Acquisitions6 May 2026, 12:48 pm
KPIT Tech: FY26 Dividend ₹5.25, Acquires Cymotive Stake
AI Summary
KPIT Technologies Ltd's board approved audited financial results for the year ended March 31, 2026, and recommended a final dividend of ₹5.25 per share. The company also announced the acquisition of a strategic stake in Cymotive Technologies LTD, an automotive cybersecurity specialist based in Israel. The acquisition aligns with KPIT's strategy to enhance its automotive cybersecurity capabilities and create AI solutions for global OEMs.
Key Highlights
- KPIT approved audited standalone and consolidated financial results for FY26.
- Recommended a final dividend of ₹5.25 per share for FY26.
- Acquired a strategic stake in Cymotive Technologies, an automotive cybersecurity firm.
- Cymotive's turnover: CY23 - $42.4M, CY24 - $32.7M, CY25 - $19.2M.
- Acquisition strengthens KPIT's automotive cybersecurity solutions for OEMs.