Kalpataru Projects International Limited has informed the Exchange about change in Management
KPIL · price
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KPIL's board has recommended 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, a veteran civil infrastructure leader and former JMC Projects MD & CEO, has been re-appointed as Deputy Managing Director for 3 years starting October 2025. Independent Director Ms. Anjali Seth will step down on May 18, 2025 after completing her second and final term, and will be replaced by Ms. Raksha Kothari, a senior corporate/M&A lawyer, as a new Independent Director for 5 years. The board also appointed M/s. Kapoor & Ved as Secretarial Auditors for 5 years (FY26–FY30), cleared up to USD 29 million in additional funding for its Brazil subsidiary, approved a stock-option scheme covering up to 5% equity of its Swedish step-down subsidiary LMG, and updated the list of Senior Management Personnel based on revised reporting lines.
The 450% dividend signals strong cash returns for shareholders. The management changes are largely routine succession — the DMD re-appointment ensures continuity, while the Independent Director transition maintains board oversight without disruption. The Brazil funding and Sweden ESOP indicate ongoing international expansion and talent alignment, which are neutral to mildly positive for long-term growth.