Kalpataru Projects International Limited has informed the Exchange regarding amendment(s) to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information under the provisions of Regulation 8(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015'.
KPIL · price
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At a board meeting held on May 16, 2025, KPIL approved a final dividend of Rs. 9 per equity share (450% on face value of Rs. 2) for FY25, subject to shareholder approval. The board re-appointed Mr. Shailendra Kumar Tripathi as Deputy Managing Director for 3 years (Oct 2025 to Oct 2028) and appointed Ms. Raksha Kothari as a new Independent Director for 5 years starting May 19, 2025, replacing Ms. Anjali Seth whose second term ends May 18, 2025. M/s. Kapoor & Ved was appointed as Secretarial Auditor for 5 years (FY26 to FY30). Additionally, 12 individuals were excluded from the Senior Management Personnel list due to updated reporting lines, with no change to their employment terms. The board also authorized up to USD 29 million in additional funding for its Brazilian wholly-owned subsidiary and approved a share-based incentive scheme covering up to 5% of equity of its Swedish step-down subsidiary LMG. The Code of Fair Disclosure of UPSI was amended for the third time.
The 450% dividend signals strong profitability and healthy cash returns for shareholders. Management continuity is preserved through Tripathi's re-appointment, while the new Independent Director brings strong legal and M&A expertise. The subsidiary funding and LMG stock option scheme point toward ongoing international expansion and talent retention efforts.