KPIT Technologies Ltd — Regulatory Filings 2024

Jun 5, 2024

==> picture [563 x 92] intentionally omitted <==

June 5, 2024

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”) - Update on Joint Venture Investment Agreement with ZF Friedrichshafen AG (“ZF”).

This is with reference to our earlier intimation dated April 26, 2023, regarding approval of the Board of Directors of the Company for the Joint Venture Investment Agreement (“JV Agreement”) between KPIT Technologies Limited (“KPIT”) and ZF Friedrichshafen AG (“ZF”) to invest into a currently 100% KPIT subsidiary, Qorix GmbH an independent company focused on the creation of worldclass automotive middleware stack. Further on May 15, 2024, we had informed about Incorporation of the wholly owned step-down subsidiary named “QORIX INDIA PRIVATE LIMITED” (Qorix India) by Qorix GmbH post-merger control approvals.

Now we wish to inform you that, as per the terms of said JV Agreement, we have completed infusion towards the equity contribution and transferred relevant Intellectual Property Rights (IP’s) to Qorix GmbH as per applicable regulatory norms.

The details of disclosure pursuant to Para A of Part A of Schedule III of the Listing Regulations read with SEBI Circular dated July 13, 2023, are enclosed herewith as “Annexure-A”.

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: 2024.06.05 15:55:59 +05'30'

Nida Deshpande

Company Secretary & 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

==> picture [563 x 92] intentionally omitted <==

Annexure A

==> picture [458 x 547] intentionally omitted <==

----- Start of picture text -----

Sr. Particulars Details
No.
1 Name of the target entity, details in QORIX GmbH is wholly owned subsidiary of
brief such as size, turnover etc. Company.
2 Whether the acquisition would fall As per the terms of the said JV Agreement, we
within related party transaction(s) have completed infusion of Euro 4.5 million
and whether the promoter/ promoter towards the equity contribution and transferred
group/ group companies have any relevant Intellectual Property Rights (IP’s) to Qorix
interest in the entity being acquired? GmbH.
If yes, nature of interest and details
thereof and whether the same is done The Promoter/ Promoter Groups/ Group
at “arm’s length” Companies do not have any interest in Qorix
GmbH.
None of the KPIT Directors have any interest in
Qorix GmbH.
This is a Related Party Transaction at arm’s length.
3 Industry to which the entity being Automotive Middleware products and solutions
acquired belongs
4 Objects and effects of acquisition To promote, develop and distribute open and
(including but not limited to, scalable middleware products/ platform for the
disclosure of reasons for acquisition mobility ecosystem.
of target entity, if its business is
outside the main line of business of
the listed entity)
5 Brief details of any governmental or Not Applicable
regulatory approvals required for the
acquisition
6 Indicative time period for completion Not Applicable
of the acquisition
7 Consideration - whether cash Investment in QORIX GmbH (wholly owned
consideration or share swap or any subsidiary of Company) by way of Cash
other form and details of the same contribution & IP transfer aggregating amounting
to Euro 14.5 million.
8 Cost of acquisition and/or the price at Not Applicable
which the shares are acquired
9 Percentage of shareholding / control 100 % owned by the Company.
acquired and / or number of shares
acquired
10 Brief background about the entity Brief Background.
acquired in terms of products/line of
business acquired, date of Qorix GmbH is an independent company focused
incorporation, history of last 3 years on the creation of a world-class automotive
turnover, country in which the middleware stack.
acquired entity has presence and any
other significant information (in brief). Date of Incorporation : June 12, 2023.
Turnover for last 3 years: Not Applicable.
----- End of picture text -----

KPIT Technologies Limited

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

Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. CIN: L74999PN2018PLC174192