Outcome of Board Meeting held on May 16, 2025
Awaiting price reaction for this filing.
Kalpataru Projects International Limited (KPIL) held its Board meeting on May 16, 2025, where it recommended a final dividend of Rs. 9 per share (face value Rs. 2, i.e., 450%) for FY25, subject to shareholder approval. The Board re-appointed Mr. Shailendra Kumar Tripathi as Dy. Managing Director for 3 years from October 22, 2025, and appointed Ms. Raksha Kothari as a new Independent Director for 5 years from May 19, 2025, replacing Ms. Anjali Seth whose tenure ends May 18, 2025. The Board also approved additional funding of up to USD 29 million to its wholly owned Brazilian subsidiary Kalpataru Power DO Brasil, appointed M/s. Kapoor & Ved as Secretarial Auditors for FY26-FY30, and cleared a share-based incentive scheme covering up to 5% of equity for employees/directors of its Swedish step-down subsidiary Linjemontage I Grastorp AB (LMG). Several amendments were made to the UPSI fair disclosure code.
The 450% final dividend signals strong shareholder reward and healthy cash generation, though it remains subject to AGM approval. Continuity in top leadership via Tripathi's re-appointment along with a new Independent Director addition should comfort investors, while the USD 29 Mn infusion into the Brazil subsidiary and the LMG ESOP point to active expansion and retention strategy in international operations.