Aurum PropTech Limited — Capital/Financing Update 2019

Feb 7, 2019

+91 22 6150 1800 +91 22 2778 1320 www.majesco.com

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Majesco Ltd. Regd. Off.: MNDC, MBP‐P‐136, Mahape, Navi Mumbai – 400 710, India

Date: February 7, 2019

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 Exchange Plaza, C-1, Block G, Bandra Kurla Complex Bandra East, Mumbai – 400 051

NSE Symbol: MAJESCO

Dear Sir/ Madam,

Sub: Statement of Utilization of Qualified Institutional Placement proceeds

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby certify and confirm that there has been no deviation in the use of Qualified Institutional Placement (“QIP”) proceeds from the objects stated in the Placement Document dated January 29, 2018.

Please find below statement of utilization of QIP proceeds as on December 31, 2018:

Particulars	Amount(Rs. in crore)
Gross proceeds of QIP Issue	231.08
Less: Issue Expenses	5.81
Net proceeds of QIP Issue (as mentioned in Placement Document)	225.27
Less: Amount utilized for the purpose received	NIL
Balance Amount	225.27
-Temporarily invested in Fixed Deposits with the Bank(s)/ FinancialInstitution(s)	25.01
-Temporarily invested in Mutual Funds	200.26
-Lying in the Current Account with the Bank(s)/ Financial Institution(s)	NIL

The above statement has been placed before the meeting of the Audit Committee held today i.e. February 7, 2019. The Audit Committee approved the same and reviewed that there has been no deviation in the use of QIP proceeds from the objects stated in the Placement Document dated January 29, 2018.

Thanking you.

Yours faithfully

For Majesco Limited

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Varika Rastogi Company Secretary

CIN: L72300MH2013PLC244874