Mindteck (India) Ltd — Capital/Financing Update 2023

Jan 30, 2023

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Mindteck (India) Limited AMR Tech Park, Block 1, 3rd Floor #664, 23/24, Hosur Main Road Bommanahalli, Bengaluru - 560068. India (CIN: L30007KA1991PLC039702)

Tel: +91 80 4154 8000/4154 8300 Fax: +91 80 4112 5813

	Tel: +91 80 4154 8000/4154 8 Fax: +91 80 4112 5
January 30, 2023	www.mindteck.c
The Manager Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 SCRIP CODE: 517344	The Manager Listing Department National Stock Exchange of India Limited “Exchange Plaza” C – 1, Block G Bandra Kurla Complex Bandra (East) Mumbai – 400 051 SYMBOL: MINDTECK

www.mindteck.com

Dear Sir,

Sub: Intimation of Closure of Offer Period of Buy-back of Equity Shares by Mindteck (India) Limited (“Company”) Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

We refer to the public announcement dated August 12, 2022 (“ Public Announcement ”) whereby the Company announced the buy-back of fully paid-up Equity Shares of the Company having face value of ₹10/- each (“ Equity Share ”) from the Open Market through stock exchange mechanism as prescribed under the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 (“ Buy-back Regulations ”) at a maximum price of ₹180/- (Rupees One Hundred and Eighty Only) per Equity Share (“ Maximum Buy-back Price ”) payable in cash, for an aggregate maximum amount of up to ₹13.70 Crore/- (Rupees Thirteen Crore Seventy Lakhs Only) excluding transaction costs viz. brokerage, advisor’s fees, intermediaries fees, public announcement publication fees, filing fees, turnover charges, applicable taxes such as tax on distributed income on buy-back, securities transaction tax, goods and services tax, income tax, stamp duty and other incidental and related expenses, etc.

In terms of the Public Announcement the Buy-back commenced from Wednesday, August 24, 2022 and till date, the Company has bought back 5,14,224 Equity Shares at an average price of ₹139.34/- per Equity Share for an aggregate consideration of ₹7,16,51,146/- (Rupees Seven Crores Sixteen Lakhs Fifty-One Thousand One Hundred and Forty-Six Only) excluding Transaction Costs which represents 52.30% of the Maximum Buy-back Size. Since the Company has achieved the Minimum Buy-back Size as required under Regulation 15 of the Buy-back Regulations and Public Announcement, the Buyback Committee of the Company has decided to close the Buy-back effective from closure of trading hours of Monday, January 30, 2023. Therefore, the Buy-back of Equity Shares by the Company shall stand closed effective from closure of trading hours i.e., Monday, January 30, 2023.

The pre Buy-back and post Buy-back summarised shareholding pattern of the Company is enclosed herewith as Annexure - A.

Kindly take this disclosure on record and disseminate this information to the public.

Thank you,

Yours faithfully, For Mindteck (India) Limited Shivarama

Adiga S Shivarama Adiga S. VP, Legal and Company Secretary

Digitally signed by Shivarama Adiga S DN: cn=Shivarama Adiga S, o=Mindteck (India) Limited, ou=Legal and Secretarial, email=shivarama.adiga@mindteck.com, c=IN Date: 2023.01.30 11:47:41 +05'30'

Encl.: Annexure-A

INDIA UNITED STATES CANADA SINGAPORE MALAYSIA PHILIPPINES BAHRAIN GERMANY UNITED KINGDOM

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Annexure - A

Mindteck (India) Limited AMR Tech Park, Block 1, 3rd Floor #664, 23/24, Hosur Main Road Bommanahalli, Bengaluru - 560068. India (CIN: L30007KA1991PLC039702)

Tel: +91 80 4154 8000/4154 8300 Fax: +91 80 4112 5813

www.mindteck.com

Pre Buy-back and post Buy-back summarised shareholding pattern of the Company

Category of Shareholder	Pre Buy-back as on Date of Board Meeting (August 11, 2022)	Pre Buy-back as on Date of Board Meeting (August 11, 2022)	Post Buy-back ($)	Post Buy-back ($)
	Number of equity share held	% to the existing equity share capital	Number of equity share held	% to the existing equity share capital
(A) Promoter and Promoter Group	1,64,31,604	63.74	1,64,31,604	65.04
(B) Public Shareholders
Foreign investors (including Non- Resident Indians, FIIs and foreign mutual funds	31,40,593	12.18	88,33,489	34.96
Financial institutions, banks and mutual funds promoted by banks,institutions	0	0
Others (public, public bodies corporate,etc)	62,07,120	24.08
Total	2,57,79,317	100.00	2,52,65,093	100.00

$ Subject to extinguishment of 1,25,586 Equity Shares bought back

Yours faithfully, For Mindteck (India) Limited Shivarama Adiga S

Digitally signed by Shivarama Adiga S DN: cn=Shivarama Adiga S, o=Mindteck (India) Limited, ou=Legal and Secretarial, email=shivarama.adiga@mindteck.com, c=IN Date: 2023.01.30 11:48:03 +05'30'

Shivarama Adiga S.

VP, Legal and Company Secretary

INDIA UNITED STATES CANADA SINGAPORE MALAYSIA PHILIPPINES BAHRAIN GERMANY UNITED KINGDOM