Vakrangee Limited — Regulatory Filings 2021

Mar 24, 2021

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March 24, 2021

To,	To,
BSE Limited	Corporate Relationship Department
P.J. Towers,	National Stock Exchange Limited
Dalal Street, Fort,	Exchange plaza, Band ra Kurla complex,
M umbai - 400 001.	Bandra (E)
	M um bai 400051.

Sub: Press Release titled "RBI RENEWS THE AUTHORIZATION ISSUED TO VAKRANGEE FOR WHITE LABEL ATMS."

Dear Sir,

With reference to the abovementioned subject and pursuant to Regulation 30 of SEBI (Li st ing Obligations and Disclosure Req uire ments) Regulations, 2015, please find attached herewi.th Press Release titled "RBI RENEWS THE AUTHORIZATION ISSUED TO VAKRANGEE FOR WHITE LABEL ATMS".

This is for your info rmation and record.

Thanking you,

Yours Faithfu lly,

For Vakrangee Limited

Jay Bhansali Company Secretary (Mem. No.: A482S1)

PRESS RELEASE VAKRANGEE LIMITED

RBI RENEWS THE AUTHORIZATION ISSUED TO VAKRANGEE FOR WHITE LABEL ATMS

Mumbai, March 24, 2021: The Reserve Bank of India (RBI) has provided the Renewal of Authorization for Vakrangee Limited. RBI has extended the validity of Authorization issued to Vakrangee Limited to setup, own and operate the White Label ATMs (WLA) in India. The validity has been extended till March 31, 2022.

RBI had assigned a target of minimum 1,000 ATMs to be deployed by Vakrangee for every calendar year starting 2020 for an initial period of three years. We are proud to announce that we have achieved this target for calendar year 2020 and are all set to continue expansion of our White Label ATMs in Vakrangee Kendras. The ATMs deployed shall be in the ratio of 1:2:3 for Metro & Urban, Semi-Urban and Rural regions respectively.

Commenting on this renewal, Mr Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd said, "We are happy to announce Renewal of Authorization of our White Label ATMs Business by RBI. ATM is one of the key services offered in our Nextgen Vakrangee Kendra Business Model and it gives confidence to our customers especially in Rural and Semi Urban centres."

Vakrangee currently has more than 10,000+ Operational Vakrangee Kendra Outlets and 70% of these outlets are in Tier 5 and 6 locations. Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Financial Services, Assisted e-Commerce, e-Governance and logistics.

This Nextgen model also embodies technological advancements such as mandatory ATMs that enable the ease of financial transactions; centralized monitoring with the help of CCTV Cameras which would provide remote assistance to the pan-India Kendras, digital advertising through digital signage for brand partners, along with biometric and pin pad devices to enable all kind of payments mechanisms.

About Vakrangee Limited (BSE Code: 511431; NSE Code: VAKRANGEE)

Incorporated in 1990, Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail outlets to deliver real-time BFSI, ATM, e-commerce and logistics services to the unserved rural, semi-urban and urban markets. The Assisted Digital Convenience stores are called as "Vakrangee Kendra" which acts as the "One-stop shop" for availing various services and products.

For further information, please contact at:

Email: investor@vakrangee.in