Palred Technologies Limited — Board/Management Information 2020

Sep 2, 2020

	Date: 31.08.2020
The ManagerBSE LimitedTowers, Dalal Street,P.J.Mumbai — 400 001	The Manager,NSE Limited,Exchange Plaza, Bandra Kurla Complex,Bandra(E), Mumbai- 400051.

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

Ref: Palred Technologies Limited

Dear Sir/Madam,

We hereby inform you that pursuant to the mandatory provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (LODR) and the Companies Act, 2013 there is a need to fill the casual vacancy of Managing Director and Chairperson due to the sudden demise of Mr. Palem Srikanth Reddy, the late Chairman & Managing Director and of the Company, on 12.08.2020.

Accordingly, on the recommendation of the Nomination and Remuneration Committee, the Board at its meeting held today, i.e., August 31, 2020, Mrs. Palem Supriya Reddy (DIN: 00055870) has been appointed as an Additional Director and Chairperson & Managing Director of the Company with effect from August 31, 2020 till July 17, 2023, subject to the approval of the Shareholders at the forthcoming Annual General Meeting of the Company.

Further, as per the requirement of the Circular No. List/Comp/14/2018-19 dated 20'June, 2018 issued by BSE on the subject of enforcement of SEBI Orders regarding appointment of Directors by listed companies we hereby affirm that the Director being appointed is not debarred from holding the office of director by virtue of any order of SEBI or any other such authority.

The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are given in the enclosed Annexure-l.

This is for the information and record of the exchanges, please.

Thanking you, For Palred Technologies Limited

* Bee

Che Nannach Raga oT rege rutHVar GesA

Company Secretary PALRED TECHNOLOGIES LIMITED (FORMERLY KNOWN AS FOUR SOFT LIMITED) . CIN: L72200TG1999PLC033131

Regd. Office: H.No. 8-2-703/2/B, Plot.No.2 Road.No.12, Banjara Hills, Hyderabad, Telangana- 500034. Tele: +9140 67138810|Website:www.palred.com

Annexure-!

Annexure-!
S. No.	Detailsofeventsthatneedtobe	Information of such event(s)
	providedReasonforchangeviz.appointment,
	resignation,removal,deathor	suddendemiseDuetheMr.oftoReddyPalemSrikanththelate
	otherwise;	Chairman & Managing Director of theCompany,12.08.2020,thereon
		aroused a need to fill the vacancy of
		Chairman & Managing Director in theboard of the Company.
	Dateofappointmentandtermsofappointment;	The Board on the recommendation oftheNomination&Remuneration
		Committee, at its meeting held today,i.e.August31,2020appointedMrs.
		Palem Supriya Reddy as an Additional
		DirectorandfurtherChairperson&Managing Director of the Company for
		aperiodofwef.31.08.2020till17.07.2023, subject to the approval of
		theShareholdersat theforthcoming
		AnnualGeneralMeetingoftheCompany.
	Brief Profile (in case of appointment):	Annexure-A (The brief profile of thedirector and other details as received
	Disclosureofrelationshipsbetween	from her are enclosed).
	directors.	Mrs.PalemSupriyaReddy,Chairperson&ManagingDirectoris
		Mother of Ms. Stuthi Reddy and sisterin law of Mr. Palem Srikar Reddy, the
		non-executivedirectorsofthecompany.
	Shareholding, if any in the Company.	Mrs. Palem Supriya Reddy is holding
		10,00,000equitysharesoftheCompany in Dematerialized form as on
	AffirmationthattheDirectorbeing	date.WeaffirmthatMrs.PalemSupriya
	appointed is not debarred from holdingtheofficeof director by virtueof any	Reddy is not debarred from holding theoffice of director by virtue of any order
	orderofSEBIoranyothersuchauthority.	of SEBI or any other such authority.
		NominationandRemuneration
		Committee and the Board of directorsof the Company has also verified that

Mrs.PalemSupriyaReddyisnotdebarredfromholdingtheofficeofdirector pursuant to any SEBI Order.

Annexure-A

Mrs. Palem Supriya Reddy (Brief Profile)

Mrs. Supriya Reddy is a graduate in Arts with Psychology as a Subject from Women's Christian College, Chennai and again she is a Post graduate in Psychology from Osmania University, Hyderabad. She has always been passionately involved in social service - be it feeding the poor or any philanthropy services. Mrs. Supriya also has teaching experience of English as a subject at Nachiketa Tapovan, a school for the underprivileged, for the past ten years.