Please refer enclosed file.
Awaiting price reaction for this filing.
The board of Kalpataru Projects International Limited (KPIL) met on 16th May 2025 and approved several key items. It recommended a final dividend of Rs. 9 per share (450%) on equity shares of Rs. 2 face value for FY25, subject to shareholder approval. Mr. Shailendra Kumar Tripathi was re-appointed as Deputy Managing Director for 3 years starting 22 October 2025, while Ms. Anjali Seth steps down as Independent Director after completing her second term on 18 May 2025. Ms. Raksha Kothari, a senior M&A lawyer, joins as new Independent Director for 5 years from 19 May 2025. M/s. Kapoor & Ved was appointed as Secretarial Auditor for a 5-year term through FY30.
The 450% dividend signals strong cash returns for shareholders, while the USD 29 million infusion into the Brazil subsidiary indicates continued investment in international growth. Director changes appear routine with experienced replacements, and the LMG ESOP suggests alignment of Swedish subsidiary management with parent company interests.