Zensar Technologies Ltd. — M&A Activity 2023

Dec 1, 2023

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Date: December 1, 2023

BSE Limited

Corporate Service Department, 01[st] Floor, P. J. Towers, Dalal Street, Mumbai 400 001

The National Stock Exchange of India Ltd.

Exchange Plaza, 03[rd] floor, Plot No. C/1, ‘G’ block, Bandra Kurla Complex, Bandra (E), Mumbai 400 051

Fax: (022) 2272 2039/2272 3121 Scrip ID: ZENSARTECH Symbol: ZENSARTECH Scrip Code: 504067 Series: EQ

Fax: (022) 26598237/26598238

Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015

Dear Sir/Madam,

In terms of inter-alia Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), this is to inform you that the Board of Directors of respective subsidiaries of the Company, on December 1, 2023, approved merger of:

• Foolproof Singapore Pte Ltd, Singapore (Step down Subsidiary) with Zensar Technologies (Singapore) Pte Ltd, Singapore (Wholly owned Subsidiary)

Further details as per Regulation 30 of Listing Regulations and all other applicable provisions, are enclosed herewith as Annexure(s).

This is for your information.

Thanking you,

Yours sincerely,

For Zensar Technologies Limited GAURAV Digitally signed by GAURAV TONGIA TONGIA Date: 2023.12.01 17:25:23 +05'30' (Gaurav Tongia) Company Secretary

Encl.: As above

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CIN: L72200PN1963PLC012621 +(20) 6607 4000, 2700 4000 +(20) 6605 7888

www.zensar.com investor@zensar.com

Zensar Technologies Limited, Zensar Knowledge Park, Plot No. 4, MIDC Kharadi, Off Nagar Road, Pune 411014

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Annexure(s)

Merger of Foolproof Singapore Pte Ltd (Step down Subsidiary) with Zensar Technologies (Singapore) Pte Ltd (Wholly owned Subsidiary)

[Disclosure under sub para 1 of Para A of Part A of Schedule III of SEBI Listing Regulations, 2015]

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Sr Particulars Details
No.
1 Name of the entity(ies) forming part of
the amalgamation/merger, details in Particulars Foolproof Zensar
brief such as, size, turnover etc.; Singapore Pte Technologies
Ltd (Singapore)
Pte Ltd
Registration 200917141Z 199800142Z
No.
Paid up Capital SGD 52,215 SGD 3,00,000
(Equivalent to (Equivalent to
INR 25,01,882 INR 78,02,100
appx.) appx.)
Turnover (as SGD 11,01,286 SGD 4,40,889
on 31 [st] March (Equivalent to (Equivalent to
2023) INR 6,32,43,615 INR 2,58,60,217
appx. appx.
constituting constituting
about 0.13% of about 0.05% of
consolidated consolidated
turnover of the turnover of the
Company) Company)
2 Whether the transaction would fall This transaction is between Step down subsidiary and
within related party transactions? If wholly owned subsidiary of Zensar Technologies Limited.
yes, whether the same is done at
“arm’s length”; Zensar Technologies Limited, Parent Company, per-se, is
not a party to this transaction.
3 Area of business of the entity(ies); IT and ITES
4 Rationale for amalgamation/ merger; a. To enable effective management and unified control
of operations
b. To streamline operations by maintaining a simple
corporate structure
c. To create economies in administrative and
managerial costs by consolidating entities and
operations
5 In case of cash consideration – Cash consideration of GBP 1 from Zensar Technologies
amount or otherwise share exchange (Singapore) Pte. Ltd. to Foolproof Limited.
ratio;
There is no impact on the shareholding of the Parent entity
i.e Zensar Technologies Limited, India, as Foolproof
-
Singapore is a step down subsidiary.
6 Brief details of change in shareholding Not Applicable
pattern (if any) of listed entity
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Zensar Technologies Limited, Zensar Knowledge Park, Plot No. 4, MIDC Kharadi, Off Nagar Road, Pune 411014

www.zensar.com investor@zensar.com

CIN: L72200PN1963PLC012621 +(20) 6607 4000, 2700 4000

+(20) 6605 7888