Kaynes Technology Independent Director Anup Kumar Bhat Steps Down

Kaynes Technology India Limited , a prominent player in the Indian technology sector, has announced a significant change in its board composition. Anup Kumar Bhat, an Independent Director of the company, has tendered his resignation, effective November 10, 2025.

Resignation Details

Mr. Bhat's departure from the board comes with immediate effect, as disclosed in a regulatory filing by Kaynes Technology India. The company cited Mr. Bhat's commitment to various other assignments as the primary reason for his resignation.

Impact on Board Committees

With this resignation, Mr. Bhat will also step down from his roles in several key committees of the company. The positions he will vacate include:

Committee	Role
Audit Committee	Member
Corporate Social Responsibility Committee	Member
Nomination & Remuneration Committee	Member
Risk Management Committee	Member

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kaynes Technology India has promptly informed the stock exchanges about this development. The company has assured that Mr. Bhat confirmed no material reasons for his resignation other than those mentioned in his resignation communication.

Company Response

Anuj Mehtha, Company Secretary and Compliance Officer of Kaynes Technology India Limited, officially communicated this change to the BSE Limited and the National Stock Exchange of India Limited. The company has stated that the information regarding Mr. Bhat's resignation will be available on their official website.

About Kaynes Technology India Limited

Kaynes Technology India Limited, with its registered office in Mysore, Karnataka, is listed on both the BSE and the NSE. The company operates in the technology sector and has been compliant with regulatory requirements in disclosing this board-level change.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.76%	-7.99%	-13.44%	-2.69%	+5.64%	+760.93%

Kaynes Technology India Limited , a leading electronic manufacturing services (EMS) company, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth and progress in its strategic initiatives.

Financial Highlights

Metric	Q2 FY26	YoY Growth
Revenue	9,062.00	58%
Operational EBITDA	1,480.00	80%
EBITDA Margin	16.30%	190 bps expansion
Profit After Tax	1,214.00	-
PAT Margin	13.40%	-
Order Book	80,994.00	-

The company's performance in Q2 FY26 showcases its strong market position and execution capabilities in the rapidly growing electronics manufacturing sector.

Strategic Developments

OSAT Facility Progress

Kaynes Technology has made significant strides in its semiconductor ambitions with the Sanand OSAT (Outsourced Semiconductor Assembly and Test) facility. The company successfully delivered India's first commercially manufactured multichip module, IPM5, in collaboration with Alpha & Omega Semiconductor and Mitsui & Company. This achievement marks a crucial milestone in India's journey towards semiconductor self-reliance.

PCB Manufacturing Expansion

The company has received government approval for its advanced PCB (Printed Circuit Board) manufacturing projects. Kaynes is setting up a multilayer HDI PCB facility in Chennai, positioning itself to capture a significant share of the growing PCB market, which is projected to cross USD 100 billion globally by 2030.

Strategic Collaborations

Kaynes has formed strategic partnerships with industry leaders such as Infineon, Alpha & Omega Semiconductor, L&T Semiconductor, and Mitsui. These collaborations are expected to strengthen the company's position in various segments, including MEMS-based true wireless stereo packaging and consumer electronics.

Operational Focus

Dr. Muthukumar Narayanaswamy, Managing Director, emphasized the company's focus on transitioning from a service-led EMS model to a product-led ESDM (Electronic System Design and Manufacturing) enterprise. Key initiatives include:

Implementing enterprise-wide systems and process harmonization
Driving improvements in productivity, cost, and delivery
Embedding a culture of total predictive maintenance
Undertaking business process restructuring and digital transformation

Future Outlook

Kaynes Technology maintains its revenue guidance of $1 billion by FY28 and $2 billion by FY30. The company's expansion into high-value manufacturing segments like OSAT and advanced PCB production is expected to drive margin accretion and sustainable value creation for stakeholders.

While the company faces challenges in working capital management, particularly in receivables, management has outlined strategies to improve cash flow and reduce net working capital days by the end of the fiscal year.

As Kaynes Technology continues to evolve from an EMS player to a fully integrated ESDM company, it is well-positioned to capitalize on India's growing electronics manufacturing sector and contribute to the country's technological self-reliance.