KFin Technologies Limited — Capital/Financing Update 2024

Jul 2, 2024

CS&G/STX/SQ2024/01

==> picture [596 x 44] intentionally omitted <==

July 02, 2024

1) National Stock Exchange of India Limited

• 2) BSE Limited

Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Scrip Symbol: KFINTECH Scrip Code: 543720

Sub. : Intimation of disinvestment in Fintech Products and Solutions (India) Private Limited

• Ref. : Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”)

Dear Sir / Madam,

This is further to our previous intimations bearing reference nos. CS&G/STX/MQ2023/15 dated February 24, 2023, CS&G/STX/MQ2023/21 dated March 23, 2023, CS&G/STX/SQ2023/16 dated August 04, 2023 and CS&G/STX/MQ2024/01 dated January 01, 2024.

Pursuant to Regulation 30 and other applicable provisions of the LODR Regulations, this is to inform that, pursuant to the approval of the Board of Directors of KFin Technologies Limited (“ Company ”) today i.e., July 02, 2024, the Company has entered into definitive agreements with respect to the disinvestment by the Company of the entire stake of 20.95% of the total issued and paid-up share capital of Fintech Products and Solutions (India) Private Limited (“ FPSIPL ”) held by the Company in FPSIPL (“ Transaction ”). The Transaction is subject to customary closing conditions.

Details as required to be disclosed as per the LODR Regulations read with SEBI’s Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and Circular No. SEBI/HO/CFD/ CFDPoD1/P/CIR/2023/123 dated July 13, 2023, are enclosed herewith as Annexure – A .

Details as per BSE’s Circular No. 20230714-34 dated July 14, 2023, and NSE’s Circular No. NSE/ CML/2023/57 dated July 14, 2023, are as under:

CML/2023/57 dated July 14, 2023, are as under:
Date of occurrence of event / information	July 02, 2024
Time of occurrence of event / information	04:38 p.m.

This is for your information and records.

Thanking you,

Yours faithfully,

For KFin Technologies Limited

Digitally signed by ALPANA UTTAM KUNDU Date: 2024.07.02 16:53:10 +05'30'

Alpana Kundu

Company Secretary and Compliance Officer

ICSI Membership No.: F10191

Encl.: a/a

CIN: L72400TG2017PLC117649

compliance.corp@kfintech.com

Annexure – A

==> picture [596 x 44] intentionally omitted <==

Details as required to be disclosed as per the LODR Regulations read with SEBI’s Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and Circular No. SEBI/HO/CFD/ CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Sr. No.	Particulars	Details
01	The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate Company of the listed entity during the last financial year	a) For F.Y. 23-24, the Company has absorbed a loss of INR 24.08 million on account of FPSIPL which is (0.74%) of the Company’s profit before tax. b) Net worth contributed by FPSIPL is -0.002% because of the losses.
02	Date on which the agreement for sale has been entered into	July 02, 2024
03	The expected date of completion of sale / disposal	July 02, 2024
04	Consideration received from such sale / disposal	Sale consideration is an aggregate amount of INR 6,50,00,013 (Indian Rupees Six Crore Fifty Lakh and Thirteen Rupees only).
05	Brief details of buyers and whether any of the buyers belong to the promoter / promoter group / group Companies. If yes, details thereof	PHONE2VOTE India Private Limited, a Company registered under the Indian Companies Act 1956, bearing CIN U93092AP2012PTC085151 and having its registered office at 10-2-289/71 Krishna Doyen #501, Shantinagar, Hyderabad 500028. The buyer does not belong to the promoter / promoter group / group Companies of the Company.
06	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”	This transaction does not constitute a related party transaction.
07	Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with Regulation 37A of LODR Regulations	Not applicable
08	Additionally, in case of a slump sale, indicative disclosures provided for amalgamation / merger, shall be disclosed by the listed entity with respect to such slump sale	Not applicable

* The Company does not consolidate FPSIPL’s revenue / turnover. The Company recognizes the share of profit / loss of FPSIPL (on net basis).

CIN: L72400TG2017PLC117649 compliance.corp@kfintech.com