Saksoft Limited — Capital/Financing Update 2024

Dec 21, 2024

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December 21, 2024

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The Listing/Compliance Department The Listing/Compliance Department
The National Stock Exchange of India Limited BSE Limited
“Exchange Plaza” Floor No.25, Phiroze JeejeebhoyTowers, Dalal
Bandra Kurla Complex, Bandra (E) Street,
Mumbai – 400 051 Mumbai – 400 001
Stock Code: SAKSOFT Stock Code: 590051
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Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”)

Dear Sir/Madam,

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI LODR Regulations, we wish to inform that the Company has executed a Share Purchase Agreement (“Agreement”) to acquire 100% equity interest in Zetechno Products and Services Private Limited (“Zetechno”) subject to the terms and conditions set out in the Agreement. Zetechno will become a wholly owned subsidiary of the Company on closure of the transaction.

The required information under Regulation 30 of the SEBI LODR Regulations, read with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is appended and marked as Annexure A.

We request you to take the above information on record.

Thanking you,

For Saksoft Limited

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Ms. Meera Venkatramanan Company Secretary

Encl.: As above

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Annexure A

Disclosure under Regulation 30 of the SEBI LODR Regulations:

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S. No. Particulars Disclosures
1 Name of the target entity, details in brief Zetechno Products and Services Private
such as size, turnover etc. Limited (“Zetechno”) is a niche ServiceNow
Premier Consulting and Implementation
Partner based in Hyderabad offering the entire
gamut of Implementation, Support &
Maintenance, Upgrades and Custom
Applications.
Turnover of Zetechno for the year ended March
31, 2024 was around Rs. 3.33 crores.
2 Whether the acquisition would fall No. The transaction does not fall within the related
within related party transaction(s) and party transaction and none of the
whether the promoter/ promoter promoter/promoter group/ group companies
group/ group companies have any have any interest in the entity being acquired.
interest in the entity being acquired? If
yes, nature of interest and details
thereof and whether the same is done at
“arm’s length”
3 Industry to which the entity being The entity being acquired belongs to the IT / ITes
acquired belongs industry
4 Objects and impact of acquisition This acquisition will help elevate and strengthen
(including but not limited to, disclosure Saksoft’s Capability on the ServiceNow platform
of reasons for acquisition of target related services and in the areas of IT Service
entity, if its business is outside the main Management.
line of business of the listed entity)
5 Brief details of any governmental or No government or regulatory approval is
regulatory approvals required for the required for the acquisition.
acquisition
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6	Indicative time period for completion of the acquisition	The transaction is expected to be completed within the next four weeks.
7	Consideration - whether cash consideration or share swap or any other form and details of the same;	The Company will discharge the consideration under the Share Purchase Agreements by way of cash.
8	Cost of acquisition and/or the price at which the shares are acquired	Total closing cash consideration of about Rs 2.59 crores.
9	Percentage of shareholding / control acquired and / or number of shares acquired	On completion of the transaction, Saksoft Limited will own 100% of equity interest in Zetechno.
10	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)	Zetechno is a Private Limited Company engaged in the business of providing Premier Consulting services, offering the entire gamut of Implementation, Support & Maintenance, Upgrades and Custom Applications. Date of Incorporation: 21/03/2017 Country of Incorporation: India Turnover for the last 3 years: FY 2023-24 – Rs. 3.33 crores FY 2022-23 – Rs. 3.10 crores FY 2021-22 – Rs. 2.56 crores

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