KPIT Technologies Approves New Vietnam Subsidiary, Director Appointment and Financial Results for Q2 2026

Mr. Anant Talaulicar, Chairman of KPIT Technologies, was appointed as Independent Director on the Board of KPIT Technologies Inc., a material unlisted subsidiary based in the US, effective October 28, 2026. Mr. Talaulicar holds a mechanical engineering degree and advanced degrees from the University of Michigan and Tulane University, with extensive leadership experience in the Cummins Group and various industry bodies.

The Board approved establishing a wholly owned subsidiary in Vietnam to enhance business growth by leveraging skilled talent and strengthening regional engagement. This entity will operate in Engineering and Technology services focused on mobility industry offerings. The initial capital investment is USD 2 million (equivalent in Vietnamese Dong).

As part of organizational simplification, the Board approved the strike-off of Samit Solutions Limited, a wholly owned step-down UK subsidiary, which has already integrated its operations and contracts into KPIT Technologies (UK) Limited. This action will reduce regulatory compliances and costs without impacting business operations or financial reporting.

To support business expansion, KPIT Technologies will issue a Letter of Comfort to KPIT Technologies (UK) Limited to increase the factoring facility limit from GBP 6 million to GBP 12 million with BNP Paribas Commercial Finance Limited. This LOC does not create any guarantee, indemnity, or surety obligation on KPIT Technologies Limited itself.

The Board also approved the unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026, with limited review reports from statutory auditors issuing unqualified opinions. The detailed financial results and investor updates are disseminated separately.