Firstsource Solutions Ltd. — Capital/Financing Update 2023

Sep 28, 2023

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28[th] September 2023

To:

National Stock Exchange of India BSE Limited (Scrip Code: 532809) Limited (Scrip Code: FSL) Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block, Mumbai - 400 001 Bandra-Kurla Complex Bandra (East), Mumbai - 400 051

Dear Madam/ Sir,

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure – Requirements) Regulations, 2015 Incorporation of a Step Down Subsidiary Company.

Pursuant to Regulation 30 of the Listing Regulations read with Part A of Schedule Ill of the Listing Regulations, we hereby inform you that Firstsource Solutions UK Limited, Wholly Owned Subsidiary (“WOS”) of the Company, has incorporated a new Wholly Owned Subsidiary in South Africa by the name of FIRSTSOURCE BPO SOUTH AFRICA (Pty) Ltd. The said step down subsidiary company was incorporated on September 27, 2023.

The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are enclosed herewith as ‘Annexure - I’

You are kindly requested to take the above on record.

Thanking you,

For Firstsource Solutions Limited

POOJA SURESH Digitally signed by POOJA NAMBIAR SURESH NAMBIAR Pooja Nambiar Company Secretary

Encl.: Annexure I

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Annexure I

Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Name of the target entity, details in brief such as size, turnover etc.; 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? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” Industry to which the entity being acquired belongs Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); Brief details of any governmental or regulatory approvals required for the acquisition; Indicative time period for completion of the acquisition;	Name: FIRSTSOURCE BPO SOUTH AFRICA (Pty) Ltd. Authorised Capital : 1,000,000 shares Turnover : Nil (Yet to Commence Business Operations)	Name: FIRSTSOURCE BPO SOUTH AFRICA (Pty) Ltd. Authorised Capital : 1,000,000 shares Turnover : Nil (Yet to Commence Business Operations)
	The Step-down Subsidiary will be a related party of the Company and other subsidiaries.
	Information Technology (BPO)
	The object of incorporation of this Step Down Subsidiary is to expand BPO business in South Africa.
	Not Applicable
	Not Applicable
Nature of consideration -whether cash consideration or share swap and details ofthe same;	Authorised Capital : 1,000,000 shares
Cost of acquisition or the price at whichthe sharesareacquired;	The contribution to initial share capital will be madeatfacevalue
Percentage of shareholding / control acquired and / or number of shares acquired;	100 %
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 and any other significant information(inbrief);	This is a newly incorporated Company and therefore history of last 3 years turnover is not available

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