Saksoft Limited — Capital/Financing Update 2024

Sep 27, 2024

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September 27, 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 Ceptes Software Private Limited (“Ceptes”) subject to the terms and conditions set out in the Agreement. Ceptes 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 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 Ceptes Software Private Limited (“Ceptes”) is a
such as size, turnover etc. global Salesforce service provider which
accelerates the business value of the customers
Salesforce investment through consultation,
digitalization, and innovation.
Turnover of Ceptes for the year ended March 31,
2024 was around Rs. 33.31 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 Salesforce Platform
of reasons for acquisition of target related services and gain access to enterprise
entity, if its business is outside the main customers.
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 cash consideration of upto Rs 61.50 crores with an upfront cash consideration of upto Rs 31.05 crores and the balance as earnout consideration based on performance over the next 24 months .
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 Ceptes.
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)	Ceptes is Private Limited Company engaged in the business of providing Salesforce Technology Services for its customers. Date of Incorporation: 22/07/2010 Country of Incorporation: India Turnover for the last 3 years: FY 2023-24 – Rs. 33.31 crores FY 2022-23 – Rs. 30.33crores FY 2021-22 – Rs. 24.36 crores ****The Company has undergone a demerger which has been approved on 22ndAugust 2024 with an appointed date of 1stApril 2024. The above turnover represents the total turnover prior to the demerger.

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