KPIT Technologies has successfully reclassified two of its promoters, Ajay Shridhar Bhagwat and Ashwini Ajay Bhagwat, from the ‘Promoter’ category to the ‘Public’ category. This transition follows approvals received from both the NSE and BSE on April 29, 2026. The outgoing promoters collectively hold 22,46,839 shares, representing 0.82% of the company’s total equity capital, marking a significant shift in the company’s shareholding structure.
Shareholding Realignment Details
Following a request initiated by the company on February 2, 2026, KPIT Technologies has received formal clearance from major stock exchanges to reclassify two key individuals. Ajay Shridhar Bhagwat, who held 22,03,539 shares, and Ashwini Ajay Bhagwat, who held 43,300 shares (jointly held), have officially moved out of the promoter group status.
Impact on Promoter Classification
The total volume of shares transferred to the public category accounts for 0.82% of the company’s total paid-up capital. This strategic reclassification reflects the evolving ownership dynamics within KPIT Technologies. All necessary regulatory procedures and exchange approvals were finalized as of April 29, 2026, confirming that these individuals are now recognized as public shareholders moving forward.
Source: BSE
