Info Edge(India) Ltd. — Capital/Financing Update 2022

Mar 31, 2022

Date: March 31, 2022

1. The Manager- Listing National Stock Exchange of India Limited

(Scrip Code: NAUKRI)

2. The Manager- Listing BSE Limited (Scrip Code: 532777)

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

Dear Sir/Madam ,

This is to inform you that Allcheckdeals India Pvt. Ltd.(“ACD”), a wholly owned subsidiary of the Company has invested an amount of Rs. 50 Lacs in its wholly owned subsidiary-NewInc Internet Services Pvt. Ltd, step down subsidiary of the Company. The details of the transaction are given as under:

Sl. No.	Particulars	Details
1.	Name of the target entity, details in brief such as size, turnover etc.	NewInc Internet Services Pvt. Ltd. (“NewInc”) Registered Office Address:Ground Floor, 12A 94, Meghdoot, Nehru Place Delhi- 110019 Turnover(As on 31.03.2021): Nil
2.	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”	ACD is a wholly owned subsidiary of the Company and NewInc is a wholly owned subsidiary of ACD. Accordingly, NewInc is wholly owned step down subsidiary of the Company and hence falls in the category of a related party as on the date of making this investment. Promoters of the Company have no interest in the said investment. The transaction is done at Arm’s Length basis.
3.	Industry to which the entity being acquired belongs	NewInc is engaged in the business of providing all kinds and types of internet, computer and electronics dataprocessingservices.
4.	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.	The said investment is done to meet working capital requirement of the NewInc.

	5.	Brief details of any governmental	Brief details of any governmental	or regulatory	Not Applicable.	Not Applicable.
		approvals required for the acquisition.
	6.	Indicative time period for	completion of		Immediate
		acquisition
	7.	Nature of Consideration-	whether cash		Cash Consideration
		consideration or share swap and		details of the
		same.
	8.	Cost of acquisition or the price		at which the	Rs. 50 Lacs
		shares are acquired.
	9.	Percentage of shareholding/control acquired			ACD has agreed to acquire 50,000 -0.0001%
		and/ or number of shares acquired.			Compulsorily Convertible Debentures (“CCDs”)
					having face value of Rs. 100/-			each. Post this
					investment, NewInc remains the step down wholly-
					owned subsidiaryof the Company.
	10.	Brief background about the entity acquired in			NewInc was incorporated on December 27, 2016 and
		terms of products/line of business acquired, date			engaged in the business of providing all kinds and
		of incorporation, history of last 3 years turnover,			types of internet,		computer and	electronics data
		country in which the acquired entity has			processing services.
		presence and any other significant information
		(in brief).			Last threeyears turnover:(Rs.)
						2020-2021	2019-2020	2018-2019
						Nil	Nil	Nil
	his is for your information and records.
	hanking	You.
	ours faithfully,
	orInfo	Edge (India) Ltd.
	hintan	Thakkar
	hole-ti	me Director & CFO

This is for your information and records.

Thanking You.

Yours faithfully, For Info Edge (India) Ltd. Chintan Thakkar Whole-time Director & CFO