Kalpataru Projects International Limited has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2025.
KPIL · price
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The Board of Kalpataru Projects International Limited (KPIL) met on May 16, 2025 and approved several key decisions. It recommended a final dividend of Rs. 9 per 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 three years starting October 22, 2025, and noted the end of Ms. Anjali Seth's tenure as Independent Director on May 18, 2025. Ms. Raksha Kothari was appointed as a new Independent Director for five years effective May 19, 2025. M/s. Kapoor & Ved was appointed as Secretarial Auditor for five years (FY26–FY30). Additionally, the Board approved additional funding of up to USD 29 million for its Brazilian subsidiary (Kalpataru Power DO Brasil) and a stock-option scheme for employees of its Swedish step-down subsidiary LMG covering up to 5% of its equity.
The 450% final dividend is a positive signal for income-focused shareholders, though subject to AGM approval. Director continuity and a fresh Independent Director appointment indicate stable governance. The capital infusion into the Brazil subsidiary and employee incentive at the Sweden subsidiary suggest continued investment in international operations, which could support long-term growth.