Saksoft Limited — Board/Management Information 2020

Feb 3, 2020

Saksoft Limited CIN: L72200TN1999PLC054429

Global Infocity Park, Block A, 2nd Floor, #40, Dr. MGR Salai, Kandanchavadi, Perungudi, Chennai - 600 096. P: +91 44 2454 3500 | F: +91 44 2454 3510 | E: info@saksoft.com

03rd February, 2020

The Listing/Compliance Department	The Listing/Compliance Department
The National Stock Exchange of India Limited	BSE Limited
"Exchange Plaza"	Floor No.25, Phiroze
Bandra Kurla Complex, Bandra (E)	JeejeebhoyTowers, Dalal Street,
Mumbai - 400 051	Mumbai - 400 001
Stock Code: SAKSOFT	Stock Code: 590051

Dear Sir/Madam,

Sub: Intimation on the Outcome of the Board Meeting held on 03rd February, 2020 and Disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In terms of Regulation 30, 33 and 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors at their meeting held today had inter - alia.

• a) Considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the third quarter and nine months ended 31st December, 2019 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• b) The Board has approved the appointment of Mr. Ganesh Chella as an Additional and Independent Director who shall hold office upto the ensuing Annual General Meeting of the Company. Further, the Board has recommended to the Shareholders for their approval for appointment of Mr. Ganesh Chella as an Independent Director for a period of five consecutive years from 3rd February, 2020 till 2nd February, 2025."
• c) The Board took note of the resignation tendered by Mr. Amitava Mukherjee as an Independent Director and Director of the Company with effect from 30th January, 2020. Mr.Amitava Mukherjee has confirmed that other than due to personal and other business commitments mentioned in the resignation email communication, there is no other material reason for his resignation.

Disclosure in respect of the changes in the above Directorships pursuant to Regulation 30 (6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed.

The meeting of the Board of Directors of the Company commenced at 12.00 Noon and concluded at 1.20 P.M.

We request you to kindly take the above on record.

For Saksoft Mimîted

S.Muthukrishnan Company Secretary

Noida office B 35 - 36, Sector 80, Phase II, Noida - 201305. P: +91 120 428 6231 / 32 / 33

Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 relating to change in Directors

Disclosure requirements	Details
forchangeappointment,viz.,Reasonresignation, removal, death or otherwise	Appointment as Independent Director
Date of appointment/ cessation & terms ofappointment	3rd February, 2020
Brief profile (in case of appointment)	Ganesh Chella is the founder of totusconsulting, a strategic Human ResourceConsulting firm that has addressed theOrganisation Development and HR needs ofclients275145acrossclientoverengagements. While he has worked with awide range of client organisation, his workhighgrowth entrepreneurialwithorganisations to supports their needs ofmanaging growth as well as his work onorganisation development assignments withtop management deserves special mention.He pioneered the use of executive coachingfor leader development in India. In his roleas co-founder & Managing Director, he hashelped CFI (Coaching Foundation IndiaLimited) become a highlyrespectededucation, certification, researchandconsulting organisationforExecutiveCoaching in India.Ganesh is also the Founder of Totus HRSchool, an institution that strives to makeHR functions in organisations more alignedand effective by promoting the professionaldevelopment of its HR practitioners.He has three books to his credit. Ganesh is analumnus of XLRI, Jamshedpur, a professionalmember of the India Society for AppliedBehavioural Science, and trained and certifiedas a Coach by Dr. Skiffington, Australia andCoaching Foundation India.
Disclosure of relationships between Director (incase of appointment of Director)	Mr. Ganesh Chella is not related to any of theDirectors of the Company.

Appointment of Mr. Ganesh Chella as an Independent Director

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Clause (7B) of Para Part I of Schedule III of Regulations.

Resignation of Mr. Amitava Mukherjee as an Independent Director

Reason for change viz., resignation	Due to certain personal and other businesscommitments
Date of cessation	30th January, 2020
Whether confirmationprovided by $YES$
Independent Director that there is no other
material reasons other than those stated in his
resignation communication

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S.Muthukrishnan

Company Secretary