KPIT Cummins Infosystems EGM

Kpit Cummins Infosystems Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 16, 2007, inter alia, to transact the following business:

1. Accorded to Mrs. Jayada Chinmay Pandit, a relative of Mr. S B (Ravi) Pandit, Chairman and Group CEO of the Company, to hold and continue to hold an office or place of profit as Senior Executive, or such other post as she may be promoted hereafter, in KPIT Infosystems Inc., USA (KPIT US), a wholly owned subsidiary of the Company with effect from July 07, 2007, on remuneration, terms & conditions.

2. Accorded to Mr. Chinmay Shashishekhar Pandit, a relative of Mr. S B (Ravi) Pandit, Chairman and Group CEO of the Company, to hold and continue to hold an office or place of profit as Account Manager, or such other post as he may promoted hereafter, in KPIT Infosystems Inc., USA (KPIT US), a wholly owned subsidiary of the Company with effect from July 16, 2007, on remuneration, terms & conditions.

3. To offer, issue and allot, in accordance with applicable guidelines / regulations, as may be permissible in law, now or at any time hereafter, on a preferential basis, upto 1,631,747 equity shares, at the price of Rs 130.09 each (calculated as per SEBI Guidelines on the basis of relevant date being "October 17, 2007"), as the Board at its sole discretion may at any time or times hereafter decide, which when issued or allotted would ultimately result in an increase in the paid up equity share capital of the Company by an amount not exceeding Rs 3,263,494 excluding premium, to the Cummins Inc., USA ("Investor") at such time and in one or more tranches, and on such terms and conditions, as may be deemed appropriate by the Board, subject to necessary provisions & approvals.