Kalpataru Projects International Limited has informed the Exchange regarding Change in Director(s) of the company.
KPIL · price
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Awaiting price reaction for this filing.
Kalpataru Projects International's board met on May 16, 2025 and approved several items. A final dividend of Rs. 9 per share (450% on face value of Rs. 2) was recommended for FY25, subject to shareholder approval. Mr. Shailendra Kumar Tripathi was re-appointed as Deputy Managing Director for three years starting October 22, 2025. Independent Director Ms. Anjali Seth will step down on May 18, 2025 after completing her second and final term, and Ms. Raksha Kothari, a senior corporate/M&A lawyer, will replace her as Independent Director for five years. The board also approved funding support of up to USD 29 million for its Brazilian subsidiary, a stock option scheme covering up to 5% equity of its Swedish step-down subsidiary LMG, and the appointment of M/s. Kapoor & Ved as Secretarial Auditors for five years.
The 450% final dividend is a positive return signal for shareholders. The director changes are routine succession (end-of-term retirement and replacement), and the subsidiary funding and ESOP moves signal continued investment in international growth businesses, which could support long-term value but also adds modest capital deployment risk.