KPIT Technologies Ltd — Regulatory Filings 2023

Apr 25, 2023

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April 25, 2023

BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai – 400001. 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

Dear Sir / Ma’am,

Sub: Disclosure of events or information under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, this is to inform you that the Nomination and Remuneration (HR) Committee of the Board of Directors of the Company (“Committee”) in its meeting held on April 25, 2023 has considered and approved the following business:

Grant of 10,000 Options to the eligible employees of the Company under the 'KPIT Technologies Limited - Employee Stock Option Scheme 2019A' ("ESOS 2019A"/ "Scheme"/ "KPIT ESOS") of the Company.

The details of Grants are given herein below:

a) brief details of Options granted	10,000optionstotheeligibleemployeesoftheCompanyasdetermined by the Committee.
b) whether the scheme is in terms ofSEBI(ShareBasedEmployeeBenefits) Regulations, 2014 andSEBI(ShareBasedEmployeeBenefitsandSweatEquity)Regulations,2021(if applicable)	Yes
c) total number of shares covered bythese Options;	Not more than 10,000 shares.
d) *pricing formula;	Exercise price per Option shall bedetermined by the Committee whichshall not be lesser than the face valueof the share (Rs. 10/-) as on date ofGrant of Option.

O +91 20 6770 6000 E info@kpit.com 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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e) Options vested;	Nil
f) time within which Option may beexercised;	The vested Options shall be excisablewithin a period of 5 (Five) years fromthe date of vesting of such Options.
g) Options exercised;	Nil
h) money realized by exercise ofOptions;	Nil
i) the total number of shares arisingas a result of exercise of Option;	Nil
j) Options lapsed;	Nil
k) brief details of significant terms;	Pursuant to the Scheme, Options shallvest after the minimum period of 1(One) year but not later than themaximum period of 3 (three) years fromthe date of grant of Options.
l) subsequent changes orcancellation or exercise of suchOptions;	Nil
m) diluted earnings per sharepursuant to issue of equity shareson exercise of Options.	Options are yet to be exercised.
n) conversion ratio	Each Option shall carry the right to beissued one Share of the Company.

*On June 30, 2020, the shareholders approved the amended ESOS 2019A Scheme with the variation of the exercise price per option from ‘market price per share as on date of grant’ to ‘not less than face value of the shares as on date of grant of option as determined by the Nomination & Remuneration (HR) Committee of the Board of Directors of the Company’. Accordingly, the Nomination and Remuneration (HR) Committee, have approved the grant of options at the modified exercise price of Rs. 10/- per option.

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: 2023.04.25 16:28:08 +05'30'

Nida Deshpande

Company Secretary and Compliance Officer

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