KPIT Tech Responds to IiAS on Director Reappointment

KPIT Technologies Limited has issued a clarification regarding the voting recommendation from proxy advisor IiAS concerning the reappointment of Mr. Chinmay Pandit as Whole-time Director. While IiAS supports the reappointment, it recommended voting against it due to perceived insufficient clarity on Mr. Pandit's remuneration post-July 2027. KPIT asserts that the AGM notice's Explanatory Statement adequately details his remuneration, including a fixed compensation of INR 23 million per annum with a 15% annual increment cap and a cash bonus cap of INR 10 million. The company also clarified that if Mr. Pandit is deputed abroad, his remuneration may increase by up to 10% from a base of INR 57 million, always remaining below SEBI-prescribed limits. The AGM is scheduled for August 31, 2026.