Kirloskar Oil Engines announced in an exchange filing that it has issued 32,268 fully paid-up equity shares with a face value of Rs 2 each. These shares were issued as a result of employee stock options exercised under the Kirloskar Oil Engines-employee stock option plan 2019.
Kirloskar Oil Engines’ issued and subscribed capital has increased significantly as a result of this recent allocation. This significant shift is distinguished by a departure from the previous state, in which the company’s capital was represented by 14,48,37,759 equity shares, each with a nominal value of Rs 2. This share accumulation resulted in an overall capital value of Rs 28,96,75,518. However, as a result of this development, a transformation has occurred, resulting in a revised count of 14,48,70,027 equity shares, each with a nominal value of Rs 2. This adjusted assemblage now has a total capital value of Rs.28,97,40,054.
Furthermore, this increase in capital is accompanied by an increase in the company’s paid-up capital. Previously, the paid-up capital was made up of 14,48,37,294 fully paid-up equity shares, each worth Rs 2, contributing a total of Rs 28,96,74,588.
Kirloskar Oil Engines’ shares were valued at Rs 444.65 on August 10, according to the broader market. However, it is worth noting that the current valuation represents a 0.21% decrease from the previous valuation. This dynamic captures the tides of market forces and investor sentiment.
