KPIT Technologies Ltd — Capital/Financing Update 2024

Jan 29, 2024

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January 29, 2024

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

National Stock Exchange of India Ltd., Exchange Plaza, C/1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai – 400051.

Scrip ID: KPITTECH Scrip Code: 542651 Kind Attn: The Manager, Department of Corporate Services

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 today i.e. on January 29, 2024 has considered and approved the following business:

Grant of 30,000 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	30,000 options to the eligible employeesof the Company as determined by theCommittee.
b) whether the scheme is in terms ofSEBI(ShareBasedEmployeeBenefits) Regulations, 2014 and SEBI(Share Based Employee Benefits andSweat Equity) Regulations, 2021 (ifapplicable)	Yes
c) total number of shares covered bythese Options;	Not more than 30,000 shares.
d) *pricing formula;	Exercise price per Option shall bedetermined by the Committee whichshall not be lesser than the face value ofthe share (Rs. 10/-) as on date of Grant ofOption.
e) Options vested;	Nil

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

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f) time within which Option may beexercised;	The vested Options shall be excisablewithin a period of 5 (Five) years from thedate 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) Variation of terms of Options	Nil
l) brief details of significant terms;	Pursuant to the Scheme, Options shallvest after the minimum period of 1 (One)year but not later than the maximumperiod of 3 (three) years from the date ofgrant of Options.
m) subsequent changes or cancellationor exercise of such Options;	Nil
n) diluted earnings per share pursuantto issue of equity shares on exerciseof Options.	Options are yet to be exercised.
o) 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 Digitally signed by DESHPANDE NIDA YUNUS NIDA YUNUS Date: 2024.01.29 13:31:01 +05'30'

Nida Deshpande

Company Secretary and 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