KPIT Technologies Ltd — Regulatory Filings 2020

Nov 10, 2020

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November 10, 2020

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 Symbol: KPITTECH Scrip Code: 542651 Series: EQ Kind Attn: The Manager, Kind Attn: The Manager, Department of Corporate Services Listing Department

Subject: Disclosure of Related Party Transaction for the half year ended September 30, 2020

Dear Sir / Madam,

This is to inform you that pursuant to Regulation 23 (9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Disclosure of Related Party Transactions, on a consolidated basis for the half year ended September 30, 2020.

Kindly take the same on your records.

Thanking you.

Yours faithfully,

For KPIT Technologies Limited

(Formerly KPIT Engineering Limited)

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Nida Deshpande

Company Secretary & Compliance Officer

Encl: As mentioned above

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

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

CIN: L74999PN2018PLC174192

Related party disclosures

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A. Relationship between the parent and its subsidiaries % voting power held
Sr. Name of the subsidiary Country of Incorporation As at
No 30 September 2020
Direct subsidiaries
1 KPIT Technologies (UK) Limited United Kingdom 100
2 KPIT (Shanghai) Software Technology Co. Limited China 100
3 KPIT Technologies Netherlands B.V Netherlands 100
4 Impact Automotive Solutions Limited India 100
5 KPIT Technologies Pte Ltd. Singapore 100
6 KPIT Technologies Holding Inc. United States of America 100
7 MicroFuzzy KPIT TECNOLOGIA LTDA, Brazil Brazil 99.9
8 KPIT Technologies GK Japan 100
Indirect subsidiaries
9 KPIT Technologies GmbH, Germany (Subsidiary of KPIT Germany 100
Technologies (UK) Limited)
10 KPIT Technologies Inc (Subsidiary of KPIT Technologies Holding United States of America 100
Inc.)
11 MicroFuzzy Industrie-Elektronic GmbH (Subsidiary of KPIT Germany 95
Technologies GmbH, Germany)
12 ThaiGerTec Co. Ltd. (Subsidiary of KPIT Technologies (UK) Thailand 98.37
Limited)
Joint venture
12 Yantra Digital Services Private Limited [ (i)] India 45
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C. D.

List of Key Management Personnel Key Management Personnel (KMP) Mr. S.B.(Ravi) Pandit Mr. Kishor Patil Executive Director (w.e.f. 16 January 2019) Mr. Sachin Tikekar Executive Director (w.e.f. 16 January 2019) Mr. Anant Talaulicar Independent Director (w.e.f. 16 January 2019) Mr. B V R Subbu Independent Director (w.e.f. 16 January 2019) Prof. Alberto Sangiovanni Vincentelli Independent Director (w.e.f. 16 January 2019) Dr. Klaus Blickle Non-Executive Director (resigned w.e.f. 15 May 2019) Mr. Nickhil Jakatdar Independent Director (w.e.f. 16 January 2019) Ms. Shubhalakshmi Panse Independent Director (w.e.f. 16 January 2019) Mr. Rohit Saboo Nominee Director (resigned w.e.f. 1 February 2020) Mr. Rafi Maor Independent Director ( upto 9 June 2020) Mr. Vinit Teredesai Chief Financial Officer (Upto 12 June 2020) Ms. Nida Deshpande Company Secretary (w.e.f. 16 January 2019) Ms. Priyamvada Hardikar Chief Financial Officer (w.e.f. 12 June 2020) List of other related parties with whom there are transactions: Relative of KMP Mr. Chinmay Pandit Ms. Jayada Pandit Ms. Anupama Kishor Patil Ms. Hemlata Shende Ms. Manasi Patil Ms. Nirmala Shashishekhar Pandit KP Corporate Solutions Limited Proficient FinStock LLP Kirtane & Pandit LLP, Chartered Accountants, Pune K & P Management Services Private Limited KP Capital Advisors Private Limited Executive Director (w.e.f. 16 January 2019 till 28 March 2020) Non-Executive Director (w. e. f. 29 March 2020) Enterprise over which KMP have significant influence

₹ in million

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No. Name of Related party 30 September 2020 31 March 2020
Amount of Balance as on Amount of Balance as on
transactions during 30 September 2020 transactions during 31 March 2020
the year Debit/(Credit) the year Debit/(Credit)
Transactions with Key Management Personnel
1 Mr. S. B. (Ravi) Pandit
Short term employee benefits NIL NIL 40.53 NIL
Post employment benefits NIL NIL 1.36 NIL
Dividend paid NIL NIL 0.75 NIL
Reimbursement of Expenses NIL NIL 0.07 (0.00)
2 Mr. Kishor Patil
Short term employee benefits 5.52 NIL 35.37 NIL
Post employment benefits 0.63 NIL 1.36 NIL
Perquisites 0.07 NIL 0.28 NIL
Repayment of loan granted 3.47 6.55
1.78 5.25
Interest received 0.17 0.71
Dividend paid NIL NIL 21.64 NIL
Reimbursement of expenses (net) NIL NIL 0.54 (0.01)
3 Mr. Sachin Tikekar
Short term employee benefits 5.83 NIL 32.62 NIL
Post employment benefits 0.20 NIL 0.44 NIL
Dividend paid NIL NIL 1.47 NIL
Reimbursement of expenses (net) 0.07 (0.01) 0.43 (0.14)
4 Mr. Anant Talaulicar
Commission paid 2.95 NIL 2.38 NIL
Sitting Fees 0.14 NIL 0.30 NIL
5 Mr. B V R Subbu
Commission paid 2.60 NIL 2.38 NIL
Sitting Fees 0.11 NIL 0.24 NIL
6 Ms. Shubhalakshmi Panse
Commission paid 2.05 NIL 0.38 NIL
Sitting Fees 0.11 NIL 0.21 NIL
7 Mr. Rohit Saboo
Commission paid NIL NIL 0.38 NIL
Sitting Fees NIL NIL NIL NIL
Reimbursement of expenses (net) NIL NIL NIL NIL
8 Dr. Klaus Blickle
Commission paid NIL NIL 0.87 NIL
9 Mr. Nickhil Jakatdar
Commission paid 1.53 NIL 1.00 NIL
Sitting Fees 0.03 NIL 0.08 NIL
Reimbursement of expenses (net) NIL NIL 0.57 NIL
10 Prof. Alberto Sangiovanni Vincentelli
Commission paid 2.33 NIL 2.34 NIL
Reimbursement of expenses (net) 0.91 0.00 0.33 NIL
Sitting Fees 0.03 NIL 0.07 NIL
11 Mr. Rafi Maor
Sitting Fees 0.02 NIL 0.05 NIL
Commission paid 1.59 NIL NIL NIL
Reimbursement of expenses (net) NIL NIL 0.84 NIL
12 Mr. Vinit Teredesai
Short term employee benefits 1.66 NIL 11.68 NIL
Post employment benefits 0.05 NIL 0.27 NIL
Reimbursement of expenses (net) 0.10 NIL 0.27 NIL
Share based compensation NIL NIL 0.78 NIL
13 Ms. Nida Deshpande
Short term employee benefits 0.76 NIL 2.12 NIL
Post employment benefits 0.03 NIL 0.07 NIL
Reimbursement of expenses (net) NIL NIL 0.01 NIL
Share based compensation NIL NIL 0.10 NIL
13 Ms. Priyamvada Hardikar
Short term employee benefits 1.67 NIL NIL NIL
Post employment benefits 0.06 NIL NIL NIL
Reimbursement of expenses (net) NIL NIL NIL NIL
Share based compensation NIL NIL NIL NIL
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1 Mr. Chinmay Pandit
Short term employee benefits 2.27 NIL 5.81 NIL
Post employment benefits 0.08 NIL 0.15 NIL
Dividend paid NIL NIL 0.07 NIL
Reimbursement of expenses (net) NIL (0.22) 1.36 (0.21)
2 Ms. Jayada Pandit
Short term employee benefits 0.78 NIL 2.04 NIL
Post employment benefits 0.03 NIL 0.06 NIL
3 Ms. Anupama Kishor Patil
Dividend paid NIL NIL 0.21 NIL
4 Ms. Hemlata Shende
Dividend paid NIL NIL 0.07 NIL
5 Ms. Manasi Patil
Short term employee benefits 0.74 NIL 0.31 NIL
Post employment benefits 0.03 NIL 0.01 NIL
Dividend paid NIL NIL 0.00 NIL
Reimbursement of expenses (net) NIL NIL 0.00 (0.00)
6 Ms. Nirmala Shashishekhar Pandit
Dividend paid NIL NIL 0.42 NIL
Transactions with enterprise over which Key Management Personnel have significant influence
1 Kirtane & Pandit LLP
Professional fees 0.78 NIL 0.45 (0.05)
2 K & P Management Services Private Limited
Dividend paid NIL NIL 0.53 NIL
3 KP Capital Advisors Private Limited
Professional fees 0.22 (0.03) 0.24 (0.21)
4 KP Corporate Solutions Limited
Professional fees 0.72 0.07 5.53 (0.33)
5 Proficient FinStock LLP
Advance 137.44 137.44 NIL NIL
Dividend paid NIL NIL 109.22 NIL
Transactions with joint venture
1 Yantra Digital Services Private Limited
Investment in equity shares NIL NIL NIL NIL
Sale of component NIL NIL NIL NIL
Purchase of component NIL (9.20) 8.94 (10.55)
Transfer of payroll liabilities NIL NIL 1.04 NIL
Advance given NIL NIL NIL NIL
Loan given NIL NIL 11.80
NIL
Interest income on loan given NIL NIL NIL
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* Since denominated in ₹ millions