|₹801 / ₹126.8|
What is shareholding pattern? Who are shareholders?
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KPIT Technologies Limited ((formerly KPIT Engineering Limited) was incorporated in the year January 08, 2018. The Company provides Technology solutions in embedded software for the Automobile and Mobility Industry. As on March 31, 2019, the Company had 11 subsidiaries and 1 associate company. During the year under review, the entire pre-demerger share capital of the Company was cancelled, extinguished and annulled in terms of Clause 25 of the Composite Scheme of Arrangement amongst Birlasoft (India) Limited (Transferor Company) and KPIT Technologies Limited (Transferee Company) (renamed as Birlasoft Limited) and KPIT Engineering Limited (Company or Resulting Company) (renamed as KPIT Technologies Limited) and their respective shareholders. Further, pursuant to the said Scheme, the Company allotted 274,143,808 equity shares of Rs10/- each in the ratio of 1:1 on January 29, 2019 and thus, the issued, subscribed and paid-up capital of the Company as on March 31, 2019 is 2,741,438,080 consisting of 274,143,808 equity shares of Rs10/- each. During the year 2019, the Company incorporated subsidiaries in Singapore and USA for expanding its operations. Further, as a result of demerger, the subsidiaries of KPIT Technologies Limited (renamed as Birlasoft Limited) incorporated in Japan, UK & USA became subsidiaries of KPIT Engineering Limited (renamed as KPIT Technologies Limited). The Company received the Order from Mumbai Bench of Hon'ble National Company Law Tribunal (NCLT) for the Composite Scheme of Arrangement amongst Birlasoft (India) Limited ('Transferor Company') and KPIT Technologies Limited ('Transferee Company') (renamed as Birlasoft Limited) and KPIT Engineering Limited ('Company or Resulting Company') (renamed as KPIT Technologies Limited) and their respective shareholders on November 29, 2018.