Please refer enclosed file.
Awaiting price reaction for this filing.
Kalpataru Projects International Limited's board, at its meeting on 16th May 2025, recommended a final dividend of Rs. 9 per equity share (450% on face value of Rs. 2) for FY2024-25, subject to shareholder approval. The board approved the re-appointment of Mr. Shailendra Kumar Tripathi as Deputy Managing Director for three years starting 22nd October 2025, and noted the end of Ms. Anjali Seth's tenure as Independent Director on 18th May 2025, with Ms. Raksha Kothari appointed as new Independent Director for five years from 19th May 2025. M/s. Kapoor & Ved was appointed as Secretarial Auditor for a five-year term from FY2025-26 to FY2029-30. The board also cleared up to USD 29 million in additional funding for its Brazilian subsidiary Kalpataru Power DO Brasil, approved a share-based incentive plan covering up to 5% equity of Swedish step-down subsidiary Linjemontage I Grastorp AB, and amended the company's fair disclosure code for unpublished price sensitive information.
Shareholders stand to receive a strong 450% final dividend, while board continuity is maintained with key leadership re-appointments. The subsidiary funding and ESOP approvals signal ongoing investment in international growth, with limited immediate share-price impact expected from the routine governance updates.