KPIT Technologies Limited has informed the Exchange regarding Notice of Postal Ballot.
KPITTECH · price
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KPIT Technologies has issued a postal ballot notice seeking shareholder approval through a Special Resolution to authorize its Board to make investments, give loans, provide guarantees and security exceeding the standard limits under Section 186 of the Companies Act, 2013. The proposed cap is INR 3,000 Crores, to be deployed over a three-year period. The company has flagged the acquisition of Caresoft's global engineering business as one of the intended uses, alongside funding for wholly-owned subsidiaries. The Board noted that KPIT has a 28.2% three-year CAGR, no long-term borrowings on a consolidated basis, and that all prior acquisitions have been EPS accretive funded via internal accruals. E-voting commences on May 15, 2025 (9:00 AM IST) and ends on June 13, 2025 (5:00 PM IST), with the cut-off date set at May 9, 2025.
This is a routine but important enabling resolution — shareholders must approve it with a 75% special majority for the Board to retain flexibility for future M&A and funding of subsidiaries. Approval would allow KPIT to act swiftly on inorganic growth opportunities, including the Caresoft acquisition, without repeatedly seeking fresh shareholder consent.