Aurum PropTech Limited — M&A Activity 2019

Jan 2, 2019

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

+91 22 6150 1800 +91 22 2778 1320 j

Date: January 2, 2019

Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 BSE Scrip 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: Intimation of Merger of the Company's overseas Step Down Subsidiaries – Merger of Cover-All Systems Inc., USA with Majesco Software and Solutions Inc., USA

Kindly note that the Company’s overseas step down subsidiary namely Cover-All Systems Inc., USA is getting merged with another overseas step down subsidiary namely Majesco Software and Solutions Inc., USA with effect from January 1, 2019, surviving entity being Majesco Software and Solutions Inc., USA. Both these entities are wholly-owned subsidiaries of the Company’s subsidiary i.e. Majesco, USA. 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 mentioned below:

Sl.No.	Particulars	Details
a.	Name of the entities forming part of themerger, details in brief such as, size, turnoveretc.	Name: Majesco Software and Solutions Inc.Revenue: INR 30,629 Lakhs(as at March 31, 2018)Name: Cover-All Systems Inc., USARevenue: INR 16,876 Lakhs (as atMarch31,2018)
b.	Whether the transaction would fall withinrelated party transaction? If yes, whether thesame is done at “arm’s length”.	No
c.	Area of business of the entities	DevelopmentofSoftwaresolutionsforInsurance industry
d.	Rationale for merger	To achieve greater business synergy
e.	In case of cash consideration – amount orotherwise share exchange ratio	Not Applicable
f.	Brief details of change in shareholding pattern(if any) of listed entity.	No change in shareholding of MajescoLimited.

You are requested to take the above on your record.

Yours faithfully, For Majesco Limited

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Varika Rastogi Company Secretary

CIN: L72300MH2013PLC244874