Please refer enclosed file.
Awaiting price reaction for this filing.
KPIL's board recommended a final dividend of Rs. 9 per equity share (450% on face value of Rs. 2) for FY25, subject to shareholder approval at the upcoming AGM. The board re-appointed Mr. Shailendra Kumar Tripathi as Deputy Managing Director for 3 years starting 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 second term ended on May 18, 2025. M/s. Kapoor & Ved were appointed as Secretarial Auditors for a 5-year term (FY25-26 to FY29-30). The board also authorized up to USD 29 million additional funding for its Brazil subsidiary (Kalpataru Power DO Brasil) and approved a stock option scheme for employees of its Sweden step-down subsidiary LMG covering up to 5% of LMG's equity.
The 450% final dividend reflects strong profitability and consistent shareholder returns, likely a positive for income-focused investors, though the actual yield depends on the stock price. The subsidiary funding signals continued international expansion, while director changes are routine governance updates. Short-term stock reaction is expected to be modest pending record date announcement.