KPIT Technologies Ltd — Regulatory Filings 2023

Oct 30, 2023

KP 11·

October 30, 2023

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, Sandra - Kurla Complex, Sandra (E), Mumbai - 400051.

Symbol: KPITTECH Series: EQ

Kind Attn: The Manager, Listing Department

Subject: - Disclosure of events & information pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of the Board Meeting held on October 30, 2023

Time of commencement of the Board Meeting: 9:00 am 1ST. Time of conclusion of the Board Meeting: 12:00 pm 1ST.

Dear Sir / Madam,

We wish to inform you that the Board of Directors of the Company, at their meeting held today through video conferencing, inter alia, has approved the following: -

• 1. Un-audited Consolidated Financial Results and Standalone Financial Results for the quarter and half-year ended September 30, 2023.
• 1. Issue of Letter of Comfort (LOC) in favor of Technica Engineering GmbH (Technica GmbH), a Wholly-owned Step-down Subsidiary of the Company.

The details of disclosure pursuant to Schedule Ill of the Listing Regulations read with SEBI Circular dated July 13, 2023, are enclosed as ''Annexure-A"

• 1. Reconstitution of Nomination and Remuneration (HR) Committee, Stakeholders Relationship Committee, Corporate Social Responsibility Committee and Enterprise Risk Management Committee are as follows:
• a) Nomination and Remuneration (HR) Committee:
  • 1.Mr. Anant Talaulicar, Chairman
  • 1. Mr. B V R Subbu, Member
  • 1. Prof. Alberto Sangiovanni Vincentelli, Member
  • 4.Mr. Srinath Batni, Member
  • 1. Mr. S. B. (Ravi) Pandit, Member

I KPIT Technologies Ltd. Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. GIN: L74999PN2018PLC174192

0 +91 20 6770 6000 E info@kpit.com W kpit.com

KP 11·

b) Stakeholders Relationship Committee:

• 1. Mr. B V R Subbu, Chairman
• 1. Mr. Kishor Patil, Member
• 1. Mr. Anup Sable, Director

c) Corporate Social ResponsibiUty Committee:

• 1. Mr. Anant Talaulicar, Chairman
• 1. Mr. S. B. (Ravi) Pandit, Member
• 1. Mr. Sachin Tikekar, Member

d) Enterprise Risk Management Committee:

• 1. Mr. S. B. (Ravi) Pandit, Chairman
• 1. Mr. Anant Talaulicar, Mem ber
• 1. Mr. B V R Subbu, Member
• 1. Ms. Bhavna Doshi, Member
• 1. Mr. Srinath Batni, Member
• 1. Mr. Chinmay Pandit, Member
• 1. Pursuant to Regulation 24 of the Listing Regulations, appointment of Prof. Rajiv Lal, Independent Direct or of t he Company as a Director on the Board of KPIT Technologies Inc., material subsidiary of the Company, w .e.f. October 30, 2023, on resignation of Dr. Nickhil Jakatdar, Independent Director of the Company.

Un-audited Consolidated Financial Results and Standalone Financial Results for the quarter and half-year ended September 30, 2023, along with Limited Review Reports thereon and Investor Update are being sent separately.

Kindly take the same on your records.

Thanking you.

-

Yours faithfully, For KPIT Technologies Limited

Nida Deshpande Company Secretary & Compliance Officer

KPIT Technologies Ltd. Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfot ech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka- Mulshi, Hinjawadi, Pune- 411057, India. CIN: L74999PN2018PLC174192

0 +91 20 6770 6000

E info@kpit.com

W kpit.com

KP 11·

Annexure-A

Sr. No.	Particulars	Details
1	of party for which such Name guarantees or indemnity or surety has been given.	The Company has obtained the Board of for the Letter approval issuing Comfort to the HSBC Bank, in favour of Technica Engineering GmbH (Technica Wholly-Owned step-down GmbH), a Subsidiary of the Company.
		it will not However, be issued in with connection any guarantee or indemnitv or suretv.
2	Whether the promoter/ promoter group/ group companies have any interest in If of this nature transaction? yes, interest thereof and details and whether the same is done at "arm's length"	The Promoter or Promoter group or any other Company in the group does not have any interest in this transaction.
3	of or Brief details such guarantee indemnity or becoming a surety	shall avail factoring Technica GmbH facility from HSBC Bank aggregating to Euro 3 million.
		the approval Accordingly, Board is for obtained October 30, on 2023 issuing the Letter of Comfort affirming the of the maintenance beneficial ownership of at least 75% in the issued share capital of Technica GmbH and the Company will retain beneficial or (whether directly ownership indirectly) of at least 75% of the issued share capital of Technica GmbH during it the which period in has any future or obligations (whether the contingent) outstanding under Factoring Agreement. Further, the Letter of Comfort is not issued in connection with any loan, guarantee or indemnity and does not constitute a financial obligation on the Company.
4	Impact of such guarantees or indemnity or surety on listed entity.	The Letter of Comfort is not issued in connection with any loan, guarantee or indemnity. Hence, there is no material impact or financial obligation on the Comoanv.

KPIT Technologies Ltd.

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Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase- Ill, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. CIN: L74999PN2018PLC174192 w kpit.com

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