Kirloskar Pneumatic Company Limited, a leading member of the Kirloskar Group, has announced the allotment of 1,600 equity shares under its 'KPCL Employee Stock Option Scheme 2019' (ESOP 2019). The decision was taken by the Stakeholders’ Relationship Committee during its meeting held on 15th September 2025.

The ESOP 2019 scheme is designed to reward eligible employees for their contribution to the growth and success of the company. Employees who exercise their stock options under this scheme are allotted equity shares at a predetermined price, allowing them to become part of the company’s equity base. These shares are fully paid-up and rank pari-passu with the existing shares of the company in all respects, meaning the new shareholders enjoy the same voting rights, dividend entitlements, and privileges as existing shareholders.

Following this allotment, the issued, subscribed, and paid-up share capital of Kirloskar Pneumatic has increased to ₹12,98,30,180, comprising 6,49,15,090 equity shares of Rs. 2 each. This reflects the company’s commitment to recognizing and rewarding employee contributions through structured equity participation.

The allotment of shares under ESOP is a key aspect of employee engagement and retention, as it provides employees with a stake in the company’s success. Such schemes align the interests of employees with those of shareholders, encouraging long-term commitment and fostering a sense of ownership among the workforce.

The company’s corporate governance framework ensures that all allotments under ESOPs are transparent, approved by the competent committees, and fully compliant with regulatory guidelines. By issuing shares under ESOP 2019, Kirloskar Pneumatic also ensures that employees directly benefit from the company’s financial performance, enhancing motivation and productivity.

ESOPs have become a popular mechanism in India for companies seeking to retain talent, boost employee morale, and incentivize performance. By granting stock options that convert into equity shares upon exercise, companies like Kirloskar Pneumatic allow employees to share in the value created by their work, providing both financial rewards and a sense of ownership.

The current allotment of 1,600 equity shares is part of the ongoing implementation of ESOP 2019, reflecting the company’s continuous focus on rewarding employees who contribute to achieving strategic and operational goals. Employees receiving these shares can now participate fully as shareholders, enjoying the economic benefits and voting rights associated with equity ownership.

This move also demonstrates Kirloskar Pneumatic’s transparent approach to corporate governance, as the Stakeholders’ Relationship Committee has ensured proper documentation, approval, and compliance with all regulatory requirements. Such initiatives highlight the company’s commitment to employee welfare, shareholder engagement, and corporate accountability.

In conclusion, the allotment of 1,600 equity shares under ESOP 2019 reinforces Kirloskar Pneumatic’s dedication to rewarding employee performance, maintaining strong governance, and fostering long-term shareholder value. The increase in paid-up capital to ₹12.98 crore strengthens the company’s equity base while supporting employee participation in its growth journey.

By enabling employees to directly benefit from company growth, Kirloskar Pneumatic continues to set benchmarks for employee-focused corporate practices and reinforces its reputation as a progressive and employee-friendly organization in India’s industrial sector.

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