Take Solutions Ltd — M&A Activity 2019

Mar 7, 2019

TECHNOLOGY ANALYTICS KNOWLEDGE ENTERPRISE

March 07, 2019

TAKE/BSE/2018-19

Dept. of Corporate Services-Listing Bombay Stock Exchange Limited,

P. J. Towers, Dalal Street,

Mumbai - 400001 Scrip Code: 532890

The Manager

TAKE/NSE/2018-19

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

Sir/ Madam,

Sub: Intimation regarding Merger of Subsidiaries. Ref: Company Intimation to the Stock Exchange on the above subject on March 01, 2019

This Letter is with reference to the above intimation sent by the Company on March 01, 2019 where the Company has informed the exchanges about the details of mergers of its Stepdown subsidiaries in the United States of America.

Due to typo errors, the figures in mn. were inadvertently mentioned at s.no l(a) of Annexure II and Annexure Ill of the said intimation. We have updated these annexures and enclosing herewith the same or your reference and necessary action.

We request you to take note of the aforesaid and acknowledge receipt.

Yours sincerely, For TAKE Solutions Limited

Avaneesh Singh Company Secretary

Encl: As Above

T/\KE SOLUTIONS LIMITED

R0gistc1cd h Co1pointc Office: No: 27, Tilnk Bund Road, Nungilmbakkam, Chennai 600 034 C IN- LC,Hl90TNlilllllPLCCM6llH Tel: ,91 44 6611 0700/01

www.takesolutions.com

Annexure-1

Transaction - 1 (a)

S.No	Particulars	Details of entities forming part ofmerger
a)	Details in brief such as size, turnover etc	Name of the entity: Astus TechnologiesInc, USA merging into TAKE InnovationsInc, USA
	Turnover as on March 31, 2018	USD 45.54 mn
b)	Whether the merger would fall withinrelated party transaction(s) and whetherthe promoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired?	Not a Related Party Transaction
c)	Area of Business of the entities	life Sciences
d)	Rationale for amalgamation/ merger	The merger enables a lighter and morerationalized organization structure andresults in fewer administrative andcompliance costs.
e)	In case of Cash consideration -amountor otherwise share exchange ration	None, as the Wholly Owned Subsidiarycompany has been merged with itsParent Company
f)	Brief details of change in shareholdingpattern (if any) of Listed Entity	None

Annexure - II

Transaction - 1 (b)

S.No	Particulars	Details of entities forming part ofmerger
a)	Details in brief such as size, turnover etc	Name of the entity: TAKE DataworksInc, USA merging into TAKE InnovationsInc, USA
	Turnover as on March 31, 2018	USO 39.14 mn
b)	Whether the merger would fall withinrelated party transaction(s) and whetherthe promoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired?	Not a Related Party Transaction
c)	Area of Business of the entities	Life Sciences
d)	Rationale for amalgamation / merger	The merger enables a lighter and morerationalized organization structure andresults in fewer administrative andcompliance costs.
e)	In case of Cash consideration -amount orotherwise share exchange ration	None, as the Wholly Owned Subsidiarycompany has been merged with itsParent Company
f)	Brief details of change in shareholdingpattern (if any) of Listed Entity	None

Annexure - Ill

Transaction -1 (c)

S.No	Particulars	Details of entities forming part ofmerger
a)	Details in brief such as size, turnover etc	Name of the entity: TAKE Synergies Inc,USA merging into TAKE Innovations Inc,USA
	Turnover as on March 31, 2018	USD 40.77 mn
b)	Whether the merger would fall withinrelated party transaction(s) and whetherthe promoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired?	Not a Related Party Transaction
c)	Area of Business of the entities	Life Sciences
d)	Rationale for amalgamation/ merger	The merger enables a lighter and morerationalized organization structure andresults in fewer administrative andcompliance costs.
e)	In case of Cash consideration -amount orotherwise share exchange ration	None, as the Wholly Owned Subsidiarycompany has been merged with itsParent Company
f)	Brief details of change in shareholdingpattern (if any) of Listed Entity	None

Annexure - IV

Transaction 2

S.No	Particulars	Details of entity forming part ofmerger
a)	Details in brief such as size, turnover etc	Nameoftheentity:NavitasLifeSciences Inc merging into Navitas Inc,USA
	Turnover as on March 31, 2018	USD 4.21 mn
b)	Whether the merger would fall withinrelated party transaction(s) and whetherthe promoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired?	Not a Related Party Transaction
c)	Area of Business of the entities	Life Sciences
d)	Rationale for amalgamation / merger	The merger enables a lighter and morerationalized organization structure andresults in fewer administrative costs.
e)	In case of Cash consideration -amount orotherwise share exchange ration	None, as both the merged entities aresubsidiary of same parent Company
f)	Brief details of change in shareholdingpattern (if any) of Listed Entity	None