Kirloskar Oil Engines Ltd has informed BSE that at the Extraordinary General Meeting of the company held on January 21, 2003, the members authorised the Board of Directors of the company or any committee thereof to make an issue of 2,53,690 equity shares of Rs 10 each to the equity shareholders of Kirloskar Power Supply Ltd, in the ratio of 1 equity share of Rs 10 each of the company will be allotted for every 61 equity shares of Rs 10 each held in Kirloskar Power Supply Company Ltd, as on effective date as defined in the Scheme of Amalgamation of the Company and Kirloskar Power Supply Company Ltd.