Aurum PropTech Limited — Board/Management Information 2021

May 4, 2021

Majesco Limited Regd. Off.: MNDC, MBP-P-136, Mahape, Navi Mumbai – 400 710, India +91-22-61501800 +91-22-27781320 www.majescoltd.in

Date: May 4, 2021

Listing Department BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai – 400 001.

BSE Script Code: 539289

Listing Department

National Stock Exchange of India Limited Bandra Kurla Complex Bandra East Mumbai – 400 051.

NSE Symbol: MAJESCO

Dear Sir/ Madam,

Sub.: Outcome of the Board Meeting held on May 4, 2021

Kindly note that the Board of Directors of Majesco Limited ("the Company") at its meeting held today i.e. May 4, 2021, has inter alia, transacted following businesses:

a) Appointment of Mr. Onkar Shetye as an Additional Executive Director (Key Managerial Personnel) of the Company

Kindly note that pursuant to (i) the Share Purchase Agreement executed between the existing promoters and Aurum Platz IT Private Limited (‘Acquirer’) for acquisition of promoter stake and control of the Company, (ii) Public Announcement dated March 21, 2021 and further filings in respect of Open Offer and (iii) Notice of Appointment by Acquirer dated April 26, 2021, the Board of Directors of the Company, has appointed Mr. Onkar Shetye (DIN: 06372831) as an Additional Executive Director (Key Managerial Personnel) of the Company with effect from May 4, 2021.

b) Appointment of Mr. Srirang Athalye as an Additional Non-executive Non-Independent Director of the Company

Kindly note that pursuant to (i) the Share Purchase Agreement executed between the existing promoters and Aurum Platz IT Private Limited (‘Acquirer’) for acquisition of promoter stake and control of the Company, (ii) Public Announcement dated March 21, 2021 and further filings in respect of Open Offer and (iii) Notice of Appointment by Acquirer dated April 26, 2021, the Board of Directors of the Company, has appointed Mr. Srirang Athalye (DIN: 02546964) as an Additional Non-executive Non-Independent Director of the Company with effect from May 4, 2021.

Relevant details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/ CFD/ CMD/ 4/ 2015, dated September 9, 2015, are enclosed as Annexure A.

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CIN: L72300MH2013PLC244874

Majesco Limited Regd. Off.: MNDC, MBP-P-136, Mahape, Navi Mumbai – 400 710, India +91-22-61501800 +91-22-27781320

www.majescoltd.in

c) Resignation of Mr. Farid Kazani as Managing Director (Key Managerial Personnel) of the Company

Kindly note that Mr. Farid Kazani (DIN: 06914620), Managing Director (Key Managerial Personnel) of the Company, has resigned with effect from close of business hours of May 4, 2021.

d) Resignation of Mr. Radhakrishnan Sundar as Executive Director of the Company

Kindly note that Mr. Radhakrishnan Sundar (DIN: 00533952), Executive Director of the Company, has resigned with effect from close of business hours of May 4, 2021, due to the terms of Share Purchase Agreement signed with Aurum Platz IT Private Limited on March 21, 2021 in relation to acquisition of promoter shareholding in the Company.

e) Resignation of Mr. Ashank Desai as Non executive Director of the Company

Kindly note that Mr. Ashank Desai (DIN: 00017767), Non-executive Director of the Company, has resigned with effect from close of business hours of May 4, 2021, due to the terms of Share Purchase Agreement signed with Aurum Platz IT Private Limited on March 21, 2021 in relation to acquisition of promoter shareholding in the Company.

The Board meeting started at 7:00 P.M. and concluded at 8:00 P.M.

You are requested to take the above on record.

Thanking you.

Yours faithfully, For Majesco Limited

VARIKA Digitally signed by VARIKA RASTOGI RASTOGI Date: 2021.05.04 20:19:14 +05'30' Varika Rastogi Company Secretary

End: As above

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CIN: L72300MH2013PLC244874

Majesco Limited Regd. Off.: MNDC, MBP-P-136, Mahape, Navi Mumbai – 400 710, India +91-22-61501800 +91-22-27781320 www.majescoltd.in

Annexure A

Ann	exure A
1.	Reasonforchange	Appointment of Mr. Onkar Shetye as anAdditional Executive Director (Key ManagerialPersonnel)	Appointment of Mr. Srirang Athalye as anAdditionalNon-executiveNon-Independent Director
2.	Date ofAppointment& Term ofappointment	From May 4, 2021 to May 3, 2024, subject toapproval by the shareholders of the Companyat ensuing Annual General Meeting	May 4, 2021
3.	Brief Profile	Mr. Onkar Shetye has a Bachelor’s degree inScience from University of Mumbai and aMaster’s degree in Renewable Energy,Enterprise and Management from UK.He has 15 years of multisectoral experienceand has driven strategic and transformationalinitiatives at multiple organizations acrossindustries like Energy, Real Estate, MineralExploration and Information Technology. Hehas worked with diverse teams across India,Europe and Africa.He brings a large toolbox to the table andworks with teams to validate, catalyze andscale new ventures by refining competitivedynamics, honing their business plans andrefining go to market strategies. In presentrole, he has worked on various functionalareas like Strategy, Operations, RevenueManagement and Business Development. Hehas successfully managed multifunctionalteams reporting to him and done ProjectManagementforOnTimeinTimeimplementation. He has been part of AurumVentures Group since 2012.	Mr. Srirang Athalye is an alumnus ofSomaiya Institute of Management Studiesand Research, Mumbai for Masters inManagementStudiesspecialisinginFinance from University of Mumbai, andand has been associated with the AurumVentures Group since February 2001.He has over 32 years of Entrepreneurial,Industry & Consulting experience invariousCorporates,start-upsandM&A activities globally.He was also a key member for commerciallaunch of first GSM operations outsideMetrosafterwhichhetooktheentrepreneurial plungeas afoundingpartner of an ISP Company. He also hasbeen a CFO of listed Co on BSE in thepast. He has proven track record inmanaging new technologies and raisingcapital.He was a Chief Strategy Officer andFounder Director of ReNew Power duringits incubation by Aurum Ventures. He ispassionate about Innovation and believesin contrarian approach of thinking “insidethe box” utilizing Systematic InventiveThinking (SIT) Techniques and is also intrained for Creative Problem Solving(CPS).
4.	Disclosure ofRelationshipbetweenDirectors	None	None

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CIN: L72300MH2013PLC244874