announced on Tuesday that its step-down subsidiary has incorporated a new wholly owned company in India, expanding its operational footprint in the country.
Linjemontage I Grästorp AB (LMG AB), a first-level step-down subsidiary of Kalpataru Projects, incorporated LM Operation Center India Private Limited on August 14, 2026. The intimation was submitted after the company received the Certificate of Incorporation from the Ministry of Corporate Affairs on September 1, 2026, at approximately 1:02 p.m. IST.
The new entity has been set up to establish an operation centre in India to enhance LMG AB’s project and engineering execution capabilities. LM Operation Center India Private Limited has an authorised capital of ₹3 crore, comprising 30 lakh equity shares of ₹10 each. The subscribed capital stands at ₹1.5 crore, with LMG AB and its nominee shareholder subscribing to 100 per cent of the equity shares through cash via banking channels. LMG AB holds the entire 100 per cent shareholding in the new entity.
The newly incorporated company is yet to commence business operations and has no turnover history to report. No governmental or regulatory approvals were required for the incorporation.
The transaction qualifies as a related party transaction since a step-down subsidiary of Kalpataru Projects has subscribed to the full equity of the new entity. However, the company clarified that the promoter, promoter group, or any other group company does not hold any interest in the target entity.
KPIL shares closed at ₹1,408.40 on the NSE on Tuesday, up 0.54 per cent from the previous close of ₹1,400.90, with a market capitalisation of approximately ₹24,045 crore. The stock has returned over 17 per cent year-to-date and more than 114 per cent over three years.