NSEOther Restructuring14 Jul 2026 · 14 Jul 2026, 01:01 pm

Other Restructuring

KPIT Technologies Limited · KPITTECH

✦ AI SummaryDebt Restruc.

KPIT Technologies Limited has informed the Exchange about the update on the voluntary liquidation and dissolution of its wholly owned step-down subsidiary, Somit Solutions Inc.

Analysis Scores

Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

KPIT Technologies Limited has informed the Exchange about Update on voluntary liquidation & dissolution of Somit Solutions Inc., wholly owned step-down subsidiary of KPIT Technologies (UK) Limited, wholly owned subsidiary of the Company.

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KPITTECH_14072026130117_Somit_US_Liquidation_Completion.pdf

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July 14, 2026 BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400051. Scrip ID: KPITTECH Symbol: KPITTECH Scrip Code: 542651 Series: EQ Kind Attn: The Manager, Kind Attn: The Manager, Department of Corporate Services Listing Department Dear Sir / Madam, Subject - Update on voluntary liquidation & dissolution of Somit Solutions Inc. ("Somit USA") wholly owned step-down subsidiary of KPIT Technologies (UK) Limited, wholly owned subsidiary of the Company. Ref - Disclosure of events & information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“Listing Regulations”) This is in continuation to our earlier intimation given as outcome of Board Meeting held on October 23, 2024, we wish to inform you that Somit USA, on filing Certificate of Dissolution with Licensing and Regulatory Affairs Authority, State of Michigan on March 26, 2026, and application for tax clearance on April 27, 2026, received the certificate of tax clearance issued by the State of Michigan, Department of Treasury. A copy of the tax clearance certificate and confirmation on the completion of Somit USA’s dissolution were received by the Company on July 13, 2026. Please note that the voluntary liquidation of Somit USA will not affect any business and will not have any impact on the financial reporting or operations etc. Kindly take the same on your records. Thanking you. Yours faithfully, For KPIT Technologies Limited Ashish Malhotra General Counsel & Company Secretary KPIT Technologies Limited O +91 20 6770 6000 Registered & Corporate Office: Plot No. 17, Rajiv Gandhi Infotech Park, MIDC-SEZ, E info@kpit.com Phase-III, Maan, Taluka-Mulshi, Hinjawadi, Pune-411057, India. W kpit.com CIN: L74999PN2018PLC174192