KPIT Technologies Limited held its board meeting on January 29, 2026, announcing key financial and corporate developments for the quarter ended December 31, 2025. The meeting, which commenced at 9:15 AM IST and concluded at 12:15 PM IST, resulted in several significant decisions that will impact shareholders and the company's strategic direction.

Financial Results and Dividend Declaration

The board approved unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025. The statutory auditors issued an unqualified opinion on these financial results, indicating clean financial reporting.

The interim dividend will be paid to eligible shareholders within the stipulated timeframe as mandated by the Companies Act, 2013, and associated rules.

Leadership Appointments

Independent Director Appointment

The board appointed Mr. Parag Shah as Additional & Independent Director with effect from January 29, 2026. His appointment brings significant expertise to support the company's software-defined mobility agenda.

Mr. Shah is Founder and Partner of Amara Partners, a mid-market Private Equity fund. With over 25 years of experience, he previously held various positions with the Mahindra Group, including Member of the Group Executive Board and Managing Partner of Mahindra Partners. His expertise spans building new businesses, turnarounds, joint ventures, mergers & acquisitions, and IPOs. He holds a BS Degree in Computer Engineering from Illinois Institute of Technology and is a graduate of Harvard Business School's General Management Program.

Chief Operating Officer Appointment

Mr. Anup Sable was appointed as Chief Operating Officer and Key Managerial Personnel with immediate effect. Having completed over 30 years with KPIT Technologies, Mr. Sable has been instrumental in driving key initiatives throughout the company's growth journey. His role will include transformation to solutions business, including AI-led transformation. He was pivotal in establishing the Automotive Engineering footprint in KPIT 22 years ago, laying the foundation for the company's leadership in the automotive sector.

Promoter Reclassification

The board approved the reclassification of two promoters from "Promoter & Promoter Group" category to "Public category," subject to stock exchange approvals.

The outgoing promoters were among the early founders but have not been associated with day-to-day operations for the last two decades. They have been pursuing independent business interests and have not been board members for the past 10 years. Their shareholding is purely a financial investment with no managerial or strategic role.

Corporate Restructuring

The board approved the transfer of 26% shareholding in N-Dream AG, a step-down subsidiary, from the company to KPIT Technologies (UK) Limited, a wholly-owned subsidiary. This transfer aims to bring parity in the KPIT group organization structure, while the group's overall 90% holding in N-Dream AG remains unchanged.

N-Dream AG is a cloud-based game aggregation platform company based in Switzerland. This strategic investment supports KPIT's roadmap to enable Automotive OEMs enhance driver and passenger experience in future cockpit solutions. The collaboration will focus on offering value-added data products for Automotive OEMs, enabling additional monetizable experiences and features.

KPIT Technologies Limited has announced a key board change with the cessation of Mr. B V R Subbu as Independent Director, effective January 15, 2026. The company informed stock exchanges about this development under regulatory disclosure requirements, marking the completion of his second term in the position.

Director Cessation Details

The company provided comprehensive details about the directorial change to both BSE and NSE exchanges. Mr. B V R Subbu, holding Director Identification Number (DIN) 00289721, completed his tenure as Independent Director and ceased to be associated with the company at the end of business hours on January 15, 2026.

Regulatory Compliance

KPIT Technologies fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both major stock exchanges where the company's shares are listed.

The disclosure included detailed information as per Schedule III of the Listing Regulations, in compliance with SEBI Circular dated November 11, 2024. Company Secretary and General Counsel Ashish Malhotra signed the official communication to the exchanges.

Corporate Governance Impact

The cessation represents a natural conclusion of Mr. Subbu's tenure rather than any unexpected departure. As an Independent Director, he would have provided external oversight and governance expertise to the IT software company's board operations during his tenure.

The company has maintained transparency by promptly informing stakeholders about this board composition change, ensuring compliance with corporate governance norms and regulatory requirements.