Kirloskar Pneumatic Company has been provisionally chosen by the Indian government in the latest round of the Production Linked Incentive (PLI) scheme for white goods, marking a significant milestone for the engineering company.

Government Recognition Under PLI Scheme

The provisional selection under the PLI scheme for white goods represents an important development for Kirloskar Pneumatic Company. The Production Linked Incentive scheme is designed to boost domestic manufacturing capabilities and reduce India's dependence on imports in key sectors.

Strategic Implications

This selection positions the company to potentially benefit from government incentives aimed at promoting local manufacturing of white goods. The PLI scheme typically offers financial incentives based on incremental sales and investment commitments, supporting companies in scaling up their manufacturing operations.

About the PLI Scheme for White Goods

The PLI scheme for white goods is part of the government's broader manufacturing initiative to strengthen India's position as a global manufacturing hub. The scheme focuses on encouraging domestic production of consumer appliances and reducing import dependence in this sector.

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.