KPIT Technologies shareholders approve ₹5.25 dividend, board changes at AGM

KPIT Technologies shareholders approved a final dividend of ₹5.25 per equity share for FY26 at the annual general meeting held on August 31, 2026. The payout complements the interim dividend of ₹2.25 per share already declared, marking a total dividend distribution for the fiscal year.

The 9th AGM was conducted through video conferencing and other audio-visual means, with a deemed venue at the company’s registered office in Pune. Chairman Anant Talaulicar presided over the proceedings, which included a minute of silence to honor co-founder and promoter S. B. (Ravi) Pandit, who passed away recently.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the meeting. The primary financial resolution involved the adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026. Reports from statutory and secretarial auditors were taken as read, with no qualifications or adverse remarks noted.

Resolution Type	Description	Status
Ordinary	Adopt audited standalone financial statements for FY26	Passed
Ordinary	Adopt audited consolidated financial statements for FY26	Passed
Ordinary	Declare final dividend of ₹5.25 per equity share	Passed
Ordinary	Reappoint Kishor Patil as Director	Passed
Special	Maintain remuneration limits for Non-Executive Directors for 5 years	Passed
Special	Maintain remuneration limits for Executive Directors for 5 years	Passed
Special	Reappoint Bhavna Doshi as Independent Director for 5 years	Passed
Ordinary	Reappoint Anup Sable as Whole-time Director for 5 years	Passed
Ordinary	Reappoint Chinmay Pandit as Whole-time Director for 5 years	Passed
Ordinary	Appoint Dr. Nirmala Pandit as Non-Independent Non-Executive Director for 3 years	Passed

Voting Results Overview

The scrutinizer's report filed on September 1, 2026, confirms that all resolutions secured the requisite majority. Voting was conducted through remote e-voting and e-voting during the meeting, scrutinized by J. B. Bhave & Co., Company Secretary.

Dividend Resolution: The final dividend resolution received overwhelming support, with 99.9976% of votes cast in favor. Only 0.0024% of votes were cast against the resolution.

Board Appointments:

Kishor Patil's reappointment as Director received 99.3533% support.
Dr. Nirmala Pandit's appointment as Non-Independent Non-Executive Director received 99.8869% support.
Bhavna Doshi's reappointment as Independent Director received 98.5619% support.

Remuneration Limits:

Non-Executive Directors' remuneration limits received 98.4097% approval.
Executive Directors' remuneration limits received 96.7229% approval.

The promoter and promoter group voted in favor of all resolutions where they were not required to abstain. Public institutions showed varying levels of opposition to certain management-related resolutions, particularly regarding executive director remuneration limits (7.1676% against) and Anup Sable's reappointment (7.8745% against).

Board and Management Updates

The meeting facilitated significant board composition updates. Kishor Patil, CEO and Managing Director, was reappointed as a Director after retiring by rotation. Additionally, Ms. Bhavna Doshi was reappointed as an Independent Director for a five-year term starting September 15, 2026. Mr. Anup Sable and Mr. Chinmay Pandit were both reappointed as Whole-time Directors for five-year terms commencing in December 2026 and July 2027, respectively.

Dr. Nirmala Pandit was appointed as a Non-Independent Non-Executive Director for a three-year period beginning July 29, 2026. The shareholders also granted approval to maintain remuneration limits payable to both Executive and Non-Executive Directors for a further period of five years, effective from FY27.

Meeting Proceedings

Eighty-two members attended the AGM via VC/OAVM, satisfying the quorum requirement. Kishor Patil presented an overview of the company’s performance in FY26, market trends in mobility technology, and the mid-term outlook for FY27. He highlighted investments in growth areas such as chip-to-cloud technology and the Beacon mobility intelligence product.

The floor was opened for questions from registered speaker shareholders, which were addressed by the management team. The results will be uploaded to the company website and stock exchanges within the prescribed timeline under SEBI Listing Regulations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.21%	+1.53%	-1.06%	-23.22%	-50.27%	+75.79%

KPIT Technologies has been penalised ₹1.23 crore by the Collector of Stamps for a four-day delay in lodging the National Company Law Tribunal order related to its composite scheme of arrangement.

The adjudication order, received on August 26, 2026, imposes the penalty jointly on KPIT Technologies Limited and Birlasoft Limited. The violation stems from the late submission of the NCLT order sanctioning the scheme amongst Birlasoft (India) Limited, Birlasoft Limited, KPIT Technologies Limited, and their respective shareholders.

Regulatory Disclosure

The company disclosed the penalty under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed with the Bombay Stock Exchange and the National Stock Exchange on August 27, 2026.

Particulars	Details
Authority	Collector of Stamps
Penalty Amount	₹1.23 crore
Reason	Four-day delay in lodgement of NCLT Order
Date of Receipt	August 26, 2026

Financial Impact

KPIT Technologies stated that the penalty will be paid in accordance with standard processes. The company asserted that there is no material impact on its financials, operations, or other activities.

The penalty represents a routine compliance cost associated with the execution of the corporate restructuring process rather than an operational failure.