Sonata Software Ltd. — Capital/Financing Update 2020

May 21, 2020

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21[st] May, 2020

National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, P.J. Towers, Dalal Street Mumbai Mumbai Kind Attn: Manager, Listing Department Kind Attn: Manager, Listing Department Email Id: neaps@nse.co.in Email Id: listing.centre@bseindia.com Stock Code - SONATSOFTW Stock Code - 532221

Dear Sir/Madam,

Sub: Intimation under Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

With reference to the captioned subject, we would like to inform you that Sonata Software North America Inc., (SSNA) wholly-owned subsidiary of Sonata Software Limited (Sonata), has signed an agreement with Treeni Sustainability Solutions Inc. a Delaware (US) based Company (hereinafter referred to as “Treeni”) on 20[th] May, 2020 to acquire upto 24% stake in Treeni.

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

We request you to kindly take the same on record.

Thanking you,

Yours faithfully,

For Sonata Software Limited

Digitally signed by MANGAL MANGAL KRISHNARAO KRISHNARAO KULKARNI KULKARNI Date: 2020.05.21 10:42:05 +05'30' Mangal Kulkarni Company Secretary and Compliance Officer

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Annexure I

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Sr. No.	Particulars in respect of the Event	Details/Information of the Event
1.	Name of the target entity, details in brief such as size, turnover etc.	Treeni Sustainability Solutions Inc.,is a Delaware (US) based company with a specialized platform helping enterprises with Sustainability and ESG (Environmental, Social and Governance). The company is in early stages of revenue generation.
2.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	No
3.	Industry to which the entity being acquired belongs.	Information Technology Services
4.	Objects and effects of acquisition.	Treeni is a company with specialized platform “Resustain” developed to provide enterprises a 360- degree view into their ESG data and risks. This investment is an extension of Sonata’s Platformation™ play that further strengthens our singular focus of becoming a Digital transformation Partner of choice to its customers. With this investment Sonata will be able to offer additional value to its customers, while Treeni will gain access to Sonata’s engineering expertise and also Sonata’s sales and marketingreach.
5.	Brief details of any governmental or regulatory approvals required for the acquisition;	None
6.	Indicative time period for completion of the acquisition;	The transaction is expected to be completed over a time-span of 1 year to 18 months
7.	Nature of consideration	Cash and services
8.	Cost of acquisition or the price at which the shares are acquired.	Investment of upto USD 1 million, including cash as well as services
9.	Percentage of shareholding / control acquired and / or number of shares acquired.	Upto 24%

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1. Brief background about the entity acquired.

Treeni is a company incorporated in the state of Delaware in USA. It has developed “Resustain” a cloud-based platform that provides enterprises a 360degree view into their ESG data and risks. It is modular and addresses sustainability functionality that spans Data Management, Performance Management & Analytics, Reporting & Disclosures, CSR, Supply Chain and EHS. The platform is architected for the cloud and big data enabled, it is easy to use, highly configurable solution that can be deployed rapidly. With a powerful data transformation engine, enterprise integration and the critical need to automate data integration, management and transformation becomes a reality. It’s expertise ranges from initial program consultation, through to advanced analytical insights into customer experience that helps enterprises deliver better customer experience.

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