KIRLOSENG - Kirloskar Oil

Kirloskar Oil Engines Limited has allotted 8,449 fully paid-up equity shares of Rs. 2 each following the exercise of options under the KOEL ESOP 2019 plan. This allotment has resulted in a marginal increase in the company's paid-up share capital from 14,53,59,209 to 14,53,67,658 shares. The total paid-up capital value now stands at approximately Rs. 29.07 crore. Such allotments are routine corporate actions used to incentivize and retain employees.

• Allotment of 8,449 equity shares of face value Rs. 2 each under the KOEL ESOP 2019 plan
• Paid-up share capital increased from 14,53,59,209 to 14,53,67,658 equity shares
• Total paid-up capital value rose from Rs. 29,07,18,418 to Rs. 29,07,35,316
• The allotment was approved by the Stakeholders Relationship Committee on April 24, 2026

Kirloskar Oil Engines Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms that all dematerialization requests for the period January 1, 2026, to March 31, 2026, were processed within prescribed timelines. This filing confirms that share certificates were mutilated and cancelled after verification, and depository names were updated in the register of members. This is a standard procedural disclosure required for all listed entities in India.

• Compliance certificate submitted for the quarter ended March 31, 2026.
• Issued by Registrar and Transfer Agent MUFG Intime India Private Limited.
• Confirms dematerialization requests were processed and certificates mutilated within prescribed timelines.
• Ensures that the register of members has been updated with depository names as registered owners.

Kirloskar Oil Engines Limited has informed the stock exchanges that its trading window for dealing in company securities will be closed starting April 1, 2026. This closure is a standard regulatory requirement ahead of the declaration of financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially announced. This action is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent any potential insider trading by designated persons.

• Trading window closure effective from April 1, 2026.
• Closure pertains to the financial results for the quarter and year ended March 31, 2026.
• Window to reopen 48 hours after the declaration of financial results.
• Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Kirloskar Oil Engines Limited has received a partially favorable Order-In-Appeal regarding GST disputes for FY 2020-21. The Joint Commissioner of State Tax reduced the tax demand from ₹1.28 crore to ₹1.25 crore and interest from ₹1.10 crore to ₹1.09 crore. The penalty of ₹25.13 lakh remains unchanged despite the appeal. The company intends to file a second appeal to further contest the remaining demand and does not expect a material financial impact on its operations.

• Tax demand reduced from ₹1,28,33,572 to ₹1,25,05,603 for FY 2020-21.
• Interest liability lowered from ₹1,10,43,912 to ₹1,09,68,308.
• Penalty amount of ₹25,13,471 remains unchanged following the appeal order.
• Company is in the process of filing a second appeal before the appropriate authority.

Kirloskar Oil Engines Limited has received an Order-In-Appeal from the Joint Commissioner of State Tax, Pune, regarding GST discrepancies for the financial year 2019-20. The order demands a total payment of approximately Rs 4.31 crore, which includes a tax component of Rs 1.91 crore, interest of Rs 2.21 crore, and a penalty of Rs 0.19 crore. The dispute arises from alleged Input Tax Credit (ITC) mismatches and disallowances. The company has stated it will file a second appeal and does not expect any material impact on its financial or operational activities.

• Total financial demand of Rs 4,31,26,070 including tax, interest, and penalty
• Specific tax demand of Rs 1,90,84,098 and interest of Rs 2,21,33,563 for FY 2019-20
• Penalty of Rs 19,08,409 imposed due to GST Input Tax Credit (ITC) mismatch
• Company is in the process of filing a second appeal before the appropriate authority

Kirloskar Oil Engines Limited (KIRLOSENG) conducted a one-on-one meeting with Eastlane Capital on March 16, 2026, as part of its ongoing investor relations program. The discussion focused primarily on the operational overview of the company's business segments. Management explicitly stated that no unpublished price sensitive information (UPSI) was shared during the one-hour session. This meeting follows the initial disclosure made by the company to the exchanges on March 11, 2026.

• Meeting held on March 16, 2026, from 10:00 AM to 11:00 AM IST.
• Interaction was a 1x1 session specifically with Eastlane Capital.
• Discussion was restricted to the operational overview of the company.
• Company confirmed compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
• No unpublished price sensitive information (UPSI) was disclosed during the meeting.

Kirloskar Oil Engines Limited (KIRLOSENG) conducted a series of virtual meetings with prominent institutional investors on March 13, 2026. The management engaged with Philip Capital in a group setting, followed by one-on-one sessions with Bandhan Mutual Fund and Goldman Sachs. The discussions primarily covered the company's operational overview and general business environment. The company explicitly stated that no unpublished price sensitive information was shared during these interactions.

• Conducted a group virtual meeting with Philip Capital on March 13, 2026, from 10:30 AM to 11:30 AM
• Held a one-on-one virtual session with Bandhan Mutual Fund for 45 minutes
• Engaged in a one-on-one virtual meeting with Goldman Sachs at 3:00 PM
• Discussions focused on operational overviews and general business performance
• Confirmed compliance with SEBI regulations by not disclosing any unpublished price sensitive information

Kirloskar Oil Engines Limited (KIRLOSENG) conducted a series of investor and analyst meetings on March 11, 2026. The interactions included a group meeting hosted by Jefferies India and one-on-one virtual sessions with Aditya Birla Mutual Fund, DSP Equity Investments, and Catamaran. The discussions focused on the operational overview of the company. Management confirmed that no unpublished price sensitive information was disclosed during these sessions.

• Group meeting hosted by Jefferies India held on March 11, 2026, from 10 AM to 11 AM.
• One-on-one virtual meetings conducted with Aditya Birla Mutual Fund and DSP Equity Investments.
• A separate 1x1 virtual meeting held with Catamaran at 4:30 PM on the same day.
• Discussions were limited to the operational overview of the company's business.
• Management explicitly stated no unpublished price sensitive information (UPSI) was shared.

Kirloskar Oil Engines Limited (KIRLOSENG) held a series of meetings on March 11, 2026, with prominent institutional investors and analysts. The interactions included a group meeting hosted by Jefferies India and one-on-one virtual sessions with Aditya Birla Mutual Fund, DSP Equity Investments, and Catamaran. The discussions focused on the company's operational overview without disclosing any unpublished price-sensitive information. These engagements indicate active management outreach to the financial community.

• Management met with four major entities: Jefferies India, Aditya Birla MF, DSP Equity, and Catamaran
• Meetings were conducted on March 11, 2026, across various time slots from 10 AM to 5:15 PM
• The primary focus of the discussions was the operational overview of the company
• The company confirmed that no unpublished price sensitive information (UPSI) was shared during these sessions

Kirloskar Oil Engines Limited has updated its schedule for analyst and institutional investor interactions. Meetings previously scheduled for March 12, 2026, with Prabhudas Liladhar and Nippon Mutual Fund have been cancelled. The company has now scheduled new virtual interactions for March 13, 2026, involving Philip Capital, Bandhan Mutual Fund, and Goldman Sachs. These meetings are part of the company's regular engagement with the financial community to discuss business updates.

• Cancellation of two meetings originally scheduled for March 12, 2026, with Prabhudas Liladhar and Nippon Mutual Fund
• New group virtual meeting scheduled with Philip Capital on March 13, 2026, at 10:30 AM
• Scheduled 1x1 virtual meeting with Bandhan Mutual Fund on March 13, 2026, at 11:30 AM
• Scheduled 1x1 virtual meeting with Goldman Sachs on March 13, 2026, at 3:00 PM

Kirloskar Oil Engines Limited has updated its investor interaction schedule, cancelling two meetings previously set for March 12, 2026. The cancelled sessions included a group meeting with Prabhudas Liladhar Capital and a 1x1 with Nippon Mutual Fund. To replace these, the company has scheduled three new virtual interactions on March 13, 2026. These new sessions involve high-profile institutions including Goldman Sachs, Bandhan Mutual Fund, and Philip Capital.

• Cancellation of two virtual meetings originally scheduled for March 12, 2026.
• Three new virtual meetings scheduled for March 13, 2026, between 10:30 AM and 3:45 PM.
• Participation includes major global and domestic entities like Goldman Sachs and Bandhan Mutual Fund.
• Meetings comprise one group session and two 1x1 virtual interactions.
• Update provided in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

Mr. Atul Kirloskar will retire as Chairman of Kirloskar Oil Engines effective March 31, 2026, concluding a 43-year career with the company. The Board has appointed Mr. Rahul Kirloskar as the new Chairperson and Ms. Gauri Kirloskar as Vice Chairperson, who will also remain the Managing Director. This transition is part of a multi-year planned succession strategy to ensure leadership continuity. The outgoing Chairman will step down completely from all Board positions to allow the new team full operational freedom.

• Mr. Atul Kirloskar to retire on March 31, 2026, upon reaching the age of 70.
• Mr. Rahul Kirloskar appointed as the new Chairperson of the Board.
• Ms. Gauri Kirloskar appointed as Vice Chairperson in addition to her role as Managing Director.
• Outgoing Chairman Atul Kirloskar has served the company for over 43 years in various capacities.

Kirloskar Oil Engines Limited has approved the allotment of 9,536 equity shares of face value Rs. 2 each following the exercise of stock options. These shares were issued under the company's Employee Stock Option Plan 2019 (KOEL ESOP 2019). As a result, the paid-up equity capital has increased from Rs. 29,06,99,346 to Rs. 29,07,18,418. The total number of fully paid-up equity shares now stands at 14,53,59,209, representing a negligible dilution for existing shareholders.

• Allotment of 9,536 fully paid-up equity shares of Rs. 2 each.
• Shares issued pursuant to the KOEL ESOP 2019 scheme.
• Paid-up capital increased to Rs. 29,07,18,418 from Rs. 29,06,99,346.
• Total fully paid-up equity shares increased to 14,53,59,209.

Kirloskar Oil Engines Limited has announced a planned leadership transition as Chairman Atul Kirloskar will retire on March 31, 2026, upon reaching 70 years of age. The Board has approved the appointment of Rahul Kirloskar as the new Chairman effective April 1, 2026. Additionally, current Managing Director Gauri Kirloskar has been designated as Vice-Chairperson starting April 1, 2026. This move ensures continuity within the promoter-led management team as the company transitions to its next phase of leadership.

• Atul Kirloskar to step down as Chairman and Non-Executive Director effective March 31, 2026
• Rahul Kirloskar (DIN 00007319) appointed as Chairman of the Board effective April 1, 2026
• Managing Director Gauri Kirloskar additionally designated as Vice-Chairperson from April 1, 2026
• The transition is a planned retirement as the outgoing Chairman reaches the age of 70 years