SoftTech Engineers Limited — Capital/Financing Update 2024

Dec 6, 2024

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Date: December 06, 2024

To,

National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, C-1, Block – G Floor 25, Phiroze Jeejeebhoy Towers Bandra – Kurla Complex Dalal Street, Bandra (East), Mumbai – 400051 Mumbai – 400001 Symbol – SOFTTECH Scrip Code: 543470

Dear Sir/Madam,

Subject: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’)

Pursuant to Regulation 30 and Regulation 30A of SEBI (LODR) Regulations, 2015 read with Clause 5A of Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 this is in reference to our intimation dated 14[th] August, 2024 related to acquisition of Envee Information Technology Private Limited, we hereby like to inform that Mr. Anil Vasant Rajadhyaksha and Ms. Kanchan Anil Rajadhyaksha (together as Sellers) and Softech Engineers Limited and Mr. Gaurav Waghmare (together as Buyers) and Envee Information Technology Private Limited as Company have entered into Share Purchase Agreement on 05[th] December, 2024.

The necessary information as required to be disclosed in this regard in terms of Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed herewith as Annexure-A.

The aforesaid information is also being placed on the website of the Company at www.softtech-engr.com.

This is for your information and records.

Thanking You, Yours Faithfully, For SoftTech Engineers Limited

Digitally signed by SHALAKA SATISH KHANDELWAL SHALAKA DN: c=IN, st=Maharashtra, 2.5.4.20=0ff52ac746976b289e76b59faf4c2c77a579869546f 239207296924c081dfadb, postalCode=411041, street=FLAT NI D 1 902 GANGA BHAGYODAY SINHAGAD SATISH ROAD NEAR MANIBAUG PETROL PUMP PUNE CITY, pseudonym=a3f3c8b1a309141bf53ca4a8e87f6505, serialNumber=c5a400455bb9bb1178c59c80eca2f9d073b1 KHANDELWAL d9c24f53ed346dd20b5d646eb970, o=Personal, cn=SHALAKA SATISH KHANDELWAL Date: 2024.12.06 12:47:29 +05'30'

Shalaka Khandelwal Company Secretary

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ANNEXURE-A

Details required under Regulation 30 of SEBI LODR read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Sr. No	Particulars	Description
1.	name(s) of parties with whom the agreement is entered	Mr. Anil Vasant Rajadhyaksha and Ms. Kanchan Anil Rajadhyaksha (together as Sellers) and Softech Engineers Limited and Mr. Gaurav Waghmare (together as Buyers) and Envee Information Technology as Company.
2.	purpose of entering into the agreement	The SPA is entered between Purchaser and Sellers under which the Purchaser agrees to Purchase, and sellers agrees to sell 12,000 equity shares in total as per the agreement. Further, The Sellers collectively hold 12,000 Equity Shares and 13,000 Compulsorily Convertible Preference Shares (CCPS). As on the date of this Agreement, Buyers wishes to purchase the Sale Shares representing 100% Equity Shares of the Company and the Sellers are willing to sell, transfer and assign to Buyers the Sale Shares, on the terms and subject to the conditions set forth in this Agreement. Of the total 100% equity shares, SoftTech Engineers Limited will hold 80% and Mr. Gaurav Waghmare will hold the remaining 20%. Further, Sellers will transfer the existing 13,000 CCPS (Compulsorily Convertible Preference Shares) in the form of Equity Shares to SoftTech Engineers Limited as per the terms mentioned in the Share Purchase Agreement.
3.	shareholding, if any, in the entity with whom the agreement is executed	No shares are held by SoftTech Engineers Limited (“the Company”) as on the execution of the date of agreement.
4.	significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.;	There are no special rights as per the agreement. .
5.	whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship;	None of the Parties to the agreement are related to the promoter/ promoter group/group companies of our Company in any manner.

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6.	whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”	No
7.	in case of issuance of shares to the parties, details of issue price, class of shares issued;	Not applicable
8.	any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc	Not Applicable
9.	in case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): a) name of parties to the agreement; b) nature of the agreement; c) date of execution of the agreement; d) details of amendment and impact thereof or reasons of termination and impact thereof.	Not Applicable