Dynacons Systems & Solutions Ltd. — Capital/Financing Update 2021

Dec 27, 2021

DYNACONS EMPOWER SOLUTIONS THAT
Date:27.12.2021
To, BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Fort, Mumbai-400001, Maharashtra. Security code: 532365	To, National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra 400051. Symbol: DSSL

Sub: Press Release

Dear Sir/Madam,

Please find enclosed herewith announcement titled "Dynacons wins Managed Services Order for IT Security Solutions from Punjab National Bank."

This is for your information and records.

Thanking You,

Yours faithfully, For Dynacons System

a s MAW Ravishankar Sing

Dynacons Systems & Solutions Limited CIN NO : L72200MH1995PLC093130 Certified SO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMM! Maturity Level 3

Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056. Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057. 'Mit +91-22-66889900 | I +91-22-26716641 | @ www.dynacons.com | H@ sales@dynacons.com | 1860-123-4444

Dynacons wins Managed Services Order for IT security Solutions from Punjab National Bank

Mumbai, India, December 27, 2021

We are happy to announce that; Dynacons Systems & Solutions Ltd has won the prestigious order worth Rs. 57.04 crores from Punjab National Bank for IT Security Solutions related to Endpoints. Dynacons has won this bid with stiff competition from industry known vendors.

Punjab National Bank (PNB) has implemented a Centralized Banking Appliance (CBS) with Data Centre at New Delhi and Disaster Recovery Site at Mumbai. The centralized Banking Appliance covers all the 7000 plus SOLs (Service Outlets), which are connected to the Data Centre and DRS through an Enterprise Wide Network which is a two tier meshed architecture. Bank has also implemented Security Operation Centre (SOC) and integrated the servers / devices for log analysis and monitoring of servers / devices installed across the Bank network. Bank has implemented Enterprise Data Ware House Project to provide better access to information, to foster better and more informed decision-making, besides providing statutory reporting and MIS for the Bank.

The Bank's objective is to select a vendor for support services of security solutions at endpoints related to AD/DM/AV/ATP solutions for the Amalgamated Entity (i.e. entity after amalgamation of Punjab National Bank, Oriental Bank of Commerce and United Bank of India. The Solution includes onsite deployment of highly skilled Resources at Data Centre / DR and their PAN India branches. The contract period is for 5 Years and may be further extended on mutual understanding.

Commenting on the development, Parag Dalal, Executive Director of the Company said, "The order is a testimony to the technology expertise and readiness of skillsets. This is a significant win and demonstrates the capability of the Company to deliver and implement large scale IT projects for the BFSI sector. Our journey is to continue to provide innovative technologies that allow our customers to take control of their security outcomes. Our focus is on enabling organizations to be security first"

About Dynacons

Dynacons Systems & Solutions Ltd. is a 25 years old IT company with global perspectives with its headquarters at Mumbai and branches all over India. The Company has a large pool of technical resources who are present at more than 250 locations across India.

The Company has all the Industry leading certifications such as CMMI Level 3, ISO 9001, ISO 20000, ISO 27000 among others.

Dynacons undertakes all activities related to IT infrastructure including infrastructure design and consulting services, turnkey systems integration and set up of large Network and Data Centre infrastructures including supply of associated equipment and software; Hyper Converged Infrastructure (HCI) solutions, Setup of Private and Public Cloud, Software Defined Network (SD WAN) and Software Defined Storage (SDS) solutions, Network Infrastructure design and setup for ISPs, VDI Solutions, onsite and remote facilities management of multi- location infrastructure of domestic clients. The Company has built a strong customer base, variety of talent and a competent service delivery infrastructure.

Dynacons provides all service models such as IaaS (Infrastructure as a Service), PaaS (Platform as a Service) and Saas (Software as a Service). Dynacons' Enterprise Services offerings include a wide spectrum of Enterprise IT Services including Infrastructure Managed Services, Breakfix Services, Managed Print Services, Cloud Computing, Systems Integration Services, and Applications Development and Maintenance. The Company provides end-to-end technology and technology related services to corporations across industry verticals. The Company has deep domain knowledge across industry sectors and technology expertise across traditional and new age technologies.

For more information please call +91-22-71889900 or visit us on www.dynacons.com. Find Dynacons on Facebook and LinkedIn

| Disclaimer: Certain statements in this document that are not historical facts are forward looking statements, Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances