KFin Technologies Limited has received a formal request for promoter group reclassification from House of Anita Dongre Private Limited (HADPL), marking a significant corporate governance development. The request, submitted on January 07, 2026, seeks reclassification from the 'Promoter Group' category to the 'Public' category under SEBI regulations.

Background of the Reclassification Request

The reclassification request stems from recent corporate restructuring involving General Atlantic entities. Previously, General Atlantic Singapore Fund Pte. Ltd. (GASF) and General Atlantic Singapore HAD Pte. Ltd. (GAS HAD) held shareholdings in HADPL, which resulted in HADPL being classified as part of KFin Technologies' promoter group. Following the complete divestment of these stakes, HADPL no longer maintains any connection to the original promoter entities.

Regulatory Compliance and Undertakings

HADPL has provided comprehensive undertakings in accordance with Regulation 31A of the SEBI LODR Regulations. The entity has confirmed that it, along with persons related to it, does not hold more than 10.00% of total voting rights in KFin Technologies. Additionally, HADPL has affirmed that it exercises no control over the company's affairs, either directly or indirectly.

Key compliance confirmations include:

• No special rights or arrangements with KFin Technologies
• No representation on the Board of Directors
• No Key Managerial Person roles within the company
• Clean record as per RBI guidelines for the last three years
• No classification as fugitive economic offender

Current Status and Next Steps

KFin Technologies has acknowledged receipt of the reclassification request and will present it to the Board of Directors for consideration. The company will take requisite action in accordance with Regulation 31A of the LODR Regulations. The formal documentation includes HADPL's request letter as Annexure 'A' and has been communicated to both NSE and BSE.

Corporate Governance Implications

This reclassification request reflects the evolving shareholding structure following the General Atlantic entities' complete exit from HADPL. The move aligns with regulatory requirements that mandate accurate classification of entities based on their actual relationship and control mechanisms with listed companies. Upon approval, HADPL will transition from the promoter group category to public classification in KFin Technologies' shareholding pattern submissions to stock exchanges.

US-based investment firm Wasatch Advisors LP has increased its stake in KFin Technologies Ltd through a substantial acquisition disclosed under SEBI regulations. The Salt Lake City-based investment advisor acquired additional shares through open market purchases, crossing the regulatory disclosure threshold.

Transaction Details

The acquisition involved the purchase of 263,663 shares of KFin Technologies through open market transactions executed on December 29, 2025. This represents 0.153% of the company's total share capital.

Shareholding Position

Following the acquisition, Wasatch Advisors LP's total shareholding in KFin Technologies has increased from 7.067% to 7.220%. The detailed shareholding comparison shows the firm's growing investment in the financial services company.

Company Information

KFin Technologies Ltd maintains its equity share capital at ₹1,724,010,000.00, based on a par value of ₹10.00 per share and total issued shares of 172,401,000. The company's shares are listed on both BSE and NSE, trading under the symbols 543720 and KFINTECH respectively.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on December 30, 2025. Dan Thurber, Vice President and General Counsel of Wasatch Advisors LP, signed the disclosure on behalf of the firm. Wasatch Advisors LP is not part of the promoter or promoter group of KFin Technologies Ltd.

About the Acquirer

Wasatch Advisors LP operates from 505 Wakara Way, 3rd Floor, Salt Lake City, UT 84108, USA. The firm has been systematically building its position in KFin Technologies, with this latest acquisition representing its continued confidence in the Indian financial services company.