Kalpataru Projects International Limited has informed the Exchange regarding Change in Auditors of the company.
KPIL · price
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Awaiting price reaction for this filing.
The board approved a final dividend of Rs. 9 per share (450% on face value of Rs. 2) for FY25, subject to shareholder approval. Mr. Shailendra Kumar Tripathi was re-appointed as Deputy Managing Director for 3 years starting October 22, 2025. Ms. Anjali Seth will step down as Independent Director on May 18, 2025 after completing her second and final term, and Ms. Raksha Kothari (corporate/M&A lawyer with 35+ years experience) will join as Independent Director for 5 years from May 19, 2025. The board appointed M/s. Kapoor & Ved as Secretarial Auditors for a 5-year term (FY26 to FY30). Additionally, 12 senior managers were reclassified out of the SMP list with no change in their roles, the board approved up to USD 29 million additional funding for its Brazilian subsidiary Kalpataru Power DO Brasil, and cleared a stock option plan covering up to 5% of equity at Swedish step-down subsidiary Linjemontage I Grastorp AB (LMG). The insider trading disclosure code was also amended.
This is a routine multi-item board outcome. The strong 450% dividend signals healthy cash flows and shareholder returns, while the director changes reflect normal tenure completions rather than governance concerns. Subsidiary funding and ESOP at LMG indicate continued international expansion, broadly neutral to positive for shareholders.