Kalpataru Projects International Limited announced that its first-level step-down material subsidiary, Linjemontage i Grästorp AB (LMG), has been admitted for trading on Nasdaq Stockholm effective September 25, 2026. The listing follows an offer for sale by existing shareholders, reducing the indirect holding of Kalpataru Power Transmission Sweden AB (KPTS) in LMG to approximately 65.93%.

The offering comprises up to 16,458,363 equity shares priced at SEK 46 per share, representing up to 32.1% of LMG’s total shares. This includes a base offering of 14,311,620 shares and an over-allotment option of up to 2,146,743 additional shares. KPTS is the primary selling shareholder, offering 13,319,670 shares in the base tranche and up to 2,146,743 additional shares subject to the green shoe option. Employee and director shareholders are selling 991,950 shares.

Stake Reduction and Proceeds

Upon full subscription and assuming complete exercise of the over-allotment option, KPTS’s stake in LMG will decrease from 96.12% (49,240,500 shares) to 65.93% (33,774,087 shares). KPTS is expected to receive gross proceeds of SEK 711.45 million, subject to customary adjustments, issue expenses, and set-offs. A stabilization mechanism involving the additional 2,146,743 shares provided by KPTS will be utilized by issue managers under Article 5(4) of the EU Market Abuse Regulation for a period of 30 calendar days from listing.

What the Numbers Show

The transaction highlights a significant dilution of control by KPTS, which retains a majority stake at 65.93% post-listing. The gross proceeds of SEK 711.45 million represent a substantial capital realization for the parent entity, driven primarily by the sale of base offering shares and potential over-allotment exercises. The stabilization mechanism covers 15% of the total offering size, indicating a structured approach to price management during the initial trading period.

Kalpataru Projects International will attend the Bharat Connect Conference: Rising Stars on September 30, 2026. The event is a virtual group meeting organized by Arihant Capital Markets Ltd.

The company disclosed the schedule in a filing dated September 24, 2026. The meeting is intended for analysts and institutional investors. Kalpataru stated that no unpublished price sensitive information would be shared during the session.

Meeting Details

The participation falls under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific nature of the engagement is a group meeting conducted via virtual mode.

The company noted that the meeting schedule is subject to change. This intimation ensures transparency regarding interactions with the investment community.