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KPIT Technologies Ltd — Capital/Financing Update 2025
Apr 14, 2025
59234_rns_2025-04-14_42f26779-f77d-4fb9-afde-e30f86f28c44.pdf
Capital/Financing Update
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April 14, 2025
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: - Further Investment in KPIT engineering SUARL, Tunisia by KPIT Technologies GmbH, wholly owned step-down subsidiaries of the KPIT Technologies Limited (“KPIT India”)
Ref:Disclosure of events & information pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
We wish to inform you that KPIT Technologies GmbH (“KPIT Germany”) (wholly owned step-down subsidiary) has invested EURO 1.37 million towards share capital of KPIT engineering SUARL, Tunisia (“KPIT Tunisia”) (wholly owned step-down subsidiary). The extract of increase in capital registration issued by Tunisian National Company Register, received by KPIT India on April 14, 2025.
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.
The details of disclosure pursuant to Para A of Part A of Schedule III of the Listing Regulations read with SEBI Circular dated November 11, 2024, are enclosed herewith as “Annexure-A”.
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: 2025.04.14 22:34:44 +05'30'
Nida Deshpande
Company Secretary & Compliance Officer
O +91 20 6770 6000 E [email protected] 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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| Sl | Particulars | Details |
|---|---|---|
| 1 | Name of the target entity, details in brief such as size,turnover etc. |
KPIT engineering SUARL (“KPIT Tunisia”) (whollyowned step-down subsidiary) |
| 2 | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” |
Promoter/ Promoter Groups/ Group Companies do not have any interest. None of the KPIT Directors have any interest. This transaction is Related Party Transaction being wholly owned subsidiary of KPIT Germany. |
| 3 | Industry to which the entity being acquired belongs |
Automotive |
| 4 | Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) |
This is a nearshore development center for Technica GmbH, who is the sole customer of KPIT Tunisia and therefore, there is no impact on consolidated Profit and Loss for the Company. |
| 5 | Brief details of any governmental or regulatory approvals required for the acquisition |
Not Applicable |
| 6 | Indicative time period for completion of the acquisition |
Not Applicable |
| 7 | Consideration – whether cash consideration or share swap or any other form and details of the same |
100% Cash consideration |
| 8 | Cost of acquisition and/or the price at which the shares are acquired |
EURO 1.37 million towards further investment in share capital of KPIT Tunisia. 451,110 shares are issued to KPIT Germany. |
| 9 | Percentage of shareholding / control acquired and / or number of shares acquired |
KPIT Tunisia is wholly owned subsidiary of the KPIT Germany. |
| 10 | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). |
KPIT engineering SUARL with its legal seat in Sfax, Tunisia registered with National company Register under 1823706N. Date of Incorporation: 5thMay 2023 Turnover: Not Applicable No of Employees: 574 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. |
KPIT Technologies Limited Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
O +91 20 6770 6000 E [email protected] W kpit.com
CIN: L74999PN2018PLC174192