Kirloskar Pneumatic Company Limited has announced the approval of stock option grants to its eligible employees under the company's established Employee Stock Option Plan (ESOP). The Nomination and Remuneration Committee of the Board of Directors approved this grant during its meeting held on January 23, 2026.

Stock Option Grant Details

The committee has approved the grant of 8,000 stock options to eligible employees under the 'KPCL Employee Stock Option Scheme 2019'. This scheme was previously approved by the company's shareholders through a special resolution passed at the Annual General Meeting held on July 20, 2019.

Vesting and Exercise Terms

The stock options come with specific terms governing their vesting and exercise periods. The vesting schedule is performance-based, with stock options vesting according to performance parameters that have been approved by the committee. This performance-linked approach ensures that the benefits are tied to employee contribution and company performance.

Regulatory Framework

The stock option grant operates under the framework of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring full regulatory compliance. The company has structured this grant in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, under Regulation 30.

The announcement was made through official communication to both BSE Limited and the National Stock Exchange of India Limited, maintaining transparency with all stakeholders. This employee stock option grant represents the company's commitment to employee retention and motivation through equity participation in the organization's growth.

Kirloskar Pneumatic Company Limited announced its Q3FY26 financial results alongside significant corporate developments including interim dividend declaration and leadership transition plans. The Board of Directors approved these decisions in their meeting held on January 23, 2026.

Financial Performance Highlights

The company delivered robust financial performance in Q3FY26 with substantial growth across key metrics. Standalone revenue from operations reached ₹4,035 crores compared to ₹3,400 crores in Q3FY24, representing an 18.68% year-over-year increase.

The company's earnings per share (basic) stood at ₹6.65 for Q3FY26 compared to ₹5.55 in Q3FY24. For the nine months ended December 31, 2025, the company achieved revenue of ₹10,536 crores with net profit of ₹1,145 crores.

Interim Dividend Declaration

The Board declared an interim dividend of ₹3.50 per equity share (175%) for FY2025-26. The dividend will be paid through National Electronic Clearing System (NECS) with the record date fixed as January 30, 2026. The payment will be completed on or before February 21, 2026.

Leadership Transition

The company announced the appointment of Aman Rahul Kirloskar as Managing Director effective April 1, 2026, for a five-year term until March 31, 2031. This appointment is subject to shareholder approval through postal ballot and follows the completion of K Srinivasan's tenure on March 31, 2026.

Aman Kirloskar, aged 31 years, brings extensive experience within the Kirloskar Group. He graduated in Business Administration from Bryant University with a major in Global Supply Chain Management. His career progression within the group includes roles as Supply Chain Manager at Kirloskar Chillers Private Limited, Senior Manager and General Manager (Operations) at Kirloskar Pneumatic, and currently serves as Vice President - ACR SBU.

Business Segment Performance

The Compression Systems segment, the company's primary business vertical, generated revenue of ₹3,792 crores in Q3FY26 compared to ₹3,158 crores in Q3FY24. The segment achieved profit before tax and interest of ₹943 crores in Q3FY26 versus ₹600 crores in Q3FY24.

Under Aman Kirloskar's leadership of the ACR SBU, the business unit achieved its highest-ever sales since inception, contributing to the company's record revenue of over ₹1,600 crores. This performance earned recognition through the prestigious 'Chairman's Award for Best Business'.

Exceptional Items and Regulatory Impact

The company reported exceptional items of ₹183 crores in Q3FY26 related to the statutory impact of new labour codes. This one-time charge arose from the Government of India's notification of four Labour Codes in November 2025, consolidating 29 existing labour laws. The impact primarily relates to changes in wage definition affecting employee benefits.

Consolidated Results

On a consolidated basis, the company reported revenue from operations of ₹4,069 crores in Q3FY26 compared to ₹3,426 crores in Q3FY24. Consolidated net profit attributable to equity holders reached ₹422 crores versus ₹364 crores in the corresponding previous period. The consolidated earnings per share (basic) stood at ₹6.40 for Q3FY26.