Kalpataru Limited has announced the appointment of Mr. Gajendra Mewara as Company Secretary and Compliance Officer, effective February 6, 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee during their meeting held on February 6, 2026.

Board Meeting Outcome and Regulatory Compliance

The Board meeting commenced at 3:40 p.m. (IST) and concluded at 7:30 p.m. (IST) on February 6, 2026. The company has made this appointment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background and Experience

Mr. Gajendra Mewara brings substantial expertise to his new role at Kalpataru Limited. He is a qualified Company Secretary and Law Graduate with over 18 years of extensive experience in corporate secretarial functions, board processes, corporate governance, and compliance management.

His professional experience spans diverse sectors including healthcare, automobile, infrastructure, insurance, and real estate.

Key Assignments and Expertise

Mr. Mewara has handled several complex corporate transactions and governance frameworks throughout his career:

Recent Professional Experience

Prior to joining Kalpataru Limited, Mr. Mewara served as Company Secretary and Compliance Officer at Vertis Fund Advisors Private Limited, which serves as the investment manager to the Vertis Infrastructure Fund, an Infrastructure Investment Trust (InvIT) sponsored by KKR.

His career also includes the position of Company Secretary and Compliance Officer at The Phoenix Mills Limited, along with key roles at Mahindra & Mahindra Limited, Aditya Birla Sun Life Insurance Company Limited, and Metropolis Healthcare Limited.

Regulatory Disclosure and Documentation

The appointment has been made in accordance with SEBI Master Circular with no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has fulfilled all disclosure requirements and uploaded the intimation on its website at https://www.kalpataru.com/investor-corner for stakeholder reference.

The formal communication has been sent to both National Stock Exchange of India Limited (NSE Code: KALPATARU) and BSE Limited (BSE Code: 544423) as per regulatory requirements.

Kalpataru Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following the board meeting held on February 06, 2026. The company presented a mixed performance with standalone operations showing improvement while consolidated results reflected challenges. Additionally, the board approved significant fund raising through Non-Convertible Debentures.

Board Approves ₹350 Crore NCD Issuance

The board meeting, which commenced at 3:40 p.m. and concluded at 7:30 p.m., approved fund raising initiatives through issuance of Non-Convertible Debentures:

Security and Guarantee Structure

The NCDs will be secured through comprehensive security arrangements:

Standalone Financial Performance

The company's standalone operations demonstrated a turnaround in Q3FY26 compared to the previous year:

For the nine months ended December 31, 2025, standalone operations reported a net loss of ₹1,502 lakhs compared to a profit of ₹699 lakhs in the corresponding period of the previous year.

Consolidated Financial Results

The consolidated financial performance showed different trends with higher operational scale but increased losses:

For the nine-month period, consolidated operations reported a net loss of ₹11,391 lakhs compared to a profit of ₹442 lakhs in the previous year.

Exceptional Items and Employee Benefits

Both standalone and consolidated results included exceptional items related to new Labour Codes notified by the Government of India on November 21, 2025. The impact was ₹174 lakhs for standalone operations and ₹770 lakhs for consolidated operations, primarily affecting gratuity and leave encashment provisions due to revised wage definitions.

The company granted 15,94,100 employee stock options under the ESOS 2024 scheme at an exercise price of ₹306 per option. The utilization of IPO proceeds showed ₹1,55,863 lakhs utilized out of ₹1,59,000 lakhs, with ₹3,137 lakhs remaining unutilized.