KPIT Technologies approves strike-off of step-down subsidiary

KPIT Technologies Limited's Board of Directors has approved the strike-off of its wholly-owned step-down subsidiary, Somit Solutions Limited, in the UK. This move aims to reduce compliance and administrative costs without impacting business operations or financial reporting. The Board also approved the incorporation of a new wholly-owned subsidiary in Vietnam to support business growth, appointed an Independent Director to the board of its material subsidiary KPIT US, and approved an increase in the factoring facility for KPIT UK. Additionally, the Board reviewed the un-audited consolidated and standalone financial results for the quarter and half-year ended September 30, 2026.