SoftTech Engineers Limited — Regulatory Filings 2018

Nov 3, 2018

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To,

National Stock Exchange of India Limited

Bandra-Kurla Complex, Bandra (East) Mumbai – 400 051

SYMBOL: SOFTTECH

3[rd] November, 2018

Sub: Press release

Dear Sir/ Madam,

Please find enclosed the press release titled “SoftTech’s product AutoDCR contributes significantly in improving EODB rank in dealing with construction permits”

This is for your information and records.

Thanking you.

Yours Sincerely,

For SoftTech Engineers Limited

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Aishwarya Patwardhan

Company Secretary

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SoftTech Engineers Limited (formerly known as SoftTech Engineers Pvt. Ltd.)

The Pentagon - 5A, 5th Floor, Shahu College Road, Pune- 411009, Maharashtra, India T: +91 20 2421 7676 / 2421 8747 | CIN: U30107PN1996PLC016718 E: sepl@softtech-engr.com | www.softtech-engr.com

Press Release

SoftTech’s product AutoDCR contributes significantly in improving EODB rank in ‘dealing with construction permits’

Pune, Friday , 2n d Nov 2018: INDIA jumped 23 places to No.77 among 190 countries in the World Bank’s “Ease of Doing Business (EODB) 2019” rankings. The report released Wednesday noted that India is among the top ten economies improving the most across three or more areas measured by the study.

In an official statement, the Commerce and Industry Ministry said: “India has improved in rank in six out of ten indicators and has moved closer to international best practices.”

The most significant improvement has been seen in “dealing with construction permits”, where the ranking has improved to 52 from 181. This is on account of the number of procedures coming down to 17.9 from 30.1, along with a reduction in the — number of days to deal with construction permits to 94.8 days from 143.9 days last year. The cost of permit, as a percentage of warehouse value, has also come down to 5.4 per cent, compared with 23.2 per cent a year ago.

Mumbai and Delhi are the two cities covered, inspected and monitored by World Bank for deciding rank of India. SoftTech’s Single Window Clearance System through AutoDCR software implemented at Mumbai (Municipal Corporation of Greater Mumbai), for issuing construction permits has brought the vision of honorable commissioner to cut down number of procedures and bring speed in construction permits in practice . This successful implementation by MCGM has helped in improving the EODB ranking of India. SoftTech congratulates MCGM for this fantastic achievement

SWCS at MCGM

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AutoDCR software has enabled a Single Window Clearance System (SWCS) at MCGM for Building Plan Approval Systems. The process of single window approval is created by integrating with internal Departments like Survey, Hydraulic Engineering, Storm Water Drainage, Solid Waste Management as well as external Departments like AAI, BEST and NMA through a common application form for online transfer of application to these departments and receipt of NOC.

The building completion cum occupancy certificate is issued online through the SWCS. Site inspection for construction permits has been minimized by way of self-certification and introducing third party certification. During construction, submission of photos and video clips by architects has been introduced in online AutoDCR system. AutoCAD based software to scrutinize building plans has been implemented.

MCGM has introduced digital signing of building permit application, seamless integration with GIS maps, thereby eliminating need of physical submission of documents. The manual application for grant of construction permits has been completely discontinued.