Mindteck (India) Ltd — Interim / Quarterly Report 2020

Feb 14, 2020

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Mindteck (India) Limited

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

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

www.mindteck.com

Ref: MT/SSA/2019-20/26 February 14, 2020

Scrip Code: 517344 Symbol: “Mindteck”

To,BSE LimitedPhiroze Jeejeebhoy TowersDalal StreetMumbai- 400001	To,National Stock Exchange of India LimitedExchange Plaza, C-1, Block G,Bandra Kurla Complex,Bandra (E)Mumbai – 400 051

Dear Sir/Madam,

Subject: Submission of Financial Results pursuant to Regulation 33 and Outcome of Board Meeting held on February 14, 2020 pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We would like to inform you that the Board of Directors of the Company has approved the Unaudited Financial Results for the Quarter and Nine months ended December 31, 2019 at its meeting held on February 14, 2020.

Further we would like to intimate that Board of Directors have:

1. Appointed Mr. Anand Balakrishnan, the existing Chief Operating Officer and Interim CFO as an Additional Director of the Company w.e.f. February 14, 2020 and he shall be elevated to Managing Director and Chief Executive Officer of the Company for a period of three (3) years w.e.f. March 01, 2020 in place of Mr. Sanjeev Kathpalia, whose term of appointment is going to expire on February 29, 2020. The Details of the appointment are as under:

1.	Name of the Director	Mr. Anand Balakrishnan
2.	Date of Appointment	February14,2020 as Additional Director.
3.	Term of Appointment	Three (3) years w.e.f. March 01, 2020 as Managing Director and ChiefExecutive Officer.
4.	Brief Resume and nature ofexpertise in specific functionalareas	Mr. Anand Balakrishnan, Chief Operating Officer and Interim CFO, is ahighly accomplished financial management and accounting executivewith over two decades of experience at leading organizations, suchas PwC, KPMG, and Jardine Lloyd Thomson. He was previouslyMindteck’s Chief Financial Officer from September 2014 to July 2017.Prior to re-joining Mindteck, Anand held the position of Controller forSouth Asia at GE Healthcare. He is an Associate Member of both theInstitute of Chartered Accountants of India and the Institute of CostAccountants of India. He holds a Bachelor’s degree in Commercefrom Bangalore University, and has also passed the CPA examinationheld byAmerican Institute of Certified Public Accountants.
5.	Relationship with otherdirectors of the Company	NIL

UNITED STATES INDIA SINGAPORE MALAYSIA BAHRAIN UNITED KINGDOM

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Mindteck (India) Limited

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

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

www.mindteck.com

1. Appointed Mr. Ramachandra M.S., the existing VP-Finance as Chief Financial Officer of the Company w.e.f. March 01, 2020 in place of Mr. Anand Balakrishnan. The Details of the appointment are as under:

1.	Name of the Chief FinancialOfficer	Mr. Ramachandra M.S.
2.	Date of Appointment	March 01,2020
3.	Term of Appointment	Not Applicable
4.	Brief Resume and nature ofexpertise in specific functionalareas	Ramachandra M.S. is a Chartered Accountant with over 13 years of extensiveexperience in finance, including corporate accounting, strategy, reportingand progressive team building. Prior to serving as Mindteck’s FinancialController from March 2013 to September 2017, he contributed at BoschIndia Limited as Corporate Internal Auditor and at Consero Global Solutionsas Delivery Engagement Manager. In July 2019, he left Spera ManagementPvt. Limited as a Management Consultant to become our Vice President –Finance.

Please find the enclosed:

1. Unaudited Standalone Financial Results for the Quarter and Nine months ended December 31, 2019.

2. Unaudited Consolidated Financial Results of the Company and its Subsidiaries for the Quarter and Nine months ended December 31, 2019.

3. Copy of the Limited Review Report by Statutory Auditor for Standalone Financial Results for the Quarter and Nine months ended December 31, 2019.

4. Copy of the Limited Review Report by Statutory Auditor for Consolidated Financial Results for the Quarter and Nine months ended December 31, 2019.

Thanking you, Yours Truly,

For Mindteck (India) Limited Digitally signed by Shivarama Adiga S. Shivarama DN: cn=Shivarama Adiga S., o=Mindteck (India) Limited, ou=Legal and Secretarial, email=shivarama.adiga@mindteck.com, c=IN Date: 2020.02.14 16:40:07 +05'30' Adiga S. Shivarama Adiga S.

VP, Legal and Company Secretary

UNITED STATES INDIA SINGAPORE MALAYSIA BAHRAIN UNITED KINGDOM