Kalpataru Projects International Limited (KPIL) has extended the validity of its counter bank guarantees for Kalpataru IBN Omairah Company Limited until September 30, 2027. Additionally, Mr. Sriram Pechiappan has been appointed as President – Group Assurance and designated as Senior Management Personnel, effective October 31, 2025. The decisions were made during a board meeting held on October 31, 2025.
Counter Bank Guarantee Extension
The Board has approved the extension of counter bank guarantees, not exceeding USD 10 Million, for Kalpataru IBN Omairah Company Limited. The extension is valid up to September 30, 2027. Authority regarding this has been delegated to the Executive Committee of the Board.
Details of Guarantee Extension
The guarantees are for the benefit of lender(s) to Kalpataru IBN Omairah Company Limited. This extension does not significantly impact the listed entity and relates to contingent liabilities.
Senior Management Appointment
Mr. Sriram Pechiappan has been appointed as President – Group Assurance and designated as Senior Management Personnel (SMP) of the Company. His appointment is effective from October 31, 2025. Mr. Pechiappan has over 27 years of experience in Finance and Internal Audit, and has been associated with companies like Reliance Industries and Asian Paints.
Source: BSE
