Kalpataru Projects International Limited (KPIL) has completed the full divestment of its equity stake in subsidiary Kohima-Mariani Transmission Limited (KMTL) to Apraava Energy Private Limited (Apraava).
The company had previously disclosed on July 3, 2019, that it entered into definitive agreements with Apraava Energy for this sale. At that time, KPIL had already sold approximately 48% stake in KMTL to Apraava.
The remaining balance of approximately 26% equity shareholding in KMTL was subject to obtaining requisite regulatory approvals and needed to be completed in a manner consistent with the transmission service agreement.
On June 24, 2026, the company completed the sale and transfer of this remaining ~26% equity shareholding in KMTL to Apraava Energy.
This transaction represents KPIL's complete exit from KMTL, with the entire equity shareholding now transferred to Apraava. The company received formal intimation of completion of all necessary formalities on June 25, 2026, at approximately 11:21 AM IST.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Financial impact of the transaction is not quantified in the disclosure.