SIS LIMITED — M&A Activity 2019

Jun 28, 2019

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Date: June 28, 2019

National Stock Exchange of India Limited Exchange Plaza C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai-400051

NSE Symbol: SIS

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400001 BSE Code: 540673

Dear Sir/Madam,

Sub: Intimation of agreement to acquire shareholding in Triton Security Services Limited by Platform 4 Group Limited, a subsidiary of Security and Intelligence Services (India) Limited (“the Company”).

We wish to inform you that Platform 4 Group Limited ( “P4G” ), a subsidiary of the Company, has, on June 27, 2019, signed definitive agreements to acquire 100% of the equity shareholding in Triton Security Services Limited along with its subsidiary, The Alarm Centre Limited ( “Triton Group” ).

We enclose herewith the details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 as Annexure – 1 .

This is for your information and record.

Thanking you.

Yours Faithfully,

For Security and Intelligence Services (India) Limited

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Pushpalatha K Company Secretary

Address for correspondence: #106, 1[st] Floor, Ramanashree Arcade, 18 MG Road, Bangalore 560 001 Karnataka Registered office: Annapoorna Bhawan, Patliputra Telephone Exchange Road, Kurji, Patna 800 010 Bihar Website: www.sisindia.com Tel: +91 80 2559 0801

CIN: 1752308R1 985P1C002083

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Annexure – 1

Information required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015

a)	Name of the target entity, details in briefsuch as size, turnover etc.;	Triton Security Services Limited along with itssubsidiary, The Alarm Centre Limited.Consolidated Revenues for FY19 – NZD 2.68Mn.
b)	Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/ promoter group/ group companieshave any interest in the entity beingacquired? If yes, nature of interest and detailsthereof and whether the same is done at“arm’s length”;	No. Not a related party transaction.
c)	industry to which the entity being acquiredbelongs;	Alarm Monitoring Services.
d)	objects and effects of acquisition (includingbut not limited to, disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of the listedentity);	The acquisition would help P4G and SIS Groupto add alarm monitoring offerings to its serviceportfolio in the New Zealand market.
e)	brief details of any governmental orregulatory approvals required for theacquisition;	None
f)	indicative time period for completion of theacquisition;	Intended to close by July 31, 2019
g)	nature of consideration - whether cashconsideration or share swap and details of thesame;	Consideration to be in cash
h)	cost of acquisition or the price at which theshares are acquired;	P4G will pay a purchase consideration of NZD5.58 Mn for the 100% equity shareholding.

Address for correspondence: #106, 1[st] Floor, Ramanashree Arcade, 18 MG Road, Bangalore 560 001 Karnataka Registered office: Annapoorna Bhawan, Patliputra Telephone Exchange Road, Kurji, Patna 800 010 Bihar Website: www.sisindia.com Tel: +91 80 2559 0801

CIN: 1752308R1 985P1C002083

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i)	percentage of shareholding / control acquiredand / or number of shares acquired;		100% equity shareholding is being acquired.	100% equity shareholding is being acquired.
j)	brief background about the entity acquired interms of products/line of business acquired,date of incorporation, history of last 3 yearsturnover, country in which the acquiredentity has presence and any other significantinformation (in brief);		Triton Group, headquartered in Christchurch,New Zealand was founded by Mr. Andrew Buist& Mr. Brent McIvor. The Group provides AlarmMonitoring services.The revenues of the Triton group for the pastthree years is as follows:Financial YearConsolidated(NZD Mn)FY192.68FY182.72FY172.63
			Financial Year	Consolidated(NZD Mn)
			FY19	2.68
			FY18	2.72
			FY17	2.63

Address for correspondence: #106, 1[st] Floor, Ramanashree Arcade, 18 MG Road, Bangalore 560 001 Karnataka Registered office: Annapoorna Bhawan, Patliputra Telephone Exchange Road, Kurji, Patna 800 010 Bihar Website: www.sisindia.com Tel: +91 80 2559 0801

CIN: 1752308R1 985P1C002083