KPIL Provides Update on Sale of Vindhyachal Expressway Subsidiary

Kalpataru Projects International Limited (KPIL) has shared an important update regarding the sale of its wholly owned subsidiary, Vindhyachal Expressway Private Limited, in line with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR).

Background of the Transaction

Earlier, on 9 October 2024, KPIL had informed stock exchanges that it entered into definitive agreements to sell its entire 100% stake in Vindhyachal Expressway Private Limited to Actis Atlantic Holdings Limited.

The proposed transaction was valued at an estimated enterprise value of around ₹775 crore, subject to customary closing adjustments and regulatory approvals. At the time, the company had indicated that the deal was expected to be completed within 15 months from the date of signing the agreements.

Latest Update on Deal Progress

In its latest disclosure dated 7 January 2026, KPIL confirmed that:

• All necessary approvals and conditions precedent required for the transaction have now been completed.

• The transaction has reached an advanced stage of closing.

• The company expects the deal to be completed on or before 31 January 2026, which has been identified as the revised Long Stop Date.

KPIL also clarified that the formal intimation regarding the extension of the Long Stop Date was received by the company on 7 January 2026 at 4:48 PM (IST).