Mastek Limited — M&A Activity 2019

Dec 9, 2019

SEC/42019-20 December 9, 2019

Mastek Limited

T +91 22 6722 4200 F +91 22 6695 1331 W www.mastek.com

Listing Department	Listing Department
BSE Limited	The National Stock Exchange of India Limited
25th Floor, Phiroze leejeebhoy Towers	Exchange Plaza, C-1, Block G,
Dalai Street, Fort	Bandra Kuria Complex,
Mumbai - 400 001	Bandra (E), Mumbai - 400 051
Tel No. 022- 22723121	Tel No.: 022- 26598100
Fax No. 022- 22721919	Fax No. 022-26598120
SCRIP CODE: 523704	SYMBOL: MASTEK

Dear Sir(s)/Ma'am(s),

Sub: Intimation of Proposed Merger of one of the USA based Step down Subsidiary

Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the steps are being initiated by our USA Step down Subsidiaries to merge TAIS Tech LLC with Trans American Information Systems Inc. (post which TAIS Tech LLC will cease to exist) to enable greater synergies between the two Companies, and also to achieve higher operational efficiencies, subject to obtaining necessary regulatory approvals,.

The details as required under SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 are as follows;

Sr. No.	Particulars	Status / Remarks
a)	name of the entity(ies) forming part of themerger, details in brief such as, size, turnoveretc.;	TAIS Tech LLC, USA:TAIS Tech LLC (TAIS) develops software solutions and offers strategic consulting,large-scale commerce implementations, cloud applications, software design, mobileapplication development, maintenance, big data analytics, and training services.
		Turnover: USD 258.22 lakhs ; Share Capital: NA
		Trans American Information Systems Inc., USA:Trans American Information Systems Inc.: TAIS Inc. is a global digital servicesfirm focused on implementing and maintaining the Oracle Commerce and OracleCommerce Cloud applications, as well as integrating them with the full suite ofOracle Customer Experience Products.
		Turnover: USD 197.63 lakhs ; Share Capital: USD 5000
b)	whether the transaction would fall withinrelated party transactions? If yes, whether thesame is done at "arm's length";	Not Applicable
c)	area of business of the entity(ies);	TAIS Tech LLC, USA: develops software solutions and offers strategicconsulting, large-scale commerce implementations, cloud applications, softwaredesign, mobile application development, maintenance, big data analytics, andtraining services.
		Trans American Information Systems Inc., USA: a global digital services firmfocused on implementing and maintaining the Oracle Commerce and OracleCommerce Cloud applications, as well as integrating them with the full suite ofOracle Customer Experience Products.
d)	rationale for merger;	To enable greater synergies between the two companies, and also to achieve higheroperational efficiencies
e)	in case of cash consideration - amount orotherwise share exchange ratio;	Not Applicable
f)	brief details of change in shareholding pattern(if any)of listed entity	No change in shareholding of Mastek Limited

Kindly take the above on records.

Thanking you,

Yours faithfully,

alani pany Secretary