KPIT Technologies Ltd — Capital/Financing Update 2023

Jan 31, 2023

January 31, 2023

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001.

Scrip ID: KPITTECH Scrip Code: 542651

Kind Attn: The Manager, Department of Corporate Services National Stock Exchange of India Ltd.,

Exchange Plaza, C/1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai – 400051.

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager, Listing Department

Dear Sir / Ma'am,

Sub: Disclosure of events or information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, this is to inform you that the Nomination and Remuneration (HR) Committee of the Board of Directors of the Company ("Committee") in its meeting held on January 31, 2023 has considered and approved :

Grant of 41,000 Options to the eligible employees of the Company under the 'KPIT Technologies Limited - Employee Stock Option Scheme 2019A' ("ESOS 2019A"/ "Scheme"/ "KPIT ESOS") of the Company.

The details of Grants are given herein below:

a)	brief details of Options granted	41,000optionstotheeligibleemployeesoftheCompanyasdetermined by the Committee.
b)	whether the scheme is in terms ofSEBI(ShareBasedEmployeeBenefits)Regulations,2014andSEBI(ShareBasedEmployeeBenefitsandSweatEquity)Regulations, 2021 (if applicable)	Yes
c)	total number of shares covered bythese Options;	Not more than 41,000 shares.
d)	*pricing formula;	Exercise price per Option shall bedetermined by the Committee whichshall not be lesser than the face valueof the share (Rs. 10/-) as on date ofGrant of Option.

e)	Options vested;	Nil
f)	time within which Option may beexercised;	The vested Options shall be excisablewithin a period of 5 (Five) years fromthe date of vesting of such Options.
g)	Options exercised;	Nil
h)	money realized by exercise ofOptions;	Nil
i)	the total number of shares arisingas a result of exercise of Option;	Nil
j)	Options lapsed;	Nil
k)	brief details of significant terms;	Pursuant to the Scheme, Options shallvest after the minimum period of 1(One) year but not later than themaximum period of 3 (three) years fromthe date of grant of Options.
l)	subsequent changes orcancellation or exercise of suchOptions;	Nil
m)	diluted earnings per sharepursuant to issue of equity shareson exercise of Options.	Options are yet to be exercised.
n)	conversion ratio	Each Option shall carry the right to beissued one Share of the Company.

*On June 30, 2020, the shareholders approved the amended ESOS 2019A Scheme with the variation of the exercise price per option from 'market price per share as on date of grant' to 'not less than face value of the shares as on date of grant of option as determined by the Nomination & Remuneration (HR) Committee of the Board of Directors of the Company'. Accordingly, the Nomination and Remuneration (HR) Committee, have approved the grant of options at the modified exercise price of Rs. 10/- per option.

Kindly take the same on your records.

Thanking you,

Yours Faithfully

For KPIT Technologies Limited

DESHPANDE NIDA YUNUS Digitally signed by DESHPANDE NIDA YUNUS Date: 2023.01.31 14:10:09 +05'30'

Nida Deshpande Company Secretary and Compliance Officer

O +91 20 6770 6000 E info@kpit.com W kpit.com