Zensar Technologies Ltd. — Major Shareholding Notification 2021

Jun 15, 2021

MARINA HOLDCO (FPI) LTD

Registered office: C/o IQ EQ Fund Services (Mauritius) Ltd, 33, Edith Cavell Street, Port Louis, 11324 Telephone: (230) 212 9800 Fax: (230) 212 9833

Dated: June 15, 2021

BSE Limited Department of Corporate Services/ Corporate Relation Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001.

National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1 G Block, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051.

Zensar Technologies Limited

Zensar Knowledge Park, Plot No-4 MIDC, Off Nagar Road, Kharadi, Pune 411 014

Sub: Disclosure in accordance with Regulation 29(2) read with Regulation 29(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Dear Sir / Madam,

Please find enclosed the disclosure in accordance with Regulation 29(2) read with Regulation 29(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in respect of the sale of 25,750,000 full paid equity shares held by Marina Holdco (FPI) Ltd ("Marina"), in Zensar Technologies Limited ("Company") (representing 11.41% of the total equity share capital of the Company).

Consequent to the aforementioned sale, Marina on and from June 14, 2021 continues to hold 25,756,470 full paid up equity shares in the Company (representing 11.41% of the total equity share capital of the Company).

We request you to take this on record and acknowledge receipt of the same.

Thanking you,

Yours faithfully,

For Marina Holdco (FPI) Ltd

Authorized Signatory

Encl: a/a

MARINA HOLDCO (FPI) LTD

Registered office: C/o IQ EQ Fund Services (Mauritius) Ltd, 33, Edith Cavell Street, Port Louis, 11324
Telephone: (230) 212 9800 Fax: (230) 212 9833

Format for disclosures under Regulation 29(2) read with Regulation 29(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Name of the Target Company	Zensar Technologies Limited
Name(s) of the seller and Persons Acting in Concert (PAC) with the seller	Marina Holdco (FPI) Limited
Whether the seller belongs to Promoter/Promoter group	N o
Name(s) of the Stock Exchange(s) where the shares of Target Company are Listed	Limited.		National Stock Exchange of India Limited and BSE
Details of the $\frac{1}{2}$ acquisition $\frac{1}{2}$ disposal as follows	Number	$\%$ w.r.t. total share/voting capital wherever $applicable(*)$	$\%$ w.r.t. total diluted share/voting capital of the Target Company $(**)$
Before the sale under consideration, holding
of: Shares carrying voting rights a)	51,506,470	22.82%	22.82%
Shares in the nature of encumbrance b) (pledge/ lien/ non-disposal undertaking/	$\boldsymbol{0}$	$\mathbf{0}$	$\boldsymbol{0}$
others)
Voting rights (VR) otherwise than by c) shares	0	$\mathbf{0}$	0
Warrants/convertible securities/any other $\rm d)$ instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding in each category)	0	$\boldsymbol{0}$	$\boldsymbol{0}$
			22.82%
Total $(a+b+c+d)$ e) Details of acquisition/sale	51,506,470	22.82%
Shares carrying voting rights acquired/sold a)	257,50,000	11.41%	11.41%
VRs acquired /sold otherwise than by b) shares	0	$\boldsymbol{0}$	$\boldsymbol{0}$
Warrants/convertible securities/any other C) instrument that entitles the acquirer to receive shares carrying voting rights in the Target Company (specify holding in each	$\mathbf{0}$	$\boldsymbol{0}$	$\boldsymbol{0}$
category) acquired/sold Shares encumbered (invoked/released by d) the acquirer)	$\boldsymbol{0}$	$\boldsymbol{0}$	$\boldsymbol{0}$
Total $(a+b+c+/-d)$ e)	257,50,000	11.41%	11.41%

MARINA HOLDCO (FPI) LTD

Registered office: C/o IQ EQ Fund Services (Mauritius) Ltd, 33, Edith Cavell Street, Port Louis, 11324 Telephone: (230) 212 9800 Fax: (230) 212 9833

After the acquisition/sale, holding of:
Shares carrying voting rights a)	25,756,470	11.41%	11.41%
Shares encumbered with the acquirer b)	$\mathbf{0}$	0
VRs otherwise than by shares $\mathbf{c})$	$\mathbf{0}$	$\mathbf{0}$	$\boldsymbol{0}$
Warrants/convertible securities/any other d) instrument that entitles the acquirer to receive shares carrying voting rights in the Target Company (specify holding in each category) after acquisition	$\theta$	$\boldsymbol{0}$	0 $\boldsymbol{0}$
Total $(a+b+c+d)$ e)	25,756,470	11.41%	11.41%
Mode of $a$ equisition $\neq$ sale (e.g. open market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc.).	Open Market
Date of acquisition $\neq$ sale of shares $\angle$ VR or date of receipt of intimation of allotment of shares, whichever is applicable	June 14, 2021
Equity share capital / total voting capital of Target Company before the the said acquisition / sale	225,659,775 fully paid up equity shares
Equity share capital/ total voting capital of the Target Company after the said acquisition / sale	225,659,775 fully paid up equity shares
Total diluted share/voting capital of the Target Company after the said sale	225,659,775 fully paid up equity shares

(*) Total share capital/voting capital as per the filing done by the company to the Stock Exchange as on June 15, 2021.

(**) Diluted share/voting capital means the total number of shares in the Target Company assuming full conversion of the outstanding convertible securities/warrants into equity shares of the Target Company.

Signature of the seller / Authorized Signatory

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Place: Mauritius Date: 15^th June 2021