Please refer enclosed file.
Awaiting price reaction for this filing.
The Board of KPIL (BSE: 522287, NSE: KPIL) held on 16th May 2025 approved several key items. It recommended a final dividend of Rs. 9 per equity share on a face value of Rs. 2 (i.e., 450%) for FY25, subject to shareholder approval. Mr. Shailendra Kumar Tripathi was re-appointed as Deputy Managing Director for 3 years (Oct 2025 to Oct 2028). Independent Director Ms. Anjali Seth's tenure ends on 18th May 2025, and Ms. Raksha Kothari (corporate/M&A lawyer) will join as Independent Director for 5 years from 19th May 2025. The Board also appointed M/s. Kapoor & Ved as Secretarial Auditors for 5 years (FY26 to FY30).
The 450% final dividend highlights strong cash generation and a shareholder-friendly payout stance, likely to be received positively by income-focused investors. The USD 29 Mn funding infusion into the Brazil subsidiary and an ESOP scheme at the Swedish arm signal continued investment in international growth and talent retention, which could support long-term expansion though it may modestly dilute KPIL's stake in LMG.