KPIT Technologies has received regulatory approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for the reclassification of two promoters under SEBI regulations. The approval, granted on April 29, 2026, allows the reclassification of Mr. Ajay Shridhar Bhagwat and Ms. Ashwini Ajay Bhagwat from the 'Promoter' category to 'Public' category.

Regulatory Approval Details

The company submitted its reclassification application to both NSE and BSE on February 02, 2026, seeking approval under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exchanges granted their no-objection letters on April 29, 2026, with KPIT Technologies formally disclosing the approval on April 30, 2026.

Both exchanges have emphasized the company's requirement to ensure compliance with subsequent relevant disclosures of material events related to this reclassification, in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015.

Shareholding Impact

The reclassification involves the transfer of shareholding from the promoter category to public shareholders. The outgoing promoters' shareholding details are structured as follows:

This reclassification will result in a reduction of promoter holding by 0.82% of the company's total share capital, with these shares now being classified under the public category.

Exchange Communications

NSE's approval letter, referenced as NSE/LIST/COMP/KPITTECH/560/2026-2027 and dated April 29, 2026, was signed by Apeksha Raichura, Senior Manager – Listing Compliance. Similarly, BSE's approval letter, referenced as LIST/COMP/KR/052/2026-27, was signed by Jayshree Soni, Deputy Vice President, Listing Compliance, and Krishna Rathi, Deputy Manager, Listing Compliance.

Both depositories, National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), have been copied on the exchange communications to ensure proper record maintenance across all regulatory bodies.

Corporate Governance Compliance

The reclassification process demonstrates KPIT Technologies' adherence to corporate governance standards and regulatory compliance requirements. The company's disclosure was signed by Ashish Malhotra, General Counsel & Company Secretary, ensuring proper authorization and documentation of the corporate action.

This regulatory approval completes the formal process for promoter reclassification, allowing the designated shareholders to transition from promoter status to public shareholders while maintaining transparency and regulatory compliance throughout the process.

KPIT Technologies Limited has formally notified stock exchanges about an upcoming Board of Directors meeting scheduled for May 6, 2026. The announcement, made in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines key agenda items for the meeting.

Board Meeting Agenda

The board meeting will address two primary matters of significant importance to stakeholders:

Trading Window Restrictions

KPIT Technologies has implemented trading window closure measures in accordance with regulatory requirements. The company referenced its earlier communication dated March 31, 2026, confirming that the trading window closure period commenced from April 1, 2026. This restriction will remain in effect until 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2026.

Regulatory Compliance

The board meeting intimation demonstrates KPIT Technologies' adherence to listing regulations and transparency requirements. The company has formally communicated with both BSE Limited and National Stock Exchange of India Limited, ensuring proper disclosure to all relevant stakeholders. The notification was signed by Ashish Malhotra, General Counsel & Company Secretary, on April 29, 2026.

Dividend Approval Process

Any final dividend recommendation from the board meeting will require subsequent approval from shareholders at the company's Annual General Meeting. This two-step approval process ensures proper governance and shareholder participation in dividend distribution decisions for Financial Year 2025-26.