Kalpataru unit LMG starts Nasdaq trading.

Kalpataru Projects International Limited

unit Linjemontage i Grästorp AB (LMG) has begun trading on Nasdaq Stockholm. The offer for sale covers up to 32.1 percent of the stake. Shares of LMG started trading on 25 September 2026. The offer for sale by Kalpataru Power Transmission Sweden AB and others includes up to 32.1 percent of equity with the overallotment option. The offer price was set at SEK 46 per share. The key trigger is the start of trading on 25 September 2026 and the up to 32.1 percent stake sale. This monetises part of the Swedish EPC business while Kalpataru retains majority control. Peers such as KEC International, Power Grid and Larsen & Toubro may see limited direct impact. Near-term price reaction could reflect the listing outcome. Risks include post-listing share performance and currency moves. Competitors listed: KEC International, Power Grid, Larsen & Toubro. We have no financial interest in this news.