Kirloskar Oil Engines Limited (KOEL), a leader in manufacturing internal combustion engines and generator sets, has successfully completed the postal ballot process for the appointment of Mr. Srikumar Vijayasekharan as an Independent Director. The shareholders have approved the special resolution, confirming his appointment effective from November 11, 2025.

Postal Ballot Results

The company announced the successful completion of the postal ballot process based on the Scrutinizer's Report on voting results. The appointment follows the regulatory framework under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Appointment Details

Mr. Srikumar Vijayasekharan's appointment as Additional Non-Executive Director in the capacity of Independent Director brings significant expertise to KOEL's board:

Professional Background

Mr. Vijayasekharan brings extensive experience across multiple domains:

• Leadership Experience: Served as COO of Deloitte South Asia, overseeing significant growth where the firm expanded over four times during his tenure
• Operational Expertise: Responsible for finance, IT, infrastructure, business plans, strategy implementation, and succession planning
• Industry Experience: Specializes in audit and assurance services across manufacturing, financial services, healthcare, technology, and consumer business sectors
• Board Experience: Currently serves as Independent Director on Arka Fincap Limited's board

Governance and Compliance

The postal ballot process ensured compliance with regulatory requirements:

• Electronic Voting Only: In compliance with MCA circulars, voting was conducted only through remote e-voting
• Scrutinizer Appointment: Mrs. Manasi Paradkar, Practicing Company Secretary, was appointed as scrutinizer
• Independence Criteria: Mr. Vijayasekharan meets the criteria for independence under Section 149(6) of the Companies Act, 2013
• Committee Membership: He has been appointed as Audit Committee Member effective December 12, 2025

Shareholding and Related Information

• Mr. Vijayasekharan holds no equity shares in Kirloskar Oil Engines Limited
• He is not related to any existing board member of the company
• The appointment strengthens the board's independence and governance structure

The successful appointment of Mr. Srikumar Vijayasekharan represents a strategic move by Kirloskar Oil Engines Limited to enhance its board composition with experienced leadership. The company has formally communicated the approval to both BSE and NSE, completing all regulatory requirements for the appointment.

Kirloskar Oil Engines Limited has continued its employee incentivization program with another round of equity share allotments under its Employee Stock Option Plan. The company's Stakeholders Relationship Committee approved the latest allotment on January 5, 2026, further expanding the company's share capital structure.

Latest ESOP Allotment Details

The Stakeholders Relationship Committee, in its meeting held on January 5, 2026, approved the allotment of 9,185 fully paid-up equity shares, each with a face value of ₹2.00. This allotment was executed under the 'Kirloskar Oil Engines Limited – Employee Stock Option Plan 2019' (KOEL ESOP 2019). The committee meeting commenced at 3:00 PM and concluded at 3:38 PM.

Updated Share Capital Structure

The recent allotment has resulted in further changes to KOEL's share capital composition:

Cumulative Impact of ESOP Allotments

With this latest development, Kirloskar Oil Engines has now completed multiple rounds of ESOP allotments. The company previously allotted 36,279 shares in November, and this recent allotment of 9,185 shares demonstrates the ongoing implementation of its employee stock option program.

Strategic Benefits of ESOP Implementation

The continued execution of the ESOP program serves several strategic objectives:

Regulatory Compliance and Transparency

Kirloskar Oil Engines has maintained its commitment to regulatory compliance by promptly informing both BSE (Scrip Code: 533293) and NSE (Scrip Code: KIRLOSENG) about this development. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's adherence to transparency standards.

Conclusion

The systematic implementation of the ESOP 2019 scheme reflects Kirloskar Oil Engines' strategic approach to employee engagement and capital structure management. These regular allotments under the employee stock option plan continue to strengthen the alignment between employee interests and company performance while gradually enhancing the equity base.