SoftTech Engineers Limited — Capital/Financing Update 2023

Oct 27, 2023

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Date: 27[th] October, 2023

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 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) - Regulations, 2015 Allotment of 20,00,000 Equity Shares pursuant to exercise of fully convertible warrants (“Warrants/ Convertible Warrants”) allotted on preferential basis and Allotment of 6,63,120 Equity Shares pursuant to exercise of Unsecured Compulsorily Convertible Debentures (“CCDs”) allotted on preferential basis

Dear Sir/ Madam,

This is in furtherance to the intimation given by the Company on October 06, 2022, Pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding:

1. Allotment of 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.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), this to inform you that the warrant holder had deposited an subscription amount equivalent to 25% of the Warrant Issue Price i.e. Rs. 6,25,00,000/- (Rupees Sixty Two Crores and Five lakhs only) and upon receipt of remaining issue amount aggregating to Rs. 18,75,00,000/- (Rupees Eighteen Crore Seventy-Five Lakhs only) at the rate of Rs. 93.75 (Rupees Ninety Three and Seventy Five Paise Only) per warrant (being 75% of the issue price per warrant as “Warrant Exercise Price”) and on receipt of duly signed application form from M/s Florintree Technologies LLP, warrant holder, as per the terms of issue of Warrants, the Board of Directors of the

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Company, has on October 27, 2023, considered and approved the allotment of 20,00,000 (Twenty Lakhs) Equity Shares of Re. 10/- each, upon conversion/ exchange of/for equal number of Warrants.

The new equity shares so allotted, shall rank pari passu with the existing equity shares of the Company.

Disclosure under Regulation 30 of SEBI Listing Regulations read with SEBI Master circular dated July 11, 2023 bearing reference no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 and SEBI circular dated July 13, 2023 bearing reference no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 ("SEBI Circular’).

• a. Type of securities proposed to be issued: Equity Shares pursuant to conversion of 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): Allotment of 20,00,000 (Twenty Lakhs) Equity Shares of face value of Rs. 10/- each fully paid up at a premium of Rs. 115/- aggregating to Rs. 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.

• g. Outcome of the subscription: The percentage of holding of Florintree Technologies LLP post allotment of securities will be 15.60%.

• h. In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument : Exercise of 20,00,000 warrants into 20,00,000 fully paid up equity shares of Rs. 10/- each

1. Allotment of 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 (100% of the Issue Price), 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.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), this to inform you that the Compulsorily Convertible Debentures holder had deposited subscription amount equivalent to 100% of the issue price i.e. Rs. 8,28,90,000/(Rupees Eight Crores Twenty-Eight Lakhs and Ninety Thousand only). Upon receipt of duly signed application form from M/s East India Udyog Limited, CCDs holder, as per the terms of issue of Compulsorily Convertible Debentures, the Board of Directors of the Company, has on October 27, 2023, considered and approved the allotment of 6,63,120 (Six Lakhs Sixty Three Thousand One Hundred Twenty) Equity Shares of Rs. 10/- each, upon conversion for equal number of CCDs.

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• a. Type of securities proposed to be issued: Equity Shares pursuant to conversion of Unsecured Compulsory Convertible Debentures (CCDs)

• 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): Allotment of 6,63,120 (Six Lakhs Sixty Three Thousand One Hundred and Twenty) Equity Shares face value of Rs. 10/- each fully paid up at a premium of Rs. 115/- aggregating to amount Rs. 8,28,90,000 (Rupees Eight Crores Twenty-Eight Lakhs Ninety Thousand only)

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

• e. Number of Investors : 1

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

• g. Outcome of the subscription: The percentage of holding of East India Udyog Limited post allotment of securities will be 10.65%.

• h. In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument: Exercise of 6,63,120 CCDs into 6,63,120 fully paid up equity shares of Rs. 10/each

Please take the information on records.

Thanking You,

Yours faithfully

For SoftTech Engineers Limited

SHALAKA Digitally signed by SHALAKA SATISH SATISH KHANDELWAL Date: 2023.10.27 17:22:37 KHANDELWAL +05'30'

Shalaka Khandelwal Company Secretary

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