General Updates

KPIL/26-27 09th September, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department ‘Exchange Plaza’, C-1, Phiroze Jeejeebhoy Towers Block ‘G’, Bandra-Kurla Complex Dalal Street, Fort Bandra (E) Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 522287 Scrip Code: KPIL Sub.: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Initial public offering of equity shares of Linjemontage I Grästorp AB, a (96.12%) first level step down material subsidiary of the Company (“LMG”) Dear Sir / Madam, In accordance with Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”), as amended from time to time, we hereby inform that the Board of Directors of Kalpataru Power Transmission Sweden AB (“KPTS”), a wholly owned subsidiary of the Company at its meeting held today i.e. on 09th September, 2026, inter-alia, considered and approved the offering of equity shares held in LMG in the initial public offering being announced by LMG and listing of LMG’s shares on Nasdaq Stockholm. The offering is expected to consist of existing shares in LMG offered by KPTS and certain other selling shareholders being management investors (together, the “Selling Shareholders”). The offer by Selling Shareholders of equity shares having quota value of SEK 0.50 each is being made at an offer price representing a valuation for all shares in LMG following the offering of upto approximately SEK 2,350 million (equivalent to approx. Indian Rupees 2,324 Crores at current exchange rate), subject to such revisions as may be permissible under applicable laws and other customary requirements. The proposed offering remains subject to, inter alia, prevailing market conditions, receipt of necessary approvals and clearances, and such other customary considerations as may be applicable. Upon completion of the proposed offering and listing, LMG is expected to continue to remain a step-down subsidiary of the Company. The details as required under Regulation 30 of LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 are provided in ‘Annexure A’. A copy of the press release announcing intention to launch initial public offering of shares being issued by LMG is enclosed herewith as ‘Annexure B’. The above information was received by the Company from KPTS on 09th September, 2026 at about 10:00 a.m. IST. We request you to take the same on record. Thanking you, Yours faithfully, For Kalpataru Projects International Limited Shweta Girotra Company Secretary Encl.: As above Corporate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500 Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000 Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281 Annexure A SN Particulars Details a. The amount and percentage of the turnover Gross Consolidated Turnover of LMG for F.Y. ended or revenue or income and net worth 31-03-2026: Approx. SEK 3,225.11 Million (~USD contributed by such unit or division or 341.16 Million)* undertaking or subsidiary or associate company of the listed entity during the last % of Consolidated Revenue of KPIL for F.Y. ended financial year 31-03-2026: ~11.14% Consolidated Net worth of LMG as on 31-03-2026: Approx. SEK 334.25 Million (~USD 35.36 Million)* % of Consolidated Net worth of KPIL as on 31-03- 2026: ~4.5% *Exchange rate used for conversion 1 USD = SEK 9.45 b. Date on which the agreement for sale has Not Applicable been entered into c. The expected date of completion of The proposed offering remains subject to, inter alia, sale/disposal prevailing market conditions, receipt of necessary approvals and clearances, and such other customary considerations as may be applicable. The initial public offering is expected to be completed by the end of September 2026. The Company will keep on updating material developments from time to time. d. Consideration received from such The consideration that may be received by KPTS will sale/disposal be determined at a later stage. The Company will keep on updating material developments from time to time. e. Brief details of buyers and whether any of the The offering is expected to include an offering to the buyers belong to the promoter/promoter general public in Sweden and an offering to group/group companies. If yes, details institutional investors in Sweden and abroad, as thereof permissible under applicable laws. None of the buyers belong to the promoter/promoter group/group companies. f. Whether the transaction would fall within Not Applicable related party transactions? If yes, whether the same is done at “arm’s length” g. Whether the sale, lease or disposal of the Not Applicable undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations h. Additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale Corporate Office: Kalpataru Synergy, 7th Floor, Opp. Grand Hyatt, Santacruz (E), Mumbai - 400055. India | Tel: +91 22 3064 2100/+91 22 6885 1500 Registered Office: Plot No. 101, Part-III, G.I.D.C. Estate, Sector - 28, Gandhinagar - 382 028, Gujarat, India | Tel: +91 79 2321 4000 Email: info@kalpataruprojects.com | Website: www.kalpataruprojects.com | CIN: L40100GJ1981PLC004281 Annexure B NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES Linjemontage intends to list its shares on Nasdaq Stockholm Linjemontage i Grästorp Aktiebolag (publ) (“Linjemontage” or the “Company”), one of the leading Swedish pure-play engineering, procurement and construction (“EPC”)1 providers within power infrastructure, announces the intention to launch an initial public offering of the Company's shares (the “Offering”), and to apply for the admission to trading of the shares on Nasdaq Stockholm Main Market (together with the Offering, the “Listing”). The Offering is expected to consist of existing shares in the Company offered by Kalpataru Power Transmission Sweden AB (“Kalpataru Sweden”) and certain other selling shareholders2 (together, the “Selling Shareholders”). Linjemontage is a key enabler in the modernisation and expansion of the electricity grid in Sweden and Norway. The Company is one of few EPC providers focused exclusively on power infrastructure with capabilities covering the full voltage range up to 400 kV. Linjemontage’s offering covers the entire value chain from planning and design through procurement, construction and commissioning across substations and transmission and distribution networks. Linjemontage operates in a market underpinned by structural investment needs. Sweden’s transmission grid is among the oldest in Europe, reflecting decades of underinvestment. At the same time, accelerating electrification, industrial expansion, data-centre growth and shifting regional power flows are increasing the need for new transmission capacity. The result is a significant and long-term investment requirement to both modernise ageing power grid infrastructure and expand the electricity grid in Sweden and Norway to meet growing demand, relieve bottlenecks and support continued electrification. The serviceable addressable market for grid investments in Sweden is expected to grow at an 11 per cent CAGR until 2030.3 Linjemontage is well positioned to [Showing first 8,000 characters — download PDF for full document]