KOEL ESOP 2019]'. Each equity share carries a face value of Rs. 2/- and represents fully paid-up equity participation in the company. The ESOP scheme enables eligible employees to acquire equity stakes through the exercise of stock options granted under the plan.

Board Meeting Proceedings

The Board meeting that approved this allotment commenced at 10.30 am and concluded at 3.35 pm on March 10, 2026. The company has duly informed both BSE Limited and National Stock Exchange of India Limited about this corporate action in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

Kirloskar Oil Engines Limited has fulfilled its disclosure obligations by notifying the stock exchanges about the share allotment. The communication was addressed to the Corporate Relationship Department of BSE Limited and the Listing Department of National Stock Exchange of India Limited, ensuring transparency and regulatory compliance in the share allotment process.

Kirloskar Oil Engines Limited released the transcript of its Q3 FY26 earnings conference call held on February 12, 2026, providing detailed insights into the company's record-breaking quarterly performance and strategic initiatives across business segments.

Conference Call Highlights and Leadership

The earnings call was hosted by Antique Stock Broking Limited and featured key management personnel including Ms. Gauri Kirloskar (Managing Director), Mr. Rahul Sahai (CEO), Mr. Sachin Kejriwal (CFO), Mr. Kiran Bhagnur Khapre (CHRO), and Ms. Farah Irani (Company Secretary). The call discussed the company's highest ever third quarter sales and year-to-date performance.

Business Performance Overview

Managing Director Gauri Kirloskar highlighted that Q3 FY26 delivered the company's highest ever third quarter sales, achieving 35% year-on-year sales growth and 25% year-to-date growth. The performance was driven by double-digit growth across all business segments, with particular strength in domestic Power Generation and Industrial businesses.

High Horsepower Segment Momentum

The High Horsepower (HHP) segment emerged as a standout performer with substantial growth of 235% over the previous year. CEO Rahul Sahai explained that the company's HHP products now range from 1,000 kVA to 3,000 kVA, with demand primarily driven by infrastructure developments including commercial, residential, and data centre applications.

Strategic Initiatives and Market Expansion

The management discussed several strategic developments including the incorporation of Kirloskar Advanced Systems Limited for specialized government work in Defence and Railways. The company also outlined its international expansion strategy, with focused efforts in Middle East, Africa, and ongoing investments in the U.S. market through Kirloskar Americas subsidiary.

Financial Services and Subsidiary Performance

Arka Fincap, the financial services subsidiary, reported revenue of ₹227 crores with 7% year-on-year growth. Managing Director Samrat Gupta detailed the company's strategy of granularizing the loan book through retail portfolio development, with current Assets Under Management at ₹7,600 crores and maintaining healthy asset quality metrics.

Operational Excellence and Future Outlook

CFO Sachin Kejriwal emphasized the company's improved operational efficiency, with EBITDA margins expanding and working capital management showing positive trends. The management expressed confidence in sustaining growth momentum while maintaining focus on margin improvement through strategic product positioning and market expansion initiatives.