Take Solutions Ltd — Capital/Financing Update 2018

Sep 28, 2018

TAKE ® �** En a bli n g Business Effi ci en ci es _J-..:::f:t,**_

TECHNOLOGY ANALYTICS KNOWLEDGE ENTERPRISE

September 28, 2018

TAKE/BSE/2018-19

T AKE/NSE/2018-19

The Manager Dept. of Corporate Services-Listing Bombay Stock Exchange Limited, P. J. Towers, Dalal Street, Mumbai - 400001 Scrip Code: 532890

The Manager-Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra - Kurla Complex, Bandra (East), Mumbai - 400051 Symbol: TAKE

Dear Sir/ Madam,

Sub: Sale of business Unit- TAKE Supply Chain, a unit of Navitas, Inc. (wholly owned step down subsidiary of TAKE Solutions Ltd}

With reference to the captioned subject, we would like to inform you that Company's Wholly Owned Subsidiary, Navitas, Inc (USA) has sold off its supply chain unit namely "TAKE Supply Chain" in Austin, USA to ESW Capital, LLC, USA.

The details as required under SEBI (Listing and Disclosure Obligation Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD/4/2015 dated 9[th ] September 2015 are provided as Annexure - I to this letter.

Kindly take the same on record and oblige.

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Encl: A/a

TAKE SOLUTIONS LIMITED Registered & Corporate Office: No: 27, Tank Bund Road, Nungambakkam, Chennai - 600 034 CIN- L63090TN2000PLC046338

www.takesolutions.com

Tel: +91 44 6611 0700/01

Annexure-1

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S.No	Particulars	Particulars		Details	Details
1.	The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial yea�
2.	Date on which the agreement for salehas been entered into;			19 September 2018
3.		the expected date of completion of sale/disposal; consideration received from such sale/disposal;		19 September 2018
4.				US$ 3.25 million
5.	brief details of buyers and whether any of the buyers belong to thepromoter/ promoter group/group companies. If yes, details thereof; whether thetransactionwould fall within related party transactions? If yes, whether the same is done at "arm's lenQth"; Nature of transaction			ESW Capital, LLC, a U.S. corporate entity, focuses on buying, strengtheningand growing mature business software companies since 1988. ESW's objective is to revitalize its acquisitions for sustainable success while making customer satisfaction a top priority. Not a related party transaction. Net Asset sale arrangement
6. 7.

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