This disclosure, made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides an update on the completion of the voluntary liquidation and dissolution process of Somit Solutions Inc., a wholly-owned step-down subsidiary.
The dissolution process involved two key filings with the Licensing and Regulatory Affairs Authority, State of Michigan:
- Certificate of Dissolution filed on March 26, 2026
- Application for tax clearance filed on April 27, 2026
The State of Michigan, Department of Treasury issued the certificate of tax clearance, finalizing the dissolution process. The company received both the tax clearance certificate and confirmation of dissolution completion on July 13, 2026.
This disclosure is a continuation of the earlier intimation provided following the Board Meeting outcome dated October 23, 2024.
The company explicitly states that the voluntary liquidation of Somit USA "will not affect any business and will not have any impact on the financial reporting or operations etc."
The communication was signed by Ashish Malhotra, General Counsel & Company Secretary of KPIT Technologies Limited, on July 14, 2026, at 12:55:52 IST.