Adroit Infotech Limited — Capital/Financing Update 2023

Feb 28, 2023

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February 28, 2023

To,Listing Department, THE NATIONAL STOCK EXCHANGE LIMITED,Exchange Plaza, BandraKurla Complex,Bandra (East), Mumbai: 400051Tel: 022-26598235/36/452Fax: 022-26598237/38Email: cmlist@nse.co.inScrip Code: ADROITINFO	To,Listing Operations Department, BSE Limited,J. Towers, Dalal Street,Mumbai – 400 001 BSE Scrip Code: 532172

Subject: Outcome of Board Meeting

Dear Sir/Madam,

This is to inform you, the Board of Directors of the Company at their Board Meeting held on Tuesday, 28[th] Day of February, 2023 at 05.00 P.M. at the registered office of the Company situated at Plot No. 7A, Road No. 12, MLA Colony, Banjara Hills, Hyderabad, Telangana, 500034, inter alia transacted the following businesses:

1. Approved the increase in Authorized Share Capital of the Company from Rs. 39,41,50,000/(Rupees Thirty-Nine Crores Forty-One Lacs Fifty Thousand Only) divided into 3,94,15,000 (Three Crores Ninety-Four Lacs Fifteen Thousand) Equity Shares of Rs.10/- (Rupees Ten Only) each to Rs. 65,00,00,000/- (Rupees Sixty-Five Crores Only) divided into 6,50,00,000 (Six Crores Fifty Lacs) Equity Shares of Rs. 10/- (Rupees Ten Only) each and consequent amendment to the Memorandum of Association (MOA) of the Company, subject to the approval of Shareholders;

2. Considered and approved the introduction of Employee Stock Option Scheme titled as “Adroit ESOP Plan-2023” (“ESOP 2023”), to create and grant options not exceeding 50,00,000 (Fifty Lakhs) stock options, each convertible into 1 (One) equity shares of the Company having face value of Rs. 10/- (Rupee Ten Only) per equity share, subject to approval of members of the Company in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015.

3. Approved the Notice of the Extra Ordinary General Meeting of the Company proposed to be convened on Wednesday, the 29[th] day of March, 2023 at 9 A.M. through VC/OAVM for availing approval for Increase in Authorized Share Capital and consequent alteration of Capital Clause of MOA of the Company and Adroit ESOP Plan -2023. Accordingly, record date for E-voting is on Wednesday the 22[nd] day of March, 2023.

4. Approved the Appointment of Mr. Manoj Kumar Koyalkar, Practicing Company Secretary, (Membership Number 9298), M&K Associates, Company Secretaries, as scrutinizer to conduct the e-voting in true and fair manner.

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The above decision of Board of Directors is subject to the approval of shareholders, Stock Exchanges and any other necessary regulatory authorities. Notice of the Extra Ordinary General Meeting shall be sent shortly to the members.

The Board meeting was started at 05:00 P.M. and concluded at 07:00 P.M.

Further, in accordance with the Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and Company’s Code for prevention of Insider Trading, the “Trading Window” for trading in the shares of the Company shall continue to remain closed upto 48 hours of the close of meeting for all the designated persons covered under the Code of the Company.

You are requested to kindly take the same on record and inform all those concerned accordingly.

Thanking You,

For Adroit Infotech Limited

Digitally signed by SUDHA SUDHA KIRAN KIRAN REDDY SUNKERNENI REDDY SUNKERNENI Date: 2023.02.28 19:03:30 +05'30'

Sudhakiran Reddy S Managing Director DIN: 01436242

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