KPIT Technologies Limited has informed the Exchange about Approval for Reclassification of two promoters of the Company from Promoter Category to Public Category.
KPITTECH · price
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KPIT Technologies has received approval from both NSE and BSE to reclassify two promoters - Ajay Shridhar Bhagwat and Ashwini Ajay Bhagwat - from the Promoter category to the Public category. The outgoing promoters collectively held 22,46,839 shares representing 0.82% of the company's total capital (Ajay Bhagwat held 0.80% and Ashwini Bhagwat held 0.02%). The reclassification was approved on April 29, 2026, following an application submitted on February 2, 2026. This move reduces the promoter group size, likely because these individuals are no longer involved in management or control of the company.
The reduction in promoter holding by 0.82% may slightly increase available shares in the market. For retail investors, this is a neutral event as it does not involve any actual share sale or purchase, just a change in classification status.