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KPIT Technologies Ltd Regulatory Filings 2025
59234_rns_2025-08-08_69f3fa33-dbb0-4eee-abe3-ea2a836e74f6.pdf
Regulatory Filings
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August 8, 2025
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: - Outcome of the Board Meeting held on Friday, August 8, 2025
Ref:- Disclosure of events & information pursuant to Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Time of Commencement of the Board Meeting: 02:20 pm 1ST. Time of Conclusion of the Board Meeting: 04:00 pm 1ST.
We wish to inform you that the Board of Directors of the Company, at its meeting held today, inter alia, has approved the following:
A. Update on Acquisition of Caresoft.
This is with reference to our intimation dated May 6, 2025, wherein we had informed about the acquisition of Caresoft (Caresoft Global Technologies, Inc. USA, Caresoft Engineering Services Limited, UK, CAREGLOTECH de RL de CV Mexico, OXI SRL Italy) for total consideration of up to US\$191 Million. Further to the completion of customary closing conditions and overall changes in the macros business environment, the parties together renegotiated the consideration amount for Caresoft. Subsequently, the amount for acquisition of Caresoft is finalized at total consideration up to US\$ 157 Million (including US\$ 15 Million variable pay based on achievement of revenue and other business synergy milestones). This consideration can be paid for in one or more tranches over a period of 4 years. Other terms & conditions of said agreement remain unchanged.
This acquisition will strengthen KPIT's Vehicle Engineering & Design and Truck, Off-Highway offerings as it will integrate downstream engineering and benchmarking services. This will help the company achieve a faster go-tomarket for products, resulting in cost savings for OEMs.
Update on acquisition of N-Dream AG ('N-Dream').
This is with reference to our earlier intimation dated November 9, 2023, regarding approval of the Board of Directors of the Company for the strategic investment of 13% in N-Dream. Further on July 24, 2024, we had informed about further
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 [email protected]
w kpit.com
acquisition of 13% shareholding in N-Dream to take the total shareholding of KPIT to 26% in N-Dream.
The Company is currently increasing its stake to 51% at a consideration of Euro 6.5 million in N-Dream, a Cloud based Game Aggregation Platform company, based in Switzerland. Consequently N-Dream will become a subsidiary of the Company. Going forward the Company shall acquire a stake up to 90% in two or more tranches during the current financial year.
C. Investment in Helm.ai up to an amount of US\$ 10 Million.
We wish to inform you that the Company will be investing upto US\$ 10 Million via "SAFE Instrument" in preferred stock of Helm.ai in one or more tranches, subject to review of synergy parameters upto the satisfaction of the Company. This investment shall not result in Helm.ai being a subsidiary of the Company, and the Company will not have any participative rights.
Helm.ai builds advanced Al software for self-driving cars. They help OEM to develop safe, scalable, and cost-effective autonomous driving systems-from basic driver assistance to full autonomous driving vehicles. Their software uses cutting-edge Al models and doesn't rely heavily on expensive sensors like lidar.
In alignment with KPIT's strategic focus on Software-Defined Vehicles (SDV), the partnership with Helm.ai provides access to advanced Al software for autonomous driving and data generation, shall strengthen joint go-to-market efforts with KPIT leading integration and deployment, enables customization for India and other emerging markets, and opens opportunities to develop Al solutions in mobility industry.
The details of disclosure pursuant to Para A of Part A of Schedule Ill of the SEBI Listing Regulations read with SEBI Circular dated November 11, 2024, are enclosed herewith as "Annexure-A".
Kindly take the same on your records.
Thanking you.
Yours faithfully,
Ashish Malhotra General Counsel & Company Secretary
KPIT Technologies Ltd. Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulshi, Hinjawadi, Pune- 411057, India. CIN : L74999PN2018PLC174192
0 +91 20 6770 6000 E [email protected] W kpit.com
Annexure A
| Sr. No. |
Particulars | |
|---|---|---|
| 1 | Name of the target entity, brief such details in as |
Helm.ai |
| size, turnover etc. | Turnover for last 3 years: | |
| USO 9.28 Million as on December 31, 2024 USO 7.29 Million as on December 31, 2023. USO 4.36 Million as on December 31, 2022. |
||
| 2 | Whether the acquisition would fall within related |
The acquisition is not with a related party. |
| party transaction(s) and whether the promoter/ promoter group/ group |
Promoter/ Promoter Groups/ Group Companies do not have any interest. |
|
| companies any have interest in the entity being acquired? If yes, nature of interest and details thereof and whether the done at "arm's same is |
None of the KPIT directors have any interest | |
| 3 | leni:rth" Industry to the which entity being acquired belongs |
Helm.ai builds advanced Al software for self robotics driving cars. They help OEM and companies develop safe, scalable, and cost effective autonomous driving systems-from basic driver assistance to full autonomy. |
| 4 | of effects Objects and acquisition (including but not limited to, disclosure of reasons for acquisition if of target entity, its the business is outside main line of business of the listed entity) |
In alignment with KPIT's strategic focus on the Software-Defined Vehicles (SDV), partnership with Helm.ai provides access to advanced Al software for autonomous driving, strengthens joint go-to-market efforts with integration deployment, KPIT leading and for customization India and other enables emerging markets, and opens opportunities to for off-highway develop solutions Al applications. |
| 5 | of Brief details any or governmental regulatory approvals for the required acquisition |
Not Applicable |
| 6 | Indicative time period for of completion the acquisition |
Transaction will be completed within a period of 6 months. |
| whether Consideration - |
Cash consideration up to US\$ 10 Million in one |
KPIT Technologies Ltd. 0 +91 20 6770 6000 E [email protected] 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
| share swap or any other form and details of the same |
|||
|---|---|---|---|
| Cost of acquisition and/or 8 at which the the price shares are acquired |
Cash consideration up to US\$ 10 Million in one or more tranches |
||
| of Percentage 9 control shareholding / acquired and / or number of shares acquired |
Company participating The is in Series D funding sought by Helm.ai. Accordingly, the percentage of shareholding shall be ascertained post completion of the Series D funding round, subsequently. |
||
| Brief background about the 10 entity acquired in terms of products/line of business acquired, date incorporation, history last turnover, 3 years country which in entity acquired has other presence and any significant information (in brief). |
Helm.ai builds advanced Al software for self driving cars. robotics They help OEM and companies develop safe, scalable, and cost of effective autonomous driving systems from basic driver assistance to full autonomy. of the Turnover for last 3 years: USO 9.28 Million as on December 31, 2024 USO 7.29 Million as on December 31, 2023 USO 4.36 Million as on December 31, 2022 Date of Incorporation: November 2016 Headquarters: Redwood City, California, USA Employees: 100+ |
||
| *** |
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KPIT Technologies Ltd. Registered & Corporate Office: Plot No. 17, Rajiv Gandhi lnfotech Park, MIDC-SEZ, Phase-Ill, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. CIN Wkpit.com : L74999PN2018PLC174192
0 +91 20 6770 6000 E [email protected]