Awaiting price reaction for this filing.
The board of Kalpataru Projects International Limited (KPIL) recommended a final dividend of Rs. 9 per equity share (450% on face value of Rs. 2) for FY ended 31 March 2025, subject to shareholder approval. It re-appointed Mr. Shailendra Kumar Tripathi as Deputy Managing Director for 3 years from 22 October 2025 to 21 October 2028. Ms. Anjali Seth ceased as Independent Director on 18 May 2025 after completing her second term, and Ms. Raksha Kothari was appointed as Independent Director for 5 years from 19 May 2025. M/s. Kapoor & Ved was appointed as Secretarial Auditor for a 5-year term (FY26–FY30). The board also approved up to USD 29 million in additional funding support for the wholly owned Brazilian subsidiary, a share-based incentive scheme covering up to 5% of equity of Swedish step-down subsidiary LMG, and an amendment to the Fair Disclosure Code under insider trading regulations.
The 450% final dividend is a strong payout signal for shareholders and may support the stock on announcement. Director and auditor changes are routine governance actions, and the subsidiary funding and ESOP approvals reflect continued business expansion with limited direct impact on the listed entity's earnings.