KPIT Technologies Appoints Dr. Nirmala Pandit to Board; Sets ₹5.25 Final Dividend Record Date

KPIT Technologies has announced a series of important leadership and governance decisions, including the appointment of Dr. Nirmala Pandit to its Board of Directors, approval of its financial results for the quarter ended June 30, 2026, and the declaration of the record date for its final dividend for FY2025-26. The decisions were approved during the company's Board meeting held on July 29, 2026, reflecting a broader effort to ensure leadership continuity after the untimely demise of the company's co-founder and Chairman, S. B. (Ravi) Pandit.

The changes come at a significant moment for the Pune headquartered technology company, which has evolved into one of India's leading engineering research and development (ER&D) software firms serving the global automotive, mobility and software industries. While the appointment of Dr. Pandit fills an important vacancy on the Board, the company has also moved to reinforce its governance framework through multiple director reappointments, committee restructuring and management changes ahead of its upcoming Annual General Meeting (AGM).

Alongside these corporate decisions, the Board approved the unaudited standalone and consolidated financial results for the first quarter of FY2026-27. The results received an unqualified opinion from the company's statutory auditors, indicating that the financial statements present a true and fair view in accordance with applicable accounting standards. The company has also confirmed that shareholders eligible for the ₹5.25 per equity share final dividend will be determined based on the record date of August 12, 2026, subject to approval at the forthcoming AGM.

Dr. Nirmala Pandit Joins the Board for a Three-Year Term

The most notable announcement from the Board meeting was the appointment of Dr. Nirmala Pandit (DIN: 03621715) as an Additional Non-Independent Non-Executive Director, effective July 29, 2026. Her appointment has been made for a period of three years and will remain valid until July 28, 2029. According to the company, she will not be liable to retire by rotation during her tenure.

Dr. Pandit has long been associated with the promoter group and is recognised for her legal background and institutional understanding of the company. Her appointment comes shortly after the passing of Chairman and co-founder Ravi Pandit, and is expected to provide continuity within the promoter-led leadership structure. She is also the mother of Mr. Chinmay Pandit, who currently serves as a Whole-time Director of KPIT Technologies.

The appointment forms part of a broader succession plan intended to ensure continuity in decision-making while maintaining the company's existing governance framework. As the company continues to expand its engineering software and mobility solutions business globally, stability at the Board level assumes greater significance for investors and stakeholders.

Interim Chairman Appointed as Company Strengthens Leadership Structure

To ensure uninterrupted governance during the leadership transition, the Board appointed Mr. Anant Talaulicar, an Independent Non-Executive Director, as the Chairman of the Board for a period of one year, including the forthcoming Annual General Meeting.

The interim appointment allows the company to maintain continuity in Board oversight while longer-term leadership arrangements evolve. Independent directors often play a crucial role during transition periods by providing governance stability and ensuring that strategic decisions continue without disruption.

The Board also approved several governance-related changes covering directors, senior management and Board committees, reflecting a wider organisational restructuring following the recent leadership changes.

Key Board Appointments and Reappointments

Director	Position	Effective From	Term Ends	Remarks
Dr. Nirmala Pandit	Additional Non-Executive Director	29 Jul 2026	28 Jul 2029	Not liable to retire by rotation
Mr. Anant Talaulicar	Chairman of the Board	29 Jul 2026	One-year term	Interim Chairman
Ms. Bhavna Doshi	Independent Director	15 Sep 2026	14 Sep 2031	Reappointed for five years
Mr. Anup Sable	Whole-time Director	22 Dec 2026	21 Dec 2031	Reappointed for five years
Mr. Chinmay Pandit	Whole-time Director	26 Jul 2027	25 Jul 2032	Reappointed for five years

The reappointments of Ms. Bhavna Doshi, Mr. Anup Sable and Mr. Chinmay Pandit remain subject to shareholder approval at the company's 9th Annual General Meeting, scheduled for August 31, 2026.

Company Announces Changes in Senior Management and CSR Committee

Apart from Board-level appointments, KPIT Technologies also approved changes within its senior management structure. Mr. Omkar Panse, the company's Chief Technology Officer, has now been designated as Senior Management Personnel with effect from July 29, 2026.

The Board also reconstituted the Corporate Social Responsibility (CSR) Committee. Under the revised structure, Mr. Anant Talaulicar will serve as Chairman of the committee, while Dr. Nirmala Pandit and Mr. Sachin Tikekar have been appointed as members.

Committee restructuring is a routine governance exercise following Board changes and ensures that statutory committees continue to meet regulatory requirements under the Companies Act and SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations.

Board Retains Existing Remuneration Limits

The Board also approved the continuation of remuneration limits for directors over the next five financial years beginning FY2026-27.

For Non-Executive Directors, remuneration will continue to remain capped at 2% of the company's net profits, calculated under Section 198 of the Companies Act, 2013.

For Executive Directors, the remuneration ceiling has been retained at 8% of net profits for an individual executive director, while the collective limit for all executive directors will remain 15% of net profits.

Although these changes primarily align managerial remuneration with statutory provisions, they also replace the earlier overall ceiling of 11% with more clearly defined limits applicable to different categories of directors.

Approved Remuneration Limits

Category	Approved Limit
Non-Executive Directors	2% of net profits
Individual Executive Director	8% of net profits
All Executive Directors (combined)	15% of net profits
Applicable Period	FY2026-27 to FY2030-31

Final Dividend Record Date Fixed for August 12

The Board has fixed Wednesday, August 12, 2026, as the record date for determining shareholders eligible to receive the company's final dividend of ₹5.25 per equity share for FY2025-26.

The dividend remains subject to shareholder approval at the upcoming AGM and will be paid within the statutory timelines prescribed under the Companies Act, 2013.

For investors, the record date is an important milestone because only shareholders whose names appear in the company's records on that date will qualify for the dividend payment.

Dividend Details

Particular	Details
Final Dividend	₹5.25 per equity share
Financial Year	FY2025-26
Record Date	12 August 2026
AGM Date	31 August 2026
Payment	Subject to shareholder approval

KPIT Technologies Share Performance

KPIT Technologies shares have witnessed significant volatility over the past year despite delivering strong long-term returns.

Period	Stock Return
1 Day	+3.48%
5 Days	+8.14%
1 Month	-14.29%
6 Months	-44.80%
1 Year	-48.83%
5 Years	+112.72%

While the stock has corrected sharply over the last twelve months amid weakness across technology shares, its five-year performance continues to reflect substantial wealth creation for long-term investors.

What Investors Should Watch

For investors, the latest announcements are primarily governance-related rather than operational. The appointment of Dr. Nirmala Pandit, the interim leadership arrangement, director reappointments and committee restructuring indicate that the company is focused on maintaining continuity following the loss of its chairman. Attention will now shift to the company's quarterly financial performance, management commentary on demand from global automotive and mobility clients, and the outcome of the Annual General Meeting later in August, where shareholders will vote on the appointments and the proposed final dividend.

Why did KPIT Technologies appoint Dr. Nirmala Pandit?

The company appointed Dr. Nirmala Pandit to strengthen Board continuity following the demise of co-founder and Chairman Ravi Pandit.

What is the record date for KPIT Technologies' final dividend?

The company has fixed August 12, 2026, as the record date for the final dividend of ₹5.25 per share.

When will KPIT Technologies hold its AGM?

The company's 9th Annual General Meeting is scheduled for August 31, 2026.

Who is the interim Chairman of KPIT Technologies?

Independent Director Mr. Anant Talaulicar has been appointed Chairman of the Board for a one-year term.