Aurionpro Solutions Ltd. — Capital/Financing Update 2021

Oct 25, 2021

23[rd] October,2021

To, Deptt. Of Corporate Services- Listing National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (East) Mumbai – 400051

Sub: Press release titled “Aurionpro signs agreement to increase stake in SC Soft to 80%” dated 19[th] and 20[th] October,2021”.

Dear Sir/Madam,

In continuation of our Press release titled “Aurionpro signs agreement to increase stake in SC Soft to 80%” dated 19[th] and 20[th] October,2021, below are the additional details as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Disclosure of events as per Regulation 30 (2) read with Part A of Part A of Schedule III

a)	Name of the target entity, details inbrief such as size, turnover etc.	SCSoftPTELTD(“SCSoft”)isaSingaporeheadquartered company incorporated under the laws ofSingapore having its Registered Office at 438B AlexandraRoad,#01-08,Alexandra Technopark, Singapore -119968SC Soft was founded in 2009. SC Soft has its offices inCanada and Malaysia and has a team of more thanhundred people and has it is own R&D center and with aconsolidated turnover of 1446.83 Million as on 31stMarch 2021.
b)	Whether the acquisition would fallwithin related party transaction(s)and whether the promoter/ promotergroup/ group companies have anyinterest in the entity being acquired?If yes, nature of interest and detailsthereof and whether the same is doneat “arms length”	The proposed acquisition does not fall within the relatedparty transactions and none of the promoter/ promotergroup/ group companies have any interest in the entitybeing acquired.
c)	Industry to which the entity beingacquired belongs	Information Technology (Automated Fare CollectionSystem, based on open loop technology)
d)	Objects and effects of acquisition(includingbutnotlimitedto,disclosure of reasons for acquisitionof target entity, if its business isoutside the main line of business ofthe listed entity)	This acquisition is pursuant to the right available totheAurionproundertheSubscriptionandShareholders’ Agreement signed for acquisition of51% stake in 2018. SC Soft is looking at rapidexpansion of business with multiple deal wins and isexpected to be the growth engine for the future.Accordingly, Aurionpro has decided to increase itsstake in it to 80% in a phased manner upto 31stDecember 2022.
e)	Brief details of any governmental orregulatory approvals required for theacquisition	No governmental or prior regulatory approvals arerequired for the acquisition.
f)	Indicative time period for completionof the acquisition	Further acquisition of 29% of Equity Shares Capital of SCSoft will be completed in various tranches upto December2022.

Phone +91 22 4040 7070 investor@aurionpro.com Fax +91 22 4040 7080 www.aurionpro.com CIN: L99999MH1997PLC111637

Aurionpro Solutions Limited

Synergia IT Park, Plot No. R-270 T.T.C. Industrial Estate, Gautam Nagar, Near Rabale Police Station, Rabale,Navi Mumbai 400701. MH-India.

g)	Nature of consideration - whethercash consideration or share swap anddetails of the same		Cash Consideration	Cash Consideration
h)	Cost of acquisition or the price atwhich the shares are acquired		USD 2.95 Million towards acquisition of further 29% stakein SC Soft
i)	Percentage of shareholding / controlacquired and / or number of sharesacquired		Currently Company holds 51% (17,70,000 shares) stakein SC Soft through it’s wholly owned subsidiary AurionproSolutions Pte Ltd. further acquisition will be of 29% stakein various tranches.
j)	Brief background about the entityacquired in terms of products/line ofbusinessacquired,dateofincorporation, history of last 3 yearsturnover,countryinwhichtheacquired entity has presence and anyother significant information (in brief)		SC Soft was founded in 2009 and is head quartered inSingapore. It has the product range on hardware andsoftware for mobility industry based on the open looptechnology. It has successfully implemented AutomatedFare Collection Systems (AFCS) in the select markets forvarious mass transport systems across Asia, Russia,Mexico. SC Soft is having its offices in Canada,IndiaandMalaysia and has a team of more than hundred peoplehaving it is own R&D center. SC Soft has proprietary frontend hardware and software components required for theAFC and payment solution for the industry. SC Soft hasalso formed partnerships and alliances in various marketsand has active participation in OSPT alliance for masspublic transportation.The details of Turnover for last 3 years:Financial Year endedonAmount in Lakhs31stMarch 20211446.8331stMarch 2020482.4431stMarch 20194854.33
			Financial Year endedon	Amount in Lakhs
			31stMarch 2021	1446.83
			31stMarch 2020	482.44
			31stMarch 2019	4854.33

For Aurionpro Solutions Ltd

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Ninad Kelkar Company Secretary

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Phone +91 22 4040 7070 investor@aurionpro.com Fax +91 22 4040 7080 www.aurionpro.com CIN: L99999MH1997PLC111637

Aurionpro Solutions Limited

Synergia IT Park, Plot No. R-270 T.T.C. Industrial Estate, Gautam Nagar, Near Rabale Police Station, Rabale,Navi Mumbai 400701. MH-India.