Kalpataru Projects International Limited — JV/Acquisition, 27-04-2026: Acquisition

Kalpataru Projects International (KPIL) has completed the acquisition of the remaining 35% equity stake in Kalpataru Projects Arabia Company (formerly KIOCL) for SAR 10 Million. This strategic move transforms Kalpataru Projects Arabia into a wholly-owned subsidiary, significantly strengthening KPIL's presence and operational footprint within the Saudi Arabian market. The acquired entity operates in the same EPC sector, focusing on power transmission, distribution, and substation projects, aligning perfectly with KPIL's core business and enhancing its regional consolidation.