Kalpataru Projects International Ltd. Successfully Concludes 43rd AGM, Shareholders Approve Resolutions

Kalpataru Projects International Limited (KPIL) successfully concluded its 43rd Annual General Meeting (AGM) on July 15th, 2024. The meeting witnessed high shareholder participation, primarily through e-voting, with a total of 162,446,152 votes polled, representing 87.16% of outstanding shares.

Key Resolutions Passed:

• Adoption of Financial Statements: Shareholders approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2024.
• Final Dividend: Shareholders approved the final dividend of Rs. 8 per equity share for the fiscal year 2023-24.
• Reappointment of Director: Mr. Parag M. Munot (DIN: 00136337) was reappointed as director, having retired by rotation.
• Ratification of Cost Auditor's Remuneration: Shareholders ratified the remuneration of the cost auditor for the financial year ending March 31, 2025.
• Authority under Section 180(1)(a): Shareholders granted authority to the Board of Directors under Section 180(1)(a) of the Companies Act, 2013.

Voting Details:

All resolutions were passed with overwhelming support from shareholders. The voting results are as follows:

About Kalpataru Projects International Limited:

Kalpataru Projects International Limited is one of India's largest engineering and construction companies. The company operates in various sectors, including power transmission and distribution, infrastructure, oil and gas pipelines, railways, and urban infrastructure.