KPKalpataru Projects International522287Leadership appointment or

Board approves Amit Uplenchwar as Joint MD & CEO designate; Kanga promoter-group reclassification

Board approved Mr. Amit Uplenchwar as Joint MD & CEO (designate); as Additional Director & Joint MD & CEO from 01st January, 2027 for 5 years, subject to shareholder approval.

By ScoutQuest · Thu 5 Nov 2026, 6:19 PM IST · 2 min read

Appointment

Mr. Amit Uplenchwar as Joint MD & CEO (designate); Additional Director & Joint MD & CEO from 01st January, 2027

Term

5 (five) years, up to 31st December, 2031, subject to shareholder approval

Reclassification

Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga from Promoter Group to Public, subject to approvals

Two decisions were taken at the board meeting held on 05th November, 2026.

A new Joint Managing Director & CEO

• The board, on the recommendation of the Nomination and Remuneration Committee, approved the elevation of Mr. Amit Uplenchwar (DIN: 06862760) as Joint Managing Director & CEO (designate).
• It also approved his appointment as an Additional Director and Joint Managing Director & CEO (Key Managerial Personnel) effective 01st January, 2027.
• The term is 5 (five) years, from 01st January, 2027 to 31st December, 2031, both days inclusive.
• The appointment is subject to the approval of the shareholders.
• The update states he is not related to any director on the board, and is not debarred from holding the office of a director by any order of SEBI or any other such authority.

Who is Mr. Amit Uplenchwar

• He holds a Bachelor of Engineering in Mechanical Engineering from Nagpur University and an MBA in Finance and Information Technology from Maastricht University.
• He brings over three decades of experience in corporate strategy, business operations, business development, mergers and acquisitions, and international business management, across transportation, power, water, oil & gas, aerospace & defence, and logistics.
• Before KPIL, he was associated with Hindustan Construction Company (HCC) and held key positions at Adani Ports and SEZ, Dodsal Engineering and Construction, Arthur Andersen and Sea King Infrastructure Limited.
• During his tenure of over six years with KPIL, the update credits him with a role in divesting non-core subsidiaries to sharpen focus on the core EPC business, expanding the international footprint, and securing projects from Saudi Aramco and a major gas pipeline project in the United Arab Emirates.

Promoter group to public reclassification

• The board considered and approved requests dated 03rd November, 2026 from Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga (spouse of Mr. Imtiaz Kanga) seeking reclassification from the Promoter Group category to the Public category under Regulation 31A of the LODR Regulations.
• The board noted that they satisfy the conditions prescribed under Regulation 31A(3)(b) of the LODR Regulations.
• The approval is subject to necessary approvals, including shareholder approval, and completion of the prescribed process.

What a reader should track

• Both items are board approvals that still need shareholder approval to take effect.
• The change of role for the senior executive takes effect from 01st January, 2027, so the current structure continues until then.
• The reclassification, once completed, moves the two named individuals out of the promoter group category into the public category.

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