SUDHAKAR RAM Flat No. 3502, 35th Floor, Octavius Building, Hiranandani Garden, , – 400 076

August 10, 2018

To The Company Secretary Majesco Limited MNDC, MBP-P-136, Mahape, – 400 710

Ref: BSE Script Code: 539289 / NSE Symbol: MAJESCO

Sub: Disclosure under Regulations 31 (1) and 31 (2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

With reference to above captioned subject, please find enclosed herewith disclosure in the format as prescribed under Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, in respect of release of 4,80,000 fully paid-up equity shares of face value of Rs. 5/- each held in Majesco Limited, pledged in favour of JM Financial Services Limited.

You are requested to take the same on your record.

Thanking you.

Sudhakar Ram Promoter Majesco Limited

CC:-

Listing Department Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Complex , Fort Bandra (East) Mumbai – 400 001 Mumbai – 400 051

Format for disclosure by the Promoter(s) to the Stock Exchanges and to the Target Company for encumbrance of shares/ invocation of encumbrance/ release of encumbrance, in terms of Regulations 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Name of the Target Company(TC) Majesco Limited Names of the Stock Exchanges where the shares of the target company are BSE Limited & National Stock Exchange of India Limited listed Date of reporting 10-Aug-18 Name of the promoter or PAC on whose shares encumbrance has been Mr. Sudhakar Ram created/released/invoked Details of the release of pledge/encumbrance Name of Promoter holding in Promoter holding Details of events pertaining to encumbrance (3) Post event holding of the the target company (1) already encumbered encumbered shares promoter( (2) {creation[(2)+(3)] / s) or PACs release [(2)-(3)]/ with invocation [(2)-(3)]] him(*) Number % of total Number % of total Type of Date of Type of Reason Number % of total Name of No. of % of total share share event creation/in encumbranc for share the entity shares share capital capital (creation vocation e (pledge/ encumbr capital in whose capital /release/i release of lien/ non ance** favor nvocatio encumbran disposal shares n/) ce undertaking encumber /others) ed*** Mr. 1,931,763 6.85 480,000 1.70 Release 8-Aug-18 Pledge N.A 480,000 1.70 JM - 0.00 Sudhakar Financial Ram Capital Limited Ms. 103,328 0.37 0 0.00 NA NA NA NA NA NA NA - 0.00 Samvitha Ram Mrs. Girija 163,600 0.58 0 0.00 NA NA NA NA NA NA NA - 0.00 Ram

Ram 500,000 1.77 0 0.00 NA NA NA NA NA NA NA - 0.00 Family Trust I

Date 10-Aug-18 Place Mumbai (*) The names of all the promoters, their shareholding in the target company and their pledged shareholding alding(s) omng in t/F1 1100 1 460.99 453.58 Tm 0 g 0 G 417.94 755.52 46.2 re W* n BT312x11l q 1alding(s) omng i i 7MC /P <> BDC q 13.92 417.pec ple all 259.73 prom36.384ers, theieholding in the tace