KPIT Technologies has received requests from two promoters, Mr. Ajay Bhagwat and Ms. Ashwini Bhagwat, for reclassification from the ‘Promoter’ category to the ‘Public’ category. Together, they hold 2,24,68,839 shares, representing 0.82% of the company’s total share capital. The reclassification is subject to board and stock exchange approval.
Promoter Reclassification
KPIT Technologies announced on January 17, 2026, that it has received requests from two promoters, Mr. Ajay Bhagwat and Ms. Ashwini Bhagwat, to be reclassified from the ‘Promoter’ category to the ‘Public’ category.
Shareholding Details
The promoters requesting reclassification collectively hold 2,24,68,839 shares, which constitutes 0.82% of the company’s total share capital.
Promoter Group Holding
As of December 31, 2025, the total promoter holding before reclassification amounted to 10,80,70,260 shares, representing 39.42% of the company’s total capital. Key holdings within the promoter group include:
- Proficient Finstock LLP: 8,88,61,500 shares (32.41%)
- Kishor Parshuram Patil: 1,33,85,605 shares (4.88%)
- Ajay Shridhar Bhagwat (Outgoing Promoter): 22,03,539 shares (0.80%)
- Ashwini Ajay Bhagwat (Outgoing Promoter): 43,300 shares (0.02%)
Next Steps
The reclassification is subject to the approval of the Board of Directors of KPIT Technologies and both the BSE Limited and the National Stock Exchange of India Limited.
Source: BSE
