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KPIT Technologies Ltd Capital/Financing Update 2026
59234_rns_2026-05-06_60ee3ae5-573c-4048-a793-fec7d0bbf35f.pdf
Capital/Financing Update
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KPIT
May 6, 2026
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 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") - Outcome of the Board Meeting held on May 6, 2026
Time of Commencement of the Board Meeting: 09.15 am IST.
Time of Conclusion of the Board Meeting: 12:35 pm IST.
We wish to inform you that the Board of Directors of the Company, at its meeting held today, inter alia, has approved the following: -
- Audited Standalone Financial Results and Consolidated Financial Results for the quarter and year ended March 31, 2026.
- Audited Standalone Financial Statements and Consolidated Financial Statements for the year ended March 31, 2026.
- Recommendation of Final Dividend at Rs. 5.25/- per equity share of Rs. 10/- each (i.e. 52.5 %) for FY 2025-26, subject to declaration of the same by members at the ensuing Annual General Meeting and will be paid within the statutory timelines as per the Companies Act, 2013 & the Rules made thereunder.
- Acquisition of strategic stake in Cymotive Technologies LTD ("Cymotive"), a leading automotive cybersecurity specialist headquartered in Israel.
Founded jointly by senior Israeli cybersecurity leaders and CARIAD, the automotive software company of the Volkswagen Group, Cymotive specializes in end-to-end vehicle lifecycle cybersecurity, spanning secure architecture, threat modeling, intrusion detection, continuous monitoring, and regulatory / homologation compliance. Cymotive has been a trusted cybersecurity partner to leading global automotive players and brings strong domain depth in addressing automotive-specific cyber threats.
Key offerings of Cymotive include Cybersecurity Management System (CSMS), Automated security & penetration testing (CyClarity), Vulnerability management (CarAlert), Intrusion Detection Systems (IDS), Automotive cybersecurity cloud platform, Engineering, homologation and compliance.
The acquisition of Cymotive aligns with KPIT's long-term strategy of creating differentiated, AI solutions-led value for global OEMs. It strengthens KPIT's capabilities in automotive cybersecurity—a critical and natural extension of its core SDV,
KPIT Technologies Ltd.
Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ,
Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
CIN: L74999PN2018PLC174192
0 +91 20 6770 6000
E [email protected]
W kpit.com
KPIT
embedded, and systems engineering business—while enhancing its value proposition to global OEMs enabling them to adopt an integrated approach—embedding cybersecurity into vehicle platforms from design through production and operations.
This investment also strengthens KPIT's solutions and products strategy, enhancing opportunities to develop reusable platforms and cybersecurity products. It will start adding to product- and licensing-led revenue streams, in addition to KPIT's established engineering engagements.
The details of disclosure pursuant to Para A of Part A of Schedule III of the SEBI Listing Regulations read with SEBI Circular dated January 30, 2026, are enclosed herewith as "Annexure A".
The Statutory Auditors of the Company have issued audit reports with unmodified opinion on the financial Statement.
Audited Consolidated Financial Results and Standalone Financial Results for the quarter and year ended March 31, 2026, along with Auditors Report thereon, Declaration relating to the Unmodified Opinion by the Statutory Auditors on the aforementioned Financial Results and Investor Update are being sent separately.
Kindly take the same on your records.
Thanking you.
Yours faithfully,
For KPIT Technologies Limited
KPIT Technologies Ltd.
Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ,
Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
CIN: L74999PN2018PLC174192
+91 20 6770 6000
W kpit.com
KPIT
Annexure A
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the target entity, details in brief such as size, turnover etc. | Cymotive is a automotive cybersecurity company, focused exclusively on securing software-defined vehicles (SDVs), connected vehicles, and fleet ecosystems throughout the full vehicle lifecycle. |
| Three years Turnover of Cymotive is as below | ||
| CY2023 - USD 42.4 Million | ||
| CY2024 - USD 32.7 Million | ||
| CY2025 - USD 19.2 Million | ||
| 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” | The acquisition is not with a related party. |
| Promoter/ Promoter Groups/ Group Companies do not have any interest. | ||
| None of the KPIT directors have any interest | ||
| 3 | Industry to which the entity being acquired belongs | Automotive Cybersecurity. |
| 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) | The acquisition of Cymotive aligns with KPIT’s long-term strategy of creating differentiated, AI solutions-led value for global OEMs . It strengthens KPIT’s capabilities in automotive cybersecurity—a critical and natural extension of its core SDV, embedded, and systems engineering business—while enhancing its value proposition to global OEMs enabling them to adopt an integrated approach—embedding cybersecurity into vehicle platforms from design through production and operations. |
| This investment also strengthens KPIT’s solutions and products strategy, enhancing opportunities to develop reusable platforms and cybersecurity products. It will start adding to product- and licensing-led revenue streams, in addition to KPIT’s established engineering engagements. | ||
| 5 | Brief details of any governmental or regulatory approvals required for the acquisition | Merger control filing in Germany and Austria. |
| 6 | Indicative time period for completion of the acquisition | 1. The initial investment by KPIT would be USD 10 million in Preference Capital – Expected closure mid-June 2026. |
| 2. This investment would get converted to 26% of Equity Capital, basis achievement of certain performance milestones by Cymotive- Latest within 8 quarters of the initial investment closing. | ||
| 3. Post such conversion, KPIT would acquire the balance stake to own 100% in Cymotive - Expected to be completed by mid-2029. |
KPIT Technologies Ltd.
Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ,
Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
CIN: L74999PN2018PLC174192
O +91 20 677 824
W kpit.com
KPIT
| 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 | The initial investment by KPIT would be USD 10 million in Preference Capital. |
| If the preference capital is converted into equity, then the total consideration for acquisition of 100% stake would happen in 2 tranches and is dependent upon the actual revenue and EBIT numbers achieved by Cymotive. Currently the total consideration payable by KPIT is expected to be between $60 Mn to $120 Mn (including the upfront $10 Mn). | ||
| 9 | Percentage of shareholding / control acquired and / or number of shares acquired | 1. Initial Investment - Preference Equity |
| 2. Upon Conversion – KPIT to own 26% Equity Capital, | ||
| 3. 1st Tranche – KPIT to own 65% Equity Capital. | ||
| 4. 2nd Tranche – KPIT to own 100% Equity Capital. |
1st and 2nd Tranche applicable only if the preference equity gets converted into equity capital. |
| 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). | Cymotive specializes in end-to-end vehicle lifecycle cybersecurity, spanning secure architecture, threat modeling, intrusion detection, continuous monitoring, and regulatory / homologation compliance.
Key offerings of Cymotive include Cybersecurity Management System (CSMS), Automated security & penetration testing (CyClarity), Vulnerability management (CarAlert), Intrusion Detection Systems (IDS), Automotive cybersecurity cloud platform, Engineering, homologation, and compliance.
The Company is headquartered in Tel Aviv, Israel
Date of Incorporation: 16 July, 2016
Turnover for last 3 years:
CY2023 - USD 42.4 Million
CY2024 - USD 32.7 Million
CY2025 - USD 19.2 Million |
KPIT Technologies Ltd.
Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ,
Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India.
CIN: L74999PN2018PLC174192
+91 20 6770 6000
W kpit.com