KPIT Technologies has authorized specific Key Managerial Personnel (KMPs) to determine the materiality of events and make subsequent disclosures to stock exchanges, effective July 29, 2026. The authorization empowers CEO Kishor Patil, Joint Managing Director Sachin Tikekar, and Chief Financial Officer Priyamvada Hardikar to act independently in assessing whether an event or information constitutes a material disclosure under regulatory guidelines. This delegation aims to enhance the efficiency and timeliness of market communications by enabling senior leadership to make immediate determinations on disclosure obligations without requiring additional board-level approvals for each instance.

The authorization is made pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under this provision, listed entities must designate KMPs who are empowered to decide on the materiality of an event or information and make disclosures to the stock exchanges. By formally designating these individuals, KPIT ensures compliance with SEBI’s mandate for transparent and prompt dissemination of price-sensitive information to investors and regulators.

The designated KMPs hold critical leadership roles within the company’s executive structure. Kishor Patil serves as the Chief Executive Officer and Managing Director, overseeing overall corporate strategy and operations. Sachin Tikekar, as Joint Managing Director, shares responsibility for key operational decisions and strategic initiatives. Priyamvada Hardikar, the Chief Financial Officer, manages financial reporting, investor relations, and regulatory compliance matters. Their combined expertise allows for a comprehensive assessment of both operational and financial materiality when evaluating potential disclosures.

Ashish Malhotra, General Counsel & Company Secretary, serves as the single point of contact for these disclosures. He is responsible for coordinating with stock exchanges and ensuring that all communications adhere to regulatory standards. Investors and stakeholders can reach him via email at ashish.malhotra@kpit.com or through the company’s registered office in Pune. The details of this authorization have been published on the company’s website at www.kpit.com , ensuring transparency and accessibility for all market participants.

This procedural update reflects KPIT’s commitment to maintaining robust corporate governance practices. By clearly defining the roles and responsibilities of its KMPs regarding materiality determinations, the company reduces ambiguity in its disclosure processes. This clarity helps prevent delays in communicating significant developments to the market, thereby supporting fair and efficient price discovery for its securities listed on the Bombay Stock Exchange and the National Stock Exchange of India Ltd.

KPIT Technologies witnessed a significant block trade on the BSE, recording a total deal value of ₹249.47 crore. The transaction involved approximately 40,83,987 shares executed at ₹610.85 per share at the open of trading.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the BSE:

Block trades of this scale typically involve large institutional participants and are executed outside the regular order book to minimise market impact. The transaction at ₹610.85 per share at open reflects the price at which the bulk of these shares were transferred between parties on the BSE.