KPIT Technologies Ltd — Regulatory Filings 2021

Aug 13, 2021

August 13, 2021

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

Subject :- Submission of the Newspaper Advertisement for Addendum to the Notice of 4th Annual General Meeting of the Company.

• Ref :- Addendum to the Notice of the 4th Annual General Meeting of the Company.

Dear Sir / Madam,

Further to our intimation dated August 11, 2021, for Addendum to the Notice of the 4th Annual General Meeting ("Addendum"), we would like to submit that the said Addendum is dispatched by electronic means, to all the shareholders whose email IDs are registered with the Company/Depositories and newspaper advertisement is published in Financial Express and Loksatta.

The copies of newspaper advertisement and Addendum dispatched electronically are enclosed herewith.

The above advertisements are also available on the website of the Company at www.kpit.com.

Request you to take note of the same.

Thanking you,

Yours faithfully,

For KPIT Technologies Limited

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

$KPIT$

CIN: L74999PN2018PLC174192 Registered & Corporate Office: Plot No. 17, Rajiv Gandhi

Infotech Park, MIDC-SEZ, Phase III, Maan, Taluka- Mulshi,

Hinjawadi, Pune-411057.Tel. No.: +91 20 6770 6000 E-mail: grievances@kpit.com Website: www.kpit.com Addendum to the NOTICE of the 4^th Annual General Meeting of the

Members of KPIT Technologies Limited to be held on
Wednesday, August 25, 2021 at 10.30 A.M. (IST) through Video Conferencing ("VC") / Other Audio-Visual Means ("OAVM")

Dear Shareholders.

KPIT Technologies Limited (the "Company") has issued a Notice dated July 23, 2021 ("Notice of the AGM") for convening the 4^th Annual General Meeting of the Members of the Company to be held on Wednesday, August 25, 2021 at 10.30 A.M. (IST) through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM"). The Notice of the AGM has been dispatched to the Members on July 31, 2021 in due compliance with the provisions of the Companies Act, 2013 read with the relevant rules made thereunder.

The Item No. 5 of the Special Business from the Notice of the AGM and Explanatory Statement thereto pertain to seeking an approval of the Members for approving the increase in overall maximum managerial remuneration limits payable under the provisions of Section 197 of the Companies Act, 2013 & Regulation 17 (6) of SEBI (Listing Obligations and Disclosure Requirements) Requlations, 2015. We wish to reiterate that the same is in due compliance of the prevailing provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

However, with a view to add clarity to the explanatory statement, the Company has made an amendment to the original disclosure on Item No. 5 of the Notice of the AGM. Accordingly, the Members are requested to kindly take note of this amendment to the disclosure in the Explanatory Statement.

This addendum to the Notice of the AGM ("Addendum") shall form an integral part of the Notice of the AGM which has already been circulated to the Members of the Company and on and from the date hereof, the Notice of the AGM shall always be read in conjunction with this Addendum. This Addendum is also available on the website of BSE Limited (www.bseindia.com), the National Stock Exchange of India Limited (www.nseindia.com) and on the website of the Company (www.kpit.com).

All other contents of the Notice of the AGM including the Special Resolution as proposed in Item No. 5, save and except as modified or supplemented by this Addendum, shall remain unchanged.

Addendum to the Explanatory Statement for Item No. 5 of the Notice of the AGM

As addition to the explanatory statement given for Item No. 5 under special business on the page nos. 6 & 7 of the Notice of the AGM, we would like to submit the following rationale for increase in the overall managerial remuneration limits for which the approval of the Members of the Company is being sought:

1. to increase the overall maximum managerial remuneration limit payable to its directors, including managing director, whole-time director and manager, if any, in respect of any financial year from 11% to 17% of the net profits of the Company, computed in the manner as laid down in section 198 of the Companies Act. 2013.

2. to increase the limit of 5% or 10% (as applicable), as stipulated in clause (i) of the first proviso to sub section (1) of section 197 of the Companies Act, 2013, payable to any one or more managing directors or whole-time directors of the Company in any financial year to 8% or 15% of the net profits of the Company, computed in the manner laid down in section 198 of the Companies Act, 2013 and in excess of limit under regulation 17(6)(e) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Reguirements) Regulations, 2015

3. to increase the limit of 1%, as stipulated in clause (ii)(A) of the first proviso to sub section (1) of section 197 of the Companies Act, 2013, payable to Non-executive Directors of the Company in any financial year to 2% of the net profits of the Company, computed in the manner laid down in section 198 of the Companies Act, 2013.

This approval of the Members of the Company by way of a special resolution for limits as stated above is proposed to be taken for a period of 5 years commencing from FY 2021-22.

With our focus on the mobility industry, we are at the cusp of a transformative journey internally and an extraordinary opportunity externally. We see a much favourable business environment in the coming years. We intend to strengthen and further increase our competency and positioning by bringing relevant industry and technology veterans especially from international markets, as Independent Directors. The proposed increase in managerial remuneration limits will facilitate the same

Except Mr. S. B. (Ravi) Pandit, Mr. Kishor Patil, Mr. Sachin Tikekar, Mr. Anant Talaulicar, Mr. B V R Subbu, Prof. Alberto Luigi Sangiovanni Vincentelli, Dr. Nickhil Jakatdar and their relatives, none of the key managerial personnel or any of their relatives are, in any way, concerned or interested, whether financially or otherwise, in this resolution.

Ms. Shubhalakshmi Panse resigned from the position of Independent Director with effect from June 17, 2021.

None of the Directors are related to each other or key managerial personnel of the Company or their relatives

In light of above, the Board of Directors recommends the Special Resolution set forth as Item No. 5 of the Notice for approval of the shareholders.

By the order of the Board of Directors, For KPIT Technologies Limited

Company Secretary

$Sd$ Nida Deshpande

SOOP

ditio

Place : Pune Date: August 11, 2021

SOOP

केपीआयटी टेक्नॉलॉजीज लिमिटेड

सीआयएनः एल७४९९९पीएन२०१८पीएलसी९७४९९२ .
नोंदणीकृत व कॉर्पोरेट कार्यालय: प्लॉट नं. १७, राजीव गांधी इन्फोटेक पार्क, .
एमआयडीसी–सेझ, फेज – ३,माण, तालुका– मुळशी, हिंजवडी, पुणे – ४११०५७ .
दरध्वनी क्र.: +९१ २० ६७७० ६०००

.
ई–मेल: grievances@kpit.com संकेतस्थळ: www.kpit.com

केपीआयटी टेक्नॉलॉजीज लिमिटेड यांच्या बधवार दि. २५ ऑगस्ट, २०२१ रोजी सकाळी १०.३० वाजता (भारतीय प्रमाणवेळ) व्हीडीओ कॉन्फरन्सिंग (''व्हीसी'')

अन्य नियमांची योग्य ती पूर्तता करुन दि. ३१ जुलै, २०२१ रोजी सभासदांना पाठविण्यात आली आहे.

अन्य द्रकश्राव्य माध्यमे (''ओएव्हीएम'') द्वारा होणाऱ्या सभासदांच्या ४ थ्या वार्षिक सर्वसाधारण सभेच्या सचनेस परकपत्र

केपीआयटी टेक्नॉलॉजीज लिमिटेड (दि ''कंपनी'') यांनी कंपनीच्या सभासदांची ४ थी वार्षिक सर्वसाधारण सभा बधवार. दि. २५ ऑगस्ट २०२१, रोजी सकाळी १०.३० वाजता (भारतीय प्रमाणवेळ) व्हीडीओ कॉन्फरन्सिंग/(''व्हीसी'') /अन्य दुकश्राव्य (''ओएव्हीएम'') माध्यमांद्वारा आयोजित करण्याच्या संदर्भात दि. २३ जुलै, २०२१ रोजी सूचना (नोटीस ऑफ दि .
एजीएम) जारी केली आहे. एजीएमची सूचना कंपनीज ॲक्ट २०१३ आणि त्यासह वाचल्या जाणाऱ्या नियमांअंतर्गत असलेल्या

एजीएमच्या सूचनेतील विशेष कामकाजातील मुद्दा क्रमांक ५ आणि त्यामधील रूपष्टीकरण करणारे निवेदन हे कंपनीज ॲक्ट, २०१३ मधील सेक्शन १९७ आणि सेबीच्या रेग्युलेशन १७(६) (लिस्टिंग ऑब्लीगेशन्स ॲण्ड डिस्क्लोजर रिक्वायरमेंटस्) रेग्युलेशन्स् २०१५ मधील तरतुर्दीनुसार देय असलेल्या सर्वसाधारण व्यवस्थापकीय मानधनात वाढ करण्याबाबत सभासदांची मान्यता घेण्याच्या संदर्भात आहे. आम्ही ही बाब पुन्हा स्पष्ट करु इच्छितो की हे कंपनीज ॲक्ट २०१३ मध्ये आणि सिक्युरीटीज ॲण्ड एक्सचेंज बोर्ड ऑफ इंडिया (लिस्टिंग ऑब्लीगेशन्स ॲण्ड डिस्क्लोजर रिक्वायरमेंटस) रेग्युलेशन्स, २०१५

तथापि, स्पष्टीकरणाच्या संदर्भातील निवेदनात अधिक स्पष्टता असावी याकरिता कंपनीने एजीएमच्या सूचनेमधील मुद्दा क्रमांक ५ मधील मूळच्या स्पष्टीकरणामध्ये पुरकपत्र जोडले आहे, त्यानुसार सभासदांना विनंती करण्यात येते की, त्यांनी

एजीएमच्या सूचनेला असलेले हे पुरकपत्र (''ॲडेंडम'') हा एजीएमच्या सूचनेचा अविभाज्य भाग असेल जी एजीएमची सूचना कंपनीच्या सभासदाना अगोदरच पाठविण्यात आली आहे आणि या तारखेस आणि या तारखेपासून एजीएमची सदर सूचना या पूरकपत्रासह वाचण्यात येईल त्याचप्रमाणे हे पूरकपत्र बीएसई लिमिटेड (www.bseindia.com) दि नॅशनल स्टॉक एक्सचेंज ऑफ इंडिया लिमिटेड (www.nseindia.com)आणि कंपनीचे संकेतस्थळ

एजीएमच्या सूचनेतील मुद्दा क्रमांक ५ मध्ये प्रस्तावित केल्याप्रमाणे राखलेल्या आणि या पूरकपत्रानुसार दुरुस्त किंवा पूरक

विशेष कार्यक्रमाअंतर्गत एजीएमच्या सूचनेत पान नं. ६ आणि ७ वरील मुद्दा क्रमांक ५ मध्ये देण्यात आलेल्या स्पष्टीकरणात्मक निवेदना व्यतिरिक्त आम्ही सर्वसाधारण व्यवस्थापकीय मानधनात वाढ करण्याबाबतचा आधार प्रकट करीत आहोत की,

१) व्यवस्थापकीय संचालक, पूर्णवेळ संचालक आणि व्यवस्थापक यांच्यासह आपल्या संचालकांना कोणत्याही आर्थिक वर्षात, कंपनीज ॲक्ट २०१३ मधील सेक्शन १९८ अनुसार करण्यात येणाऱ्या हिशोबानुसार आर्थिक वर्षाबाबत कंपनीच्या

२) कोणत्याही आर्थिक वर्षात कंपनीचे कोणतेही संचालक किंवा अधिक व्यवस्थापकीय संचालक किंवा पर्णवेळ संचालक यांना कंपनीज ॲक्ट. २०१३ मधील सेक्शन १९७ मधील सब सेक्शन(१) विहित केल्यानसार खंड (i) अनसार कंपनीज ॲक्ट २०१३ मधील सेक्शन १९८ अनुसार विहीत करण्यात आलेल्या पध्दतीनुसार हिशोब केल्याप्रमाणे आणि सिक्युरिटीज ,
अँण्ड एक्सचेंज बोर्ड ऑफ इंडिया (लिस्टींग ऑब्लीगेशन्स ॲण्ड डिस्क्लोजर रिक्वायरमेंटस) रेग्यलेशन्स, २०१५ च्या रेम्यूलेशन १७(६)(ई) मयदिबाहेर जाऊन कंपनीच्या निव्वळ नफ्याच्या ५% किंवा १०%(लागू असल्याप्रमाणे) ही मर्यादा

3) कंपनीच्या अ–कार्यकारी संचालकांना कोणत्याही आर्थिक वर्षात देय असलेल्या कंपनीज ॲक्ट. २०१३ मधील सेक्शन १९८ मध्ये विहित केल्यानुसार हिशोब करुन कंपनीज ॲक्ट, २०१३ च्या सेक्शन १९७ मधील सब सेक्शन(१) मधील बाब

वर नमुद केल्यानुसार मर्यादांच्या संदर्भातील विशेष ठरावांनुसार सभासदांची मान्यता अर्थिक वर्ष २०२१-२२ पासून

जसे की आमचे ध्येय मुख्यतः मोबिलिटी उद्योगाकडे आहे आणि आम्ही यापुढे मोठ्या अंतर्गत संधी आणि बाह्य क्षेत्रात असामान्य अशा संधींच्या उंबरठ्यावर आहोत. येत्या वर्षांमध्ये अनुकूल असे स्वरुपाचे व्यावसायिक वातावरण आम्हास दिसत आहे. संबंधित व्यवसायात तांत्रिक क्षेत्रातील आणि आंतरराष्टीय बाजारपेठेतील नामवंत्तांना स्वतंत्र संचालक म्हणन नेमणे आणि आमची क्षमता आणि दर्जा वाढविण्याची योजना आहे. वर नमूद केल्यानुसार व्यवस्थापकीय मानधनातील नियोजित

श्री. एस. बी. (रवि) पंडित, श्री. किशोर पाटील, श्री. सचिन टिकेकर, श्री. अनंत तळौलीकर, श्री. बी व्ही आर सुब्बू, प्रो. अलबर्टो ल्यगी संगिओवन्नी विन्सेनटेल्ली, डॉ. निखिल जकातदार आणि त्यांचे नातलग या व्यतिरिक्त कोणी प्रमख व्यवस्थापकीय व्यक्ती किंवा त्यांच्या नातलगांपैकी कोणी, कोणत्याही मार्गाने, आर्थिक किंवा अन्य बाबतीत या ठरावाशी

श्रीमती शुभलक्ष्मी पानसे यांनी स्वतंत्र संचालक या पदावरुन १७ जून, २०२१ पासून राजीनामा दिलेला आहे. संचालकांपैकी कोणीही एकमेकांशी किंवा प्रमुख व्यवस्थापकीय व्यक्ती किंवा त्यांचे नातलग यांच्याशी नाते असणारे नाहीत. वर नमूद केल्यानुसार, सूचनेतील मुद्दा क्रमांक ५ मध्ये नमूद केल्यानुसार विशेष ठरावाची संचालक मंडळाकडून

एजीएमच्या सचनेतील मद्दा क्रमांक ५ मधील स्पष्टीकरणात्मक निवेदनास परकपत्र

KPIT

मधील तरतूदींच्या पूर्ततेनुसारच आहे.

(www.kpit.com) येथेही उपलब्ध आहे.

८% किंवा १५% एवढी वाढविणे.

वाढ यासाठी सुविधाजनक ठरेल.

संबंधित किंवा इच्छूक नाहीत.

दिनांक: ऑगस्ट ११, २०२१

ठिकाण : पुणे

५ वर्षांच्या कालावधीसाठी घेण्याचा प्रस्ताव आहे.

.
भागधारकांच्या मान्यतेसाठी शिफारस करीत आहेत.

स्पष्टीकरणाबाबत निवेदनातील या परकपत्राची नोंद घ्यावी.

केल्यानुसार असलेल्या मुद्दयांव्यतिरिक्त अन्य मुद्दे कायम राहतील.

ज्यासाठी कंपनीच्या सभासदांची मान्यता मागितली जात आहे

निव्वळ नफ्याच्या ११% ते १७% एवढी सर्वसाधारण वाढ करणे

(।।) (ए) मध्ये निश्चित केल्यानुसार असलेली मर्यादा १% वरुन २% एवढी करणे.

माननीय भागधारक.

WWIOKSATTACOM णे, शक्रवार, १३ ऑगस्ट २०२१

संचालक मंडळाच्या आदेशानुसार केपीआयटी टेक्नॉलॉजीज लिमिटेड साठी

सही/-

निदा देशपांडे

कंपनी सचिव

KPIT Technologies Limited

CIN: L74999PN2018PLC174192 Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase III, Maan, Taluka-Mulshi, Hinjawadi, Pune 411057, India. Tel: +91 20 6770 6000 | Email: grievances@kpit.com | Website: www.kpit.com

ADDENDUM TO THE NOTICE of the 4th Annual General Meeting of the Members of KPIT Technologies Limited to be held on Wednesday, August 25, 2021 at 10.30 A.M. (IST) through Video Conferencing ("VC")/ Other Audio-Visual Means ("OAVM")

Dear Shareholders,

KPIT Technologies Limited (the "Company") has issued a Notice dated July 23, 2021 ("Notice of the AGM") for convening the 4th Annual General Meeting of the Members of the Company to be held on Wednesday, August 25, 2021 at 10.30 A.M. (IST) through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM"). The Notice of the AGM has been dispatched to the Members on July 31, 2021 in due compliance with the provisions of the Companies Act, 2013 read with the relevant rules made thereunder.

The Item No. 5 of the Special Business from the Notice of the AGM and Explanatory Statement thereto pertain to seeking an approval of the Members for approving the increase in overall maximum managerial remuneration limits payable under the provisions of Section 197 of the Companies Act, 2013 & Regulation 17 (6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We wish to reiterate that the same is in due compliance of the prevailing provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

However, with a view to add clarity to the explanatory statement, the Company has made an amendment to the original disclosure on Item No. 5 of the Notice of the AGM. Accordingly, the Members are requested to kindly take note of this amendment to the disclosure in the Explanatory Statement.

This addendum to the Notice of the AGM ("Addendum") shall form an integral part of the Notice of the AGM which has already been circulated to the Members of the Company and on and from the date hereof, the Notice of the AGM shall always be read in conjunction with this Addendum. This Addendum will also be published in the Financial Express (in English) and Loksatta (in Marathi) and will also be available on the website of BSE Limited (www.bseindia.com), the National Stock Exchange of India Limited (www.nseindia.com) and on the website of the Company (www.kpit.com).

All other contents of the Notice of the AGM including the Special Resolution as proposed in Item No. 5, save and except as modified or supplemented by this Addendum, shall remain unchanged.

Addendum to the Explanatory Statement for Item No. 5 of the Notice of the AGM

As addition to the explanatory statement given for Item No. 5 under special business on the page nos. 6 & 7 of the Notice of the AGM, we would like to submit the following rationale for increase in the overall managerial remuneration limits for which the approval of the Members of the Company is being sought:

• 1. to increase the overall maximum managerial remuneration limit payable to its directors, including managing director, whole-time director and manager, if any, in respect of any financial year from 11% to 17% of the net profits of the Company, computed in the manner as laid down in section 198 of the Companies Act, 2013.
• 1. to increase the limit of 5% or 10% (as applicable), as stipulated in clause (i) of the first proviso to sub section (1) of section 197 of the Companies Act, 2013, payable to any one or more managing directors or whole-time directors of the Company in any financial year to 8% or 15% of the net profits of the Company, computed in the manner laid down in section 198 of the Companies Act, 2013 and in excess of limit under regulation 17(6)(e) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• to increase the limit of 1%, as stipulated in clause (ii)(A) of the first proviso to sub section (1) of section 197 of the Companies Act, 2013, payable to Non-executive Directors of the Company in any financial year to 2% of the net profits of the Company, computed in the manner laid down in section 198 of the Companies Act, 2013.

This approval of the Members of the Company by way of a special resolution for limits as stated above is proposed to be taken for a period of 5 years commencing from FY 2021-22.

With our focus on the mobility industry, we are at the cusp of a transformative journey internally and an extraordinary opportunity externally. We see a much favourable business environment in the coming years. We intend to strengthen and further increase our competency and positioning by bringing relevant industry and technology veterans especially from international markets, as Independent Directors. The proposed increase in managerial remuneration limits will facilitate the same.

Except Mr. S. B. (Ravi) Pandit, Mr. Kishor Patil, Mr. Sachin Tikekar, Mr. Anant Talaulicar, Mr. B V R Subbu, Prof. Alberto Luigi Sangiovanni Vincentelli, Dr. Nickhil Jakatdar and their relatives, none of the key managerial personnel or any of their relatives are, in any way, concerned or interested, whether financially or otherwise, in this resolution.

Ms. Shubhalakshmi Panse resigned from the position of Independent Director with effect from June 17, 2021.

None of the Directors are related to each other or key managerial personnel of the Company or their relatives.

In light of above, the Board of Directors recommends the Special Resolution set forth as Item No. 5 of the Notice for approval of the shareholders.

By Order of the Board of Directors For KPIT Technologies Limited

Pune Nida Deshpande August 11, 2021 Company Secretary