Kalpataru's Swedish unit share split finalized, employee scheme now effective

Kalpataru Projects International Limited (KPIL) announced that the share split for its wholly-owned step-down subsidiary, Linjemontage i Grästorp AB (LMG), has been registered by the Swedish Companies Registration Office (SCRO) as of September 1, 2025. This registration makes the previously announced sale of equity shares to identified employees and directors, and an employee stock option scheme for LMG, officially effective.

This development follows earlier intimations regarding the strategic proposal to incentivize LMG’s employees and directors through a share-based benefit scheme, which was contingent upon this share split. The scheme involves the sale of 6,900 equity shares, each with a quota value of SEK 1 (post-split), representing 3.45% of LMG’s equity capital, for an aggregate consideration of SEK 35.81 m, to be received in tranches by March 30, 2027.

Additionally, LMG has granted a maximum of 900 stock options, allowing participants to subscribe for new shares with a quota value of SEK 1 (post-split) per option, representing 0.45% of LMG's equity capital. The exercise price for these options is SEK 5,190.48 per share, with subscription payments based on vesting, which is expected by June 30, 2026.