KPIT Technologies Ltd — Capital/Financing Update 2024

Oct 21, 2024

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October 21, 2024

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 / Madam,

• Subject: - Disclosure of events & information pursuant to Regulation 30 – Update on Acquisition of Technica Group

This is with reference to our earlier intimation dated September 21, 2022, regarding approval of acquisition of Technica Engineering GmbH, Germany, Technica Electronics Barcelona S.L., Spain, Technica Engineering Spain S.L., Spain, and Technica Engineering Inc, USA (“Technica Group”) through KPIT Technologies GmbH & KPIT Technologies Inc. respectively, both KPIT entities are wholly owned step-down subsidiary of the Company.

Our further communication dated January 31, 2023, through quarterly financial results for quarter ended December 31, 2022, intimating acquisition of entire stake in / of Technica Group, by way of payment of an upfront fixed consideration of Euro 60 million & balance fixed consideration Euro 20 million was paid (total fixed consideration of Euro 8O million).

We wish to inform you that the Company has completed the 1[st] Milestone of Euro 14.5 million out of the maximum variable consideration of Euro 30 million. Breakup of Euro 14.5 million is as follows:

• Euro 9.5 million is towards earnout towards achievement of performance conditions &

• Euro 5 million towards acquisition of KPIT engineering SUARL, Tunisia. This is the nearshore development center for Technica GmbH, who is their sole customer.

Please note that, above transaction will not affect any business & will not have any impact on the financial reporting or operations etc. of the Company.

Kindly take the same on your records.

Yours faithfully,

For KPIT Technologies Limited

Digitally signed by DESHPANDE DESHPANDE NIDA YUNUS NIDA YUNUS Date: 2024.10.21 12:52:57 +05'30'

Nida Deshpande Company Secretary & Compliance Officer

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

KPIT Technologies Limited Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.

CIN: L74999PN2018PLC174192