KPIT Technologies has announced the disposal of equity shares by promoter Hemlata Shevde in compliance with regulatory disclosure requirements. The transaction was executed through an open market sale on March 11, 2026, as disclosed in a filing dated March 12, 2026.

Transaction Details

The disposal involved 2,000 equity shares of KPIT Technologies Limited, representing 0.000730% of the company's total share capital. The transaction was conducted through an open market sale mechanism.

Shareholding Pattern Changes

Following the disposal, Hemlata Shevde's shareholding in KPIT Technologies has been reduced from her previous position. The change in her equity holding reflects a decrease in her stake in the company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Hemlata Shevde, identified as a promoter of KPIT Technologies, submitted the required documentation to both the National Stock Exchange of India Limited and BSE Limited.

Company Share Capital Structure

KPIT Technologies' total equity share capital remains unchanged following this transaction. The company maintains its existing capital structure with no impact on the overall share count.

The transaction represents a routine disposal by a promoter entity and has been duly reported to the stock exchanges where KPIT Technologies shares are listed for trading.

KPIT Technologies Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr. Parag Shah as an Independent Director. The remote e-voting process concluded on March 4, 2026, with the resolution receiving requisite majority support from members.

Voting Process and Timeline

The postal ballot notice was issued on January 29, 2026, with the remote e-voting period commencing on February 3, 2026, at 9:00 AM IST and concluding on March 4, 2026, at 5:00 PM IST. The cut-off date for determining eligible voters was January 23, 2026, with a total of 609476 shareholders on record.

Resolution Details

The Special Resolution sought approval for the appointment of Mr. Parag Shah (DIN: 00374944) as an Independent Director for a period of three years, effective from January 29, 2026, to January 28, 2029. This appointment strengthens the company's board composition with independent oversight.

Comprehensive Voting Results

Strong Shareholder Support

The resolution received exceptional support with 99.85% of polled votes cast in favour, representing 194864988 votes. Only 291360 votes were cast against the resolution, accounting for merely 0.15% of the total votes polled. The voting participation rate stood at 71.19% of the total shareholding.

Scrutinizer's Validation

Jayavant B. Bhave of J. B. Bhave & Co., Company Secretaries, served as the appointed Scrutinizer for the postal ballot process. The scrutinizer confirmed that the resolution secured the requisite majority and was duly passed as a Special Resolution on March 4, 2026.

Regulatory Compliance

The postal ballot process was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have been made available on the company's website and NSDL's e-voting platform for transparency.