Kalpataru Projects arm incorporates Indian subsidiary to boost engineering operations
Linjemontage I Grästorp AB (LMG AB), a first-level step-down subsidiary of Kalpataru Projects, incorporates LM Operation Center India Private Limited on August 14, 2026
Kalpataru Projects International Limited has recently incorporated a wholly-owned subsidiary in India to bolster its engineering operations, reports indicate. The newly created entity, LM Operation Center India Private Limited, was established on August 14, 2026, following the approval of its Certificate of Incorporation from the Ministry of Corporate Affairs on September 1, 2026.
This strategic move aims to bolster LMG AB's project and engineering execution capabilities through the establishment of an operation center in India. With an authorized capital of ₹3 crore and a subscribed capital of ₹1.5 crore, the company's 30 lakh equity shares, priced at ₹10 each, are entirely held by LMG AB and its nominee shareholder.
Despite being a step-down subsidiary of Kalpataru Projects, the new entity boasts full ownership by LMG AB and currently operates without any reported turnover. The transaction, while classified as a related party transaction due to the full equity subscription by a step-down subsidiary, does not involve any promoter or group company interests.
As of Tuesday, KPIL shares were trading at ₹1,408.40 on the NSE, marking a 0.54 percent increase from the previous close of ₹1,400.90, and demonstrating a year-to-date return of over 17 percent and a three-year return of more than 114 percent.
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