Kaynes Technology India Limited, a prominent player in the technology sector, has announced significant changes to its top leadership, signaling a new chapter in the company's strategic direction.

Leadership Transition

The company has made several key appointments and changes that are set to reshape its executive structure:

1. Mr. Ramesh Kunhikannan has transitioned from the role of Managing Director to Executive Vice Chairman. This move suggests a shift in his responsibilities while maintaining his executive influence within the organization.

2. Dr. Muthukumar Narayanaswamy has been appointed as Managing Director for a five-year term. This appointment brings fresh leadership to the helm of Kaynes Technology's day-to-day operations.

3. Mr. Rajesh Sharma, the current CEO, has resigned and will step down on October 31, 2025, to pursue external opportunities.

These changes represent a substantial restructuring of the company's senior management positions, potentially aimed at driving new growth strategies and operational efficiencies.

CEO Succession Plan

CFO Jairam Sampath stated that the CEO succession was planned, with an internal candidate expected to be announced within 3-4 days. This indicates a smooth transition process and continuity in leadership.

Company Performance and Future Plans

Despite the leadership changes, the company's growth trajectory and capital expenditure plans for the next 2-3 years remain unchanged. This stability in strategic direction is likely to reassure investors and stakeholders.

Stock Performance

Kaynes Technology's stock has shown remarkable performance since its Initial Public Offering (IPO):

• IPO price: ₹587.00 per share
• Current trading price: ₹7,369.00 (2% higher)
• Overall surge: Nearly 12 times the IPO price

This significant increase in stock value demonstrates strong investor confidence in the company's potential and performance.

Company Overview

Kaynes Technology India Limited, with its Corporate Identification Number (CIN) L29128KA2008PLC045825, is headquartered at 23-25, Belagola, Food Industrial Estate, Metagalli PO, Mysore 570016, Karnataka, India.

Upcoming Investor Engagement

In a recent corporate filing, Kaynes Technology has also announced an upcoming investor meeting:

This investor meeting indicates the company's commitment to maintaining transparent communication with its stakeholders, particularly in light of the recent leadership changes.

Trading Window Closure

In compliance with SEBI regulations, Kaynes Technology has informed the stock exchanges about the closure of its trading window:

• Closure Period: October 1, 2025, to October 31, 2025 (both days inclusive)
• Applicability: All Designated Persons and their immediate relatives

During this period, designated individuals are prohibited from dealing in the company's equity shares or securities. This standard practice ensures the prevention of insider trading and maintains market integrity.

The leadership restructuring at Kaynes Technology India Limited marks a significant milestone for the company. As Dr. Narayanaswamy takes the reins as Managing Director and Mr. Kunhikannan moves to the role of Executive Vice Chairman, stakeholders will be keenly watching how these changes influence the company's future trajectory and performance in the technology sector.

Kaynes Technology India Limited , a prominent player in the technology sector, announced a significant leadership change that has impacted its stock performance. The company's Chief Executive Officer, Rajesh Sharma, has tendered his resignation, leading to a notable reaction in the stock market.

Leadership Transition

Rajesh Sharma, who has been serving as the CEO and Key Managerial Personnel of Kaynes Technology, has decided to step down from his position. According to the company's official statement, Sharma's resignation will take effect from the close of business hours on October 31. The outgoing CEO cited his intention to "pursue opportunities outside the organization" as the reason for his departure.

Market Response

Following the announcement, Kaynes Technology's stock experienced a significant downturn:

This market reaction underscores the importance investors place on stable leadership and the potential uncertainties that arise from executive departures.

Sharma's Tenure and Achievements

Rajesh Sharma's tenure at Kaynes Technology has been marked by several notable accomplishments:

• Successfully led the company through its Initial Public Offering (IPO) and subsequent public listing
• Oversaw the expansion of manufacturing capacities
• Guided the company through domestic and global acquisitions
• Contributed to substantial revenue growth
• Helped create significant stakeholder value, with the company achieving a market capitalization of over ₹50,000.00 crores
• Optimized the corporate structure to set up a large conglomerate

In his resignation letter, Sharma expressed gratitude for the opportunity to be part of Kaynes Technology's growth story and confidence in his colleagues' ability to drive the company through its next phases of development.

About Rajesh Sharma

Rajesh Sharma brings a wealth of experience and qualifications to his role:

• Associate member of The Institute of Chartered Accountants of India
• Commerce graduate from Bangalore University
• Over 15 years of experience in accounting and finance

Company's Response and Future Plans

Kaynes Technology acknowledged Sharma's resignation in a filing to the stock exchanges, complying with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has announced that it will reveal the name of its new CEO in the next few days. However, Kaynes Technology has not disclosed additional details about the selection process or the incoming executive.

As the company prepares for this transition, stakeholders will be keenly watching for the announcement of the new CEO and any potential impact on Kaynes Technology's strategic direction and performance in the coming months.