Kirloskar Industries Ltd said its Stakeholders’ Relationship Committee has approved the allotment of 82,034 equity shares of face value Rs 10 each on September 30, 2025. The shares were issued on the exercise of equity-settled stock appreciation rights under the company’s Employees Stock Appreciation Rights Plan 2019.
With this allotment, the company’s paid-up share capital has increased from 1,04,17,895 equity shares to 1,04,99,929 equity shares, aggregating to Rs 10.50 crore. This represents an increase of about 0.8 percent in the equity base.
Stock appreciation rights are typically offered by companies to incentivise and retain employees, rewarding them for contributing to long-term value creation. Under Kirloskar Industries’ 2019 plan, eligible employees are granted the right to receive equity shares linked to the appreciation in the company’s share price, thereby aligning employee rewards with shareholder returns. The latest allotment is part of this ongoing programme.
Shares of Kirloskar Industries were trading at Rs 3,961.00 on Tuesday, up 1.57 percent. The stock touched a day’s high of Rs 4,018.00 and a low of Rs 3,862.30. Over the past year, it has declined 27 percent, falling from Rs 5,521.30 to Rs 2,810.80. Kirloskar Industries currently trades at a price-to-earnings multiple of 25.39 and offers a dividend yield of 0.33 percent.
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