Kalpataru Projects International Limited has informed the Exchange regarding Appointment of Ms. Raksha Kothari as Non- Executive Independent Director of the company w.e.f. May 19, 2025.
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Awaiting price reaction for this filing.
Kalpataru Projects International's board on May 16, 2025 recommended a final dividend of Rs. 9 per share (450%) for FY25, subject to shareholder approval. The board re-appointed Mr. Shailendra Kumar Tripathi as Deputy Managing Director for 3 years from October 22, 2025. Ms. Anjali Seth's tenure as Independent Director ends May 18, 2025 after completing her second term, and Ms. Raksha Kothari, a corporate and M&A lawyer with 35+ years of experience, has been appointed as Independent Director for 5 years from May 19, 2025. The board also appointed M/s. Kapoor & Ved as Secretarial Auditors for 5 years (FY26–FY30), approved up to USD 29 million additional funding for Brazilian subsidiary Kalpataru Power Do Brasil, and cleared a share-based incentive scheme covering up to 5% of equity of Swedish subsidiary Linjemontage I Grastorp AB.
The healthy 450% dividend signals strong FY25 earnings and rewards shareholders, while continued leadership stability with Tripathi's re-appointment should be viewed positively. The new independent director brings deep legal and M&A expertise, supporting governance. Stock price impact is likely neutral to mildly positive given routine board actions and no governance red flags.