KEC International Limited has announced the superannuation of Mr. Kaushal Kodesia, Executive Director – Special Projects, effective December 31, 2025. The infrastructure company informed both the National Stock Exchange of India Limited and BSE Limited about this senior management change through a regulatory filing.

Senior Management Transition

Mr. Kaushal Kodesia will cease to be Senior Management Personnel of the company with effect from the close of business hours on December 31, 2025. The superannuation represents a planned retirement transition within the company's leadership structure.

Regulatory Compliance Details

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided the required disclosure details as mandated by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Corporate Communication

The formal intimation was signed by Suraj Eksambekar, Company Secretary and Compliance Officer, and communicated to both stock exchanges where KEC International shares are listed. The company requested the exchanges to take note of this change in their records.

This superannuation represents a routine senior management transition as part of the company's organizational changes, with KEC International ensuring full compliance with regulatory disclosure requirements.

HDFC Mutual Fund has announced a significant reduction in its shareholding in KEC International Ltd, with its stake decreasing to 6.93% as of December 22, 2025. The fund house disclosed this information under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Shareholding Reduction Details

The mutual fund sold 46,22,581 shares, representing 2.04% of KEC International's paid-up equity share capital through open market transactions. This brings HDFC Mutual Fund's total holding down from 8.97% to 6.93% of the company's equity.

HDFC Schemes Involved

The shareholding reduction involves multiple HDFC Mutual Fund schemes operating under HDFC Trustee Company Limited. The participating schemes include:

• HDFC BSE 500 ETF and Index Fund
• HDFC Dividend Yield Fund
• HDFC Large and Mid Cap Fund
• HDFC NIFTY 500 MULTICAP 50:25:25 Index Fund
• HDFC Hybrid Equity Fund
• HDFC Retirement Savings Fund (Equity and Hybrid-Equity Plans)
• HDFC NIFTY Small Cap 250 ETF and Index Fund
• HDFC Small Cap Fund and Mid Cap Fund

Company's Current Capital Structure

KEC International's paid-up equity share capital currently stands at ₹53.24 crores, comprising 2,66,20,000 equity shares of ₹2 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance

The disclosure was made by Divya Chouta, Joint Assistant Vice President-Compliance at HDFC Asset Management Company Limited, dated December 24, 2025. HDFC Mutual Fund confirmed that it does not belong to the promoter or promoter group of KEC International. The fund house referenced its previous disclosure from December 5, 2018, when it held 8.97% stake in the company based on the then paid-up equity share capital of ₹51.42 crores.

This transaction represents a strategic portfolio adjustment by HDFC Mutual Fund, reducing its exposure in the infrastructure and engineering company while maintaining a significant minority stake of nearly 7% in KEC International.