Computer Age Management Services Limited — Capital/Financing Update 2023

Mar 5, 2023

==> picture [566 x 81] intentionally omitted <==

March 5, 2023

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001 **Scrip Code: 543232 **	National Stock Exchange of India Limited Exchange Plaza, 5th floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Trading Symbol:CAMS

Dear Sir / Madam,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”)

This is to inform you that Computer Age Management Services Limited (“CAMS” or “the Company”) has entered into definitive agreements with the founders of Think Analytics India Private Limited (“TAIPL”) and with TAIPL to make a strategic investment in TAIPL by way of a secondary acquisition amounting to 55.42% of the total paid-up share capital subject to the conditions set out in the definitive agreements referred above (“Transaction”).

The Transaction is proposed to be completed before April 10, 2023. Post completion, TAIPL shall become a subsidiary of the Company. Think Analytics Consultancy Services Private Limited and Think360 AI, Inc. subsidiaries of TAIPL will become step down subsidiaries of the Company.

The Company will also be entitled to acquiring the remaining shares in phases in accordance with the terms stipulated in the definitive agreements. The details required under Regulation 30 of SEBI LODR Regulations read with the SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, are enclosed as Annexure.

This communication will also be available on the Company's website at the below mentioned link:

https://www.camsonline.com/about-cams/shareholder-relations/stock-exchange-intimation

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,

For Computer Age Management Services Limited

Digitally signed by Manikandan Manikandan GopalakrishnanDN: cn=Manikandan Gopalakrishnan c=IN o=Personal Gopalakrishnan Reason: I am approving this documentLocation: Date: 2023-03-05 13:41+05:30

G Manikandan Company Secretary and Compliance Officer

==> picture [565 x 94] intentionally omitted <==

Annexure

==> picture [566 x 81] intentionally omitted <==

Disclosure under sub-para (1) [i.e., Acquisition(s) (including agreement to acquire)] of Para (A) of Part (A) of Schedule III to the Regulation 30 SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

S. No.	Particulars		Details
a.	Name and details of the target entity	:	Think Analytics India Private Limited (TAIPL), a company registered under the Companies Act, 1956 in India
b.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired	:	The acquisition does not fall within related party transactions. The promoter/ promoter group have no interest in TAIPL.
c.	Industry to which the entity being acquired belongs	:	Fintech
d.	Objects and effects of acquisition	:	With AI, Analytics and data led technologies becoming mainstream to solve problems, transform and grow businesses, CAMS found investing into Think Analytics as a good opportunity that will assist CAMS in building overall market reach and drive innovation. The product and solution suite of Think Analytics is a great fit to the Account Aggregator offerings of CAMS which will help the company to solidify position as a digital public infrastructure. The acquisition will further drive CAMS’s vision of providing technologically superior products in the rapidly growing BFSI and capital markets space.

==> picture [565 x 94] intentionally omitted <==

==> picture [566 x 81] intentionally omitted <==

e.	Brief details of any governmental or regulatory approvals required for the acquisition	:	None
f.	Indicative time for completion of the transaction	:	The transaction is expected to be completed by April 10, 2023.
g.	Nature of consideration (cash consideration or share swap and details of the same)	:	All cash
h.	Cost of acquisition or the price at which the shares are acquired	:	Acquisition of the shares of TAIPL will be done at a mutually agreed pre-money enterprise valuation. The said pre-money enterprise valuation has not been disclosed herein due to reasons of confidentiality.
i.	Percentage of shareholding / control acquired and / or number of shares acquired	:	55.42% of the existing paid-up equity shares by acquisition from existing shareholders of TAIPL.
j.	Brief background about the entity acquired in terms of products / line of business acquired, date of incorporation, history of last 3 years turnover, Country in which the acquired entity has presence	:	TAIPL, founded in 2013 offers Software as a Service (SaaS) based products and data science services to its customers in India and abroad and is in the process of launching analytical solutions suitable for use with the Account Aggregator framework. The products of TAIPL viz. Algo360, FlowXpert, KwikID, AAmaze primarily caters to customers in the BFSI segment and has expanded to serving pharma, consulting, technology, energy and oil & gas industry as well. TAIPL has two subsidiaries viz. Think Analytics Consultancy Services Pvt. Ltd. based in India and Think 360 AI, Inc. based in Ohio, USA. Details of consolidated Turnover: Year Approx. Revenue (In Rs. lacs) FY 2022 – 2023 up to December 2022 (Unaudited) 2351 FY 2021–2022 (Audited) 3087 FY 2020– 2021(Audited) 2002

==> picture [565 x 94] intentionally omitted <==