KALPATARU POWER TRANSMISSION LTD.

Kalpataru Projects International Ltd (KPIL) has provided an update on the arbitration proceedings involving its joint venture, Kurukshetra Expressway Private Limited (KEPL). The Hon'ble Delhi High Court, vide its order dated September 28, 2026, upheld a previous order dated July 28, 2026, which had partially set aside an arbitral award. The award related to a termination payment and interest for a road project terminated in 2021. KEPL, based on legal advice, believes it has a strong case to challenge the High Court's order and is taking appropriate legal steps, including filing a petition. The company received the latest order on September 28, 2026.

Kalpataru Projects International Limited (KPIL) has announced securing a significant Letter of Award (LoA) for an Engineering, Procurement, and Construction (EPC) project involving a gas pipeline in the United Arab Emirates. The company classifies this order as 'Major', indicating a value exceeding ₹4,000 crore. This international win highlights KPIL's established expertise and track record in the global Oil and Gas sector, reinforcing its capabilities in executing complex projects worldwide. The company, a leading EPC player, operates across various sectors including Oil & Gas, Power, and Infrastructure.

Kalpataru Projects International Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from October 1, 2026, and will remain in effect until 48 hours after the declaration of the financial results for the quarter and half-year ending September 30, 2026. The company will announce the date of the board meeting to consider these financial results in due course.

Kalpataru Projects International Limited (KPIL) announced the successful listing of its step-down subsidiary, Linjemontage i Grästorp AB (LMG), on Nasdaq Stockholm. This marks KPIL as the first Indian company to list its foreign subsidiary on this exchange. The IPO was priced at SEK 46 per share, valuing LMG at SEK 2,357 million. KPIL, through Kalpataru Power Transmission Sweden AB, retains approximately 65.9% stake in LMG post-listing and will receive gross proceeds of approximately SEK 711.5 million. This listing is expected to accelerate Linjemontage's growth in the Nordic power infrastructure market and unlock value for KPIL shareholders.

Kalpataru Projects International Ltd (KPIL) announced that its first-level step-down material subsidiary, Linjemontage i Grästorp AB (LMG), has commenced trading on Nasdaq Stockholm. The Initial Public Offering (IPO) attracted significant interest, being oversubscribed multiple times by international institutional investors and the Swedish public. The offering comprised existing shares at an Offer Price of SEK 46 per share, valuing the company at SEK 2,356,557,000. An over-allotment option of up to 2,146,743 additional existing shares from Kalpataru Power Transmission Sweden AB is available. The total value of the offering is approximately SEK 658.3 million, potentially reaching SEK 757.1 million if the over-allotment option is fully exercised. Key stakeholders, including Kalpataru Sweden, have entered into 360-day lock-up agreements.

Kalpataru Projects International Ltd (KPIL) announced the Initial Public Offering (IPO) of its first-level step-down material subsidiary, Linjemontage i Grastorp AB (LMG), on Nasdaq Stockholm. The IPO involves an offer for sale by existing shareholders, including KPIL's subsidiary Kalpataru Power Transmission Sweden AB (KPTS), and employee/director shareholders. The total size of the offering is up to 16,458,363 equity shares at SEK 46 per share, representing approximately 32.1% of LMG's total shares. KPTS will sell 13,319,670 shares in the base offering and up to 2,146,743 additional shares subject to the over-allotment option. Upon full exercise of the over-allotment option, KPTS's stake in LMG will reduce from 96.12% to 65.93%. The offering includes a stabilization mechanism using up to 15% of the total offering shares.

Kalpataru Projects International Limited (KPIL) has announced new order wins and notifications of awards totaling approximately ₹2,025 Crores across Indian and international markets. These orders span the Power Transmission & Distribution (T&D), Buildings and Factories (B&F), and Oil & Gas business segments. The MD & CEO expressed satisfaction with these diverse contract wins, highlighting the company's technical expertise and operational excellence. KPIL has secured ₹13,219 crore in orders year-to-date in FY27 and is favorably placed for an additional ₹12,000 crore, indicating strong confidence in achieving growth targets.

Kalpataru Projects International Ltd has received an order from the Additional Commissioner (Appeal) upholding a previous order by the GST Authority. This order demands INR 1.45 Crores in tax, INR 0.15 Crores in interest, and INR 1.45 Crores in penalty for FY 2019-20 to FY 2021-22, citing excess Input Tax Credit (ITC) claims and other violations. The company believes the order was issued without considering its submitted evidence and plans to file a further appeal. Separately, another filing indicates a demand for INR 2.97 Crores in tax, INR 0.16 Crores in interest, and INR 1.61 Crores in penalty for FY 2019-20, FY 2020-21, and FY 2021-22, which the company also intends to appeal. Kalpataru Projects states these demands do not have a significant impact on its operations.

Kalpataru Projects International Ltd (KPIL) has been assigned an Environmental, Social, and Governance (ESG) rating of "62" by Niche Ninety Nine Capability and Certifications (OPC) Private Limited. Niche Ninety Nine, a SEBI registered ESG Rating Provider, informed the company of this rating on September 18, 2026. KPIL clarified that it did not engage Niche for this rating; the assessment was conducted independently by Niche based on their own analysis and sources of information.

Kalpataru Projects International Ltd (KPIL) announced that its step-down subsidiary, LMG, has received approval for its IPO prospectus from its Board of Directors and the Swedish Financial Supervisory Authority (SFSA). The IPO involves the sale of up to 15,466,413 equity shares of LMG by Kalpataru Power Transmission Sweden AB (KPTS) and other selling shareholders, representing up to 30.19% of LMG's equity. The offer price implies a valuation of up to approximately SEK 2,350 million (approx. INR 2,324 Crores). LMG's shares are expected to be listed on Nasdaq Stockholm. LMG's consolidated turnover for FY26 was SEK 3,225.11 million (~USD 341.16 million), contributing ~11.14% to KPIL's consolidated revenue. LMG's consolidated net worth as of March 31, 2026, was SEK 334.25 million (~USD 35.36 million), representing ~4.5% of KPIL's consolidated net worth. The IPO is expected to be completed by the end of September 2026, subject to market conditions and approvals.