News ArticleKalpataru Projects International names Amit Uplenchwar Joint Managing Director & CEO starting January 2027
Appointment effective from 01 January 2027 for five years subject to shareholder approval; Board also approves key promoter reclassification requests
Kalpataru Projects International Limited's Board approves Mr. Amit Uplenchwar as Joint Managing Director & CEO (designate) effective 1 January 2027 for five years, pending shareholder approval. The Board also approves reclassification request of Mr. Imtiaz Kanga and spouse from Promoter Group to Public category under SEBI regulations.
Kalpataru Projects International Limited
Change in Management
Kalpataru Projects International Limited's Board has appointed Mr. Amit Uplenchwar as Joint Managing Director & CEO designate, effective from 1 January 2027 for a five-year term, subject to shareholder approval.
Mr. Amit Uplenchwar will also serve as an Additional Director starting 1 January 2027. He holds a Bachelor's in Mechanical Engineering and an MBA from Maastricht University, boasting over 30 years of leadership experience in corporate strategy and international business across multiple sectors.
The Board also approved the reclassification requests of Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga, moving them from the Promoter Group category to the Public category under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pending shareholder approval and regulatory compliance.
The Board meeting was held on 5 November 2026 and included recommendations from the Nomination and Remuneration Committee, reflecting the company’s governance and compliance with SEBI regulations.
Highlights
- Appointment of Amit Uplenchwar as Joint Managing Director & CEO effective 01 January 2027 for a term of five years
- Uplenchwar to be an Additional Director and Key Managerial Personnel
- His background includes leadership roles in infrastructure and EPC businesses with international experience
- Approval of reclassification requests of Mr. Imtiaz Kanga and spouse from Promoter Group to Public category under SEBI regulations
- Approvals subject to shareholder consent and regulatory process completion
- Board meeting held on 5 November 2026 from 3:30 p.m. to 6:13 p.m. IST
Key Data Snapshot
What happened
- Kalpataru Projects International’s Board approved the appointment of Mr. Amit Uplenchwar as Joint Managing Director & CEO (designate) from 01 January 2027.
- His appointment is for a five-year period ending 31 December 2031, subject to shareholder approval.
- The Board also approved his appointment as an Additional Director and as a Key Managerial Personnel.
- Reclassification requests of Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga from Promoter Group to Public category were approved, pending shareholder and regulatory approvals.
Key details
- Mr. Amit Uplenchwar has over three decades of experience in sectors including Transportation, Power, Water, Oil & Gas, Aerospace & Defence, and Logistics.
- He has an engineering degree from Nagpur University and an MBA from Maastricht University.
- His prior roles include leadership positions at Hindustan Construction Company, Adani Ports and SEZ, Dodsal Engineering and Construction, and others.
- He has contributed to strategic initiatives such as divestment of non-core subsidiaries and securing major projects with Saudi Aramco and a UAE gas pipeline project.
- The Board meeting commenced at 3:30 p.m. IST and concluded at 6:13 p.m. IST on 5 November 2026.
Regulatory and governance context
- Appointment and reclassification approvals are subject to compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Reclassification was approved as Mr. Imtiaz and Mrs. Yasmin Kanga satisfy prescribed conditions under Regulation 31A(3)(b).
- Mr. Amit Uplenchwar is not related to any existing director and is not barred from holding office by SEBI or any other authority.
Highlights
- Appointment of Amit Uplenchwar as Joint Managing Director & CEO effective 01 January 2027 for a term of five years
- Uplenchwar to be an Additional Director and Key Managerial Personnel
- His background includes leadership roles in infrastructure and EPC businesses with international experience
- Approval of reclassification requests of Mr. Imtiaz Kanga and spouse from Promoter Group to Public category under SEBI regulations
- Approvals subject to shareholder consent and regulatory process completion
- Board meeting held on 5 November 2026 from 3:30 p.m. to 6:13 p.m. IST
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Reclassification request of Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga from Promoter Group to Public category
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