SoftTech Engineers Limited — Capital/Financing Update 2022

Oct 6, 2022

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Date: 6[th] October, 2022

To,

National Stock Exchange of India Limited“Exchange Plaza”, C-1, Block – GBandra – Kurla ComplexBandra (East), Mumbai – 400051Symbol – SOFTTECH	BSE LimitedFloor 25, Phiroze Jeejeebhoy TowersDalal Street,Mumbai – 400001ScripCode: 543470

Subject: Intimation of allotment of securities on preferential basis

Dear Sir/ Madam,

Pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of the Company on 5[th] October, 2022 have resolved to:

1. To allot 20,00,000 (Twenty Lakhs) Fully Convertible Warrants (“Warrants/ Convertible Warrants”) of the Company issued at a Subscription Price of Rs. 31.25/- per warrant (25% of the Issue Price), entitling the Warrant holder to exercise an option to subscribe to 20,00,000 (Twenty Lakhs) Equity Shares of the Company having a face value of Rs. 10/- each at an exercise price of Rs. 93.75/- (75% of Issue Price), Issue price being Rs. 125/- (face value Rs. 10/- and a premium of Rs. 115/-) per equity share on preferential basis.

   • a. Type of securities proposed to be issued: Convertible Warrants

   • b. Type of issuance: Preferential allotment

   • c. Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): 20,00,000 (Twenty Lakhs) Fully Convertible Warrants for an amount INR 25,00,00,000/- (Rupees Twenty Five Crore Only)

   • d. Names of the investors: Florintree Technologies LLP

   • e. Number of Investors : 1

   • f. Issue Price : INR 125 (Indian Rupees One Hundred and Twenty Five) per warrant.

a. Outcome of the subscription: Pursuant to consent received from Shareholders, In-principle approval from stock exchanges and receipt of consideration from allottee, the Board of Directors resolved to allot 20,00,000 (Twenty Lakhs) Fully Convertible Warrants (“Warrants/ Convertible Warrants”) of the Company issued at a Subscription Price of Rs. 31.25/- per warrant (25% of the Issue Price), entitling the Warrant holder to exercise an option to subscribe to 20,00,000 (Twenty Lakhs) Equity Shares of the Company having a face value of Rs. 10/- each at an exercise price of Rs. 93.75/- (75% of Issue Price), Issue price being Rs. 125/- (face value Rs. 10/- and a premium of Rs. 115/-) per equity share on preferential basis. The Equity Shares to be allotted on conversion shall rank pari passu with the existing Equity Shares of the Company.

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The Warrants are convertible into equity shares within 18 months from the date of allotment in one or more tranches.

1. To allot 6,63,120 (Six Lakhs Sixty Three Thousand One Hundred and Twenty) Unsecured Compulsorily Convertible Debentures (“CCDs”), of the Company (“CCDs”) issued at a Subscription Price of Rs. 125/per Debenture, being convertible into 6,63,120 Equity Shares at a conversion price of Rs 125/- (face value Rs. 10/- and a premium of Rs. 115/-) per equity share on preferential basis.

   • b. Type of securities proposed to be issued: Unsecured Compulsory Convertible Debentures (CCDs) with no coupon rate.

   • c. Type of issuance: Preferential allotment

   • d. Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): 6,63,120 (Six Lakhs Sixty Three Thousand One Hundred and Twenty) Unsecured Compulsorily Convertible Debentures for amount INR 8,28,90,000 (Rupees Eight Crores Twenty-Eight Lakhs Ninety Thousand only)

   • e. Names of the investors: East India Udyog Limited

   • f. Number of Investors : 1

   • g. Issue Price : INR 125 (Indian Rupees One Hundred and Twenty Five) per CCDs.

   • h. Outcome of the subscription: Pursuant to consent received from Shareholders, In-principle approval from stock exchanges and receipt of consideration from allottee, the Board of Directors resolved to allot 6,63,120 (Six Lakhs Sixty Three Thousand One Hundred and Twenty) Unsecured Compulsorily Convertible Debentures (“CCDs”), of the Company (“CCDs”) issued at a Subscription Price of Rs 125/- per Debenture, being convertible into 6,63,120 Equity Shares at a conversion price of Rs 125/- (face value Rs. 10/- and a premium of Rs. 115/-) per equity share on preferential basis. The Equity Shares to be allotted on conversion shall rank pari passu with the existing Equity Shares of the Company. CCDs are convertible into equity shares within 18 months from the date of allotment in one or more tranches.

Please take the information on records.

Thanking You,

Yours faithfully

For SoftTech Engineers Limited

AISHWARYA SHASHANK PATWARDHAN Digitally signed by AISHWARYA SHASHANK PATWARDHAN DN: c=IN, st=Maharashtra, 2.5.4.20=cad038fb8561ca39cb3ad3ad91c1b91179dec129d698e461b703839d6261e6bd, postalCode=416416, street=T 1 RAJAS HIGHTS APARTMENTS MANISHA STATE BANK COLONY SAHYADRI NAGAR SANGLI, pseudonym=50afed72369ea8a15ae6a49f56a80857, serialNumber=02e73c7ed8a29067632e4864c7fc7282ba75c9e5c7a7e1a4c555213517178b0b, o=Personal, cn=AISHWARYA SHASHANK PATWARDHAN Date: 2022.10.06 12:20:09 +05'30'

Aishwarya Patwardhan Company Secretary

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