Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations

Key Decisions:

Management Appointment:

The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, approved the elevation of Mr. Amit Uplenchwar (DIN: 06862760) as Joint Managing Director & CEO (designate).

Mr. Uplenchwar was appointed as Additional Director and Joint Managing Director & CEO (Key Managerial Personnel) effective from 01st January, 2027. His term will be for 5 years, from 01st January, 2027 to 31st December, 2031 (both days inclusive), subject to shareholder approval.

Mr. Uplenchwar is not related to any existing Director and is not debarred from holding director office by SEBI or any other authority.

Professional Background of Mr. Amit Uplenchwar:

  • Education: Bachelor of Engineering in Mechanical Engineering from Nagpur University, MBA in Finance and Information Technology from Maastricht University
  • Experience: Over three decades in Corporate Strategy, Business Operations, Business Development, Mergers & Acquisitions, and International Business Management
  • Sectors: Transportation, Power, Water, Oil & Gas, Aerospace & Defence, and Logistics
  • Previous Associations: Hindustan Construction Company (HCC), Adani Ports and SEZ, Dodsal Engineering and Construction, Arthur Andersen, Sea King Infrastructure Limited
  • KPIL Tenure: Over six years with significant contributions to strategic initiatives including divestment of non-core subsidiaries and expansion of international footprint
  • Key Projects: Secured marquee projects from Saudi Aramco and major gas pipeline project in United Arab Emirates

Promoter Reclassification:

The Board approved requests dated 03rd November, 2026 from Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga (spouse of Mr. Imtiaz Kanga) seeking reclassification from 'Promoter Group' category to 'Public' category under Regulation 31A of SEBI LODR Regulations.

The Board noted that they satisfy conditions prescribed under Regulation 31A(3)(b) of LODR Regulations. The reclassification is subject to necessary approvals including shareholder approval and completion of prescribed process.

Other Significant Information:

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Financial Highlights:

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Corporate Actions:

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Segment-wise Performance:

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