K.P. Energy board approves director reappointment and MoA changes

K.P. Energy's board of directors, in a meeting held today, approved several key resolutions, including the reappointment of Mr. Affan Faruk Patel as Whole Time Director for a further five years, effective September 29, 2025, subject to shareholder approval. The board also approved special resolutions for the continuation of directorship of Rajendra Kundanlal Desai as a Non-Executive Independent Director. Moreover, alterations to the Object Clause of the Memorandum of Association and the Articles of Association, specifically the deletion of the Common Seal Clause, were approved. The board also approved material related party transactions with both KPI Green Energy Limited and KP Green Engineering Limited (formerly known as KP Buildcon Private Limited). Finally, they authorized a postal ballot process for seeking member consent on the resolutions.