Q auess

DELIVERING GROWTH

November 4, 2019

Department of Corporate Services, Department of Corporate Services, BSE Limited, National Stock Exchange of India Limited pt Floor, New Trading Ring, Exchange Plaza, Rotunda Building, PJ Towers, Dalal Street, Sandra- Kundra Complex,

Mumbai - 400 001 Sandra (East), Mumbai -400 001

- Security Code 539978 NSE Symbol - QUESS

Dear Sir/Madam,

Sub: Newspaper Advertisement under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ref: Financial Results for the quarter ended September 30, 2019

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing an extract of newspaper advertisement published in Business Standard, English Newspaper and Hosa Digantha, Kannada Newspaper on November 1, 2019.

The same will be made available on the Company's website.

We request you to take the same on record.

Thanking you.

Yours faithfully,

For Quess Corp Limited \¥ Kundan K Lal Company Secretary & Compliance Officer

Quess Corp Limited Quess House, 3/3/2, Bellandur Gate, Sarjapur Road, Bengaluru-560103, Karnataka, India Tel: +91 80 6105 6001 I [email protected] I CIN No L74140KA2007PLC043909

www.quesscorp.com MUMBAI | FRIDAY, 1 NOVEMBER 2019 13 > dk;kZy;]dk;Zikyddk;kZy;]dk;Zikyd vvfHk;Urk]fHk;Urk] yy?kq?kq fflapkbZlapkbZ iize.My]ze.My] ffleMsxkleMsxk [email protected]@nic.in 'kqf)'kqf) ii== bl dk;kZy; ds i=kad%& 977 fnukad%& 15-10-2019 }kjk vkeaf=r bZ&fufonk vkea=.k lwpuk la[;k%&WRD /MID SIMDEGA F2-04/2019&20 ,oa 'kqf) i= la[;k&984 fnukad%&18-10-2019 Renovation of Labdera M.I.Scheme Block-Kurdeg tks fofHkUu lekpkj i=kas esa izdkf'r fd;k x;k ftldk P.R.No:- 219935 & 220283 (Minor Irrigation)2019-20 dks vifjgk;Z dkj.ko'k fuEukafdr #i ls la'kksf/kr fd;k tkrk gSA dzekad Description iwoZ dh fu/kkZfjr frfFk la'kksf/kr frfFk 4 Date of Publication of Tender on website 24-10-2019 (2:00PM.) 20-11-2019 (2:00PM.) 5 Last date/Time for submission of Bids 30-10-2019 (up to 5:00 PM.) 27-11-2019 (up to 5:00 PM.) Last date for receipt of bids Fee, Security 6 31-10-2019 (up to 4:00PM) 28-11-2019 (up to 4:00PM) and other documents. 7 Date of opening of e-tender 01-11-2019( 2:00 PM.) 29-11-2019(2:00 PM.) fufonk dh vU; 'krsZa iwoZor~ jgsxhA foLr`r tkudkjh gsrq csolkbZV www.jharkhandtenders.gov.in. ,oa dk;kZy; ds lwpuk iV~V ij ns[kk tk ldrk gSA ddk;Zikydk;Zikyd vvfHk;ark]fHk;ark] P.R. 221221 Minor Irrigation(19-20):D y?kqy?kq fflapkbZlapkbZ iize.My]ze.My] ffleMsxkAleMsxkA

OFFICE:OFFICE: ADDITIONALADDITIONAL PRINCIPPRINCIPALAL CHIEFCHIEF CONSERVATCONSERVATOROR OFOF FOREST,FOREST, CAMPCAMPA,A, JHARKHAND,JHARKHAND, RANCHIRANCHI RFP No. 03/2019 Notice inviting RFP for Selection of Agency for Third Party Evaluation of works done BusinessStandard under Compensatory Afforestation Fund Management and Planning Authority MUMBAI EDITION (CAMPA) in Jharkhand Printed and Published by Sangita Kheora Sealed RFP (Request for Proposal) is invited for selection of Agency for Third Party Evaluation of on behalf of Business Standard Private works done under Compensatory Afforestation Fund Management and Planning Authority (CAMPA) in Limited and Printed at M/s. Dangat Media Jharkhand. The salient features of the assignment, eligibility criteria and instructions on bidding process Private Limited, 22 Digha M.I.D.C., TTC and other details are available in the RFP document uploaded on the website of Forest Department, Industrial Area, Vishnu Nagar, Digha, Navi Jharkhand at: http://forest.jharkhand.gov.in Mumbai, 400708 and M/s. Nai Dunia Interested applicants are requested to submit their complete proposals (technical and financial) 23/4, 23/5, Sector-D, Industrial Area, J.K. comprising the documents and forms as specified in the RFP. The proposal needs to be submitted in a sealed Road, Near Minal Residency, Bhopal envelope through registered post/speed post/courier service or by hand superscribing RFP No: 03/2019, (M.P.)-462023. & Published at “Selection of Agency for Third Party Evaluation of works done under Compensatory Afforestation H/4 & I/3, Building H, Paragon Centre, Opp. Fund Management and Planning Authority (CAMPA) in Jharkhand” on top of the envelope at the Birla Centurion, P.B.Marg, Worli, Mumbai- 400013 submission address outlined below on or before 21st November, 2019, 13:00 hrs. Editor : Shyamal Majumdar The sealed envelope of RFP superscribed “Proposal for Selection of Agency for Third Party Monitoring and Evaluation of works undertaken under Compensatory Afforestation Fund RNI NO: 66308/1996 Management and Planning Authority (CAMPA) in Jharkhand”shall contain two separate sealed Readers should write their feedback at envelopes: (a) the sealed envelope containing Technical Proposal along with all supporting documents, and [email protected] (b) the second sealed envelope containing only the Financial Bid in the prescribed format. Fax : +91-11-23720201 Critical Datasheet For Subscription and Circulation th enquiries please contact: Date and time for pre-bid conference 13 November, 2019, 11: 00 hrs Ms. Mansi Singh Last date and time for submission of complete proposal 21stNovember, 2019, 13:00 hrs Head-Customer Relations st Business Standard Private Limited. Date and time for opening of opening of Technical Proposal 21 November, 2019, 15:00 hrs H/4 & I/3, Building H,Paragon Centre, Opp. Date and time for presentation by the Team Leader To be communicated later on Birla Centurion, P.B.Marg, Worli, Date and time for opening of Financial Proposal To be communicated later on Mumbai - 400013 E-mail: [email protected] The proposal must be addressed to: Additional Principal Chief Conservator of Forest, CAMPA, Department of Forest, Environment and Climate Change Department, Van Bhawan, “or sms, SUB BS to 57007” 6 Doranda, Ranchi-834002, Jharkhand. Sd/- Overseas subscription: GOKAKN T[XTIL[ LIWTto Additional PCCF, CAMPA, (Mumbai Edition Only) Department of Forest, Environment and Climate One year subscription rate by air mail Change Department, Jharkhand, Ranchi INR 39950 : USD 725 P.R. 221214 Forest, Environment and Climate Changes(19-20):D DISCLAIMER News reports and feature articles in Business Standard seek to present an unbiased pic- ture of developments in the markets, the corporate world and the government. Actual developments can turn out to be different owing to circumstances beyond Business Standard’s control and knowledge. Business Standard does not take any responsibility for investment or business decisions taken by read- ers on the basis of reports and articles published in the newspaper. Readers are expected to form their own judgement. Business Standard does not associate itself with or stand by the contents of any of the advertisements accepted in good faith and published by it. Any claim related to the advertisements should be directed to the advertisers concerned. Unless explicitly stated otherwise, all rights reserved by M/s Business Standard Pvt. Ltd. Any printing, publication, reproduction, transmission or redissem- ination of the contents, in any form or by any means, is prohibited without the prior written con- sent of M/s Business Standard Pvt. Ltd. Any such prohibited and unauthorised act by any person/legal entity shall invite civil and criminal liabilities. No Air Surcharge

QUESS CORP LIMITED CIN: L74140KA2007PLC043909 Registered & Corporate Office: 3/3/2, Bellandur Gate, Sarjapur Main Road, Bengaluru 560 103, Karnataka, India Website: www.quesscorp.com: | Email: [email protected] | Tel: +91 80 6105 6000 | Fax: +91 80 6105 6406

EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2019 (INR in lakhs except per share data)

Quarter ended Half year ended Quarter Ended Particulars 30.09.2019 30.09.2019 30.09.2018 (Unaudited) (Unaudited) (Unaudited) Total income from operations 2,65,025.17 5,04,497.86 2,09,171.14 Net profit for the period (before Tax and Exceptional items) 6,209.13 12,892.59 7,209.79 Net profit for the period before tax (after Exceptional items) 6,209.13 12,892.59 7,209.79 Net profit for the period after tax (after Exceptional items) 6,503.64 12,131.23 6,164.60

Total Comprehensive Income for the period [comprising profit for the period 6,657.49 12,141.29 7,172.52 (after tax) and Other Comprehensive Income (after tax)]

Paid-up Equity Share Capital (Face value of INR 10 per share) 14,685.84 14,685.84 14,608.48 Reserves (excluding Revaluation Reserve) as at Balance Sheet Date 2,71,167.93 2,71,167.93 2,44,529.60 Earnings Per Share (in INR) (Face value of INR 10 per share) (not annualised) (not annualised) (not annualised) Basic 4.15 7.84 4.25 Diluted 4.13 7.80 4.22 Notes: 1. The above is an extract of the detailed Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full Quarterly Financial Results are available on the Stock Exchange websites www.bseindia.com and www.nseindia.com and also on the Company's website www.quesscorp.com.

2. These financial results have been prepared in accordance with Indian Accounting Standards ('IND AS') prescribed under Section 133 of the Companies Act 2013, read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Additional Information on unaudited standalone financial results is as follows: (INR in lakhs)

Quarter ended Half year ended Quarter Ended Particulars 30.09.2019 30.09.2019 30.09.2018 (Unaudited) (Unaudited) (Unaudited) Total income from operations 1,80,559.68 3,42,147.22 1,35,420.66 Net profit for the period before tax 4,453.41 9,664.94 5,432.21 Net profit for the period after tax 5,476.94 10,502.30 5,130.81

4. During the quarter ended 30 June 2019, the Company (“PAC”) through its subsidiary Conneqt Business Solutions Limited (“Acquirer”) has entered into a Share Purchase Agreement (“SPA”) with Mr. Ramamoorthy Jagadish and Mr. Adisheshan Saravanan (“SPA1”) and First Carlyle Ventures Mauritius (“SPA2”) and shareholders of Allsec Technologies Limited (“Target”) to acquire 1,33,11,060 fully paid equity shares. On 17 April 2019, the Acquirer has entered into a SPA with SPA1 to acquire 53,87,155 shares and with SPA2 to acquire 39,61,940 shares. Pursuant to Regulations 3(1) and 4 of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, as amended (“SEBI SAST Regulations”) the Acquirer along with the PAC made a Public Announcement (“PA”) for Open Offer (“Offer”) to the shareholders of the Target Company to acquire up to 39,61,965 fully paid equity shares of INR 10.00 each at a price of INR 320.00 per share, payable in cash. On 3 May 2019 the Draft Letter of Offer was filed with Securities and Exchange Board of India (“SEBI”). The Acquirer and the PAC appointed Axis Capital Limited as the Managers to the Open Offer, in terms of Regulation 12 of the SEBI SAST Regulations. On 3 June 2019, the Acquirer has completed the acquisition of 93,49,095 shares representing 61.35% equity shares of the Target, from SPA1 and SPA2 for a consideration of INR 27,119.71 lakhs and the Target has become a subsidiary of the Company. On 21 June 2019 the Acquirer made the open offer and acquired 18,33,817 shares representing 12.03% equity shares of the Target at a price of INR 320.00 per share amounting to INR 5,876.38 lakhs which was completed on 10 July 2019.

5. The Company through a subcontracting arrangement with its associate, Trimax Smart Infraprojects Private Limited (TSIPL) provides hardware, software, maintenance and technical support to Trimax IT Infrastructure & Services Limited (“Trimax”). The joint venture partner, Trimax, executed an agreement with Smart City Ahmedabad Development Limited (“SCADL”) a government undertaking, in 2017 for supply, installation, commissioning and operation and maintenance for a Pan CIT infrastructure and intelligent command and control centre for the Ahmedabad Smart City (“Project”). As per the Tripartite Agreement between TSIPL, Trimax and Axis Bank (“Escrow Agent”), amounts recoverable from SCADL will be deposited into an escrow account and 99.00% of the money received will be paid to TSIPL. TSIPL will utilize the proceeds to settle the obligation of the Company. On 21 February 2019, the Hon’ble National Company Law Tribunal (“NCLT”), Mumbai Bench ordered the commencement of Corporate Insolvency Resolution Process (CIRP) for Trimax based on a petition filed by Corporation Bank which had declared Trimax as an NPA on 31 March 2018. During the quarter ended 30 September 2019, SCADL has remitted INR 766.96 lakhs to the Escrow account of Trimax. TSIPL requested the Resolution Professional (‘RP’) of Trimax to release 99.00% of INR 766.96 lakhs deposited in the Escrow account. The RP, on the advice of Committee of Creditors (“CoC”) has communicated to the Company that these amounts pertain to Pre-CIRP period but have been received during the CIRP period and hence need to be held in escrow until outcome of the resolution process is known. Subsequent to quarter ended 30 September 2019, the Company, TSIPL and Trimax has entered intoa Settlement cum Share Purchase Agreement (“SSPA”) dated 15 October 2019 with the approval of CoC. SSPA inter-alia provides for (i) Trimax IT’s Agreement with SCADL shall be unconditionally and irrevocably assigned in favor of TSIPL, (ii) TSIPL would be owner of 100.00% of rights to the escrow account (iii) Acquisition of remaining 49.00% stake in TSIPL by Company from Trimax for a purchase consideration of INR 1,300.00 lakhs. In October 2019, SCADL has remitted further INR 1,306.00 lakhs (net of TDS) to Escrow account and a total of INR 2,050.00 lakhs has been transferred from Escrow Account to the TSIPL Bank account and then to Company’s bank account. As at 30 September 2019, the Company had outstanding trade receivables of INR 5,063.25 lakhs, advance receivables of INR 1,230.50 lakhs and loans and interest receivable of INR 11,695.81 lakhs from TSIPL. Place: Bengaluru For and on behalf of the Board Date: October 30, 2019 Ajit Isaac Chairman & Managing Director

QUESS CORP LIMITED ODNOGOS ) CIN: L74140KA2007PLC043909 QUESS Registered & Corporate Office: 3/3/2, Bellandur Gate, Sarjapur Main Road, Bengaluru 560 103, Karnataka, India DTG,WIO, 1 WHOWO® 2019, orievadd BETTER TOGETHER Website: www.quesscorp.com | Email: [email protected] | Tel: +91 80 6105 6000 | Fax: +91 80 6105 6406 88S NS38 TIOLEDBO,’.8.doderPes wea,OL EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30,2019 (INR in lakhs except per share data] Quarter ended Half year ended Quarter Ended Particulars 30.09.2019 30.09.2019 30.09.2018 NAOPE ACWO AOMSON (Unaudited) (Unaudited) (Unaudited)

Total income from operations 2,65,025.17 5,04,497.86 2,09,171.14 Net profit for the period (before Tax and Exceptional items] 6,209.13 12,892.59 7,209.79 WON AOS DIPBdCOD Net profit for the period before tax (after Exceptional items] 6,209.13 12,892.59 7,209.79 Net profit for the period after tax (after Exceptional items) 6,503.64 12,131.23 6,164.60

Anios 30H, sisqyT $ scorersoe eredeoena ot re er sostas wan |r SaySeed weed Gd DNF corinve, Paid-up Equity Share Capital (Face value of INR 10 per share] 14,685.84 14,685.84 14,608.48 COIS B, SHOWN WODATDC SAQODT Reserves (excluding Revaluation Reserve] as at Balance Sheet Date 2,/1,167.93 2,/1,167.93 2,44,929.60 seclone ORI mooens. sede Earnings Per Share [in INR) (Face value of INR 10 per share) (not annualised) (not annualised) [not annualised) maede, ciated“wows0nyTPONADS sexmerehee. © DEY, zAOAS APO Basic 4.15 7.84 4.25 BAF, TYPNCOD BOA snabsc OTD Diluted 4.13 7.80 4.22

COs, BYS Ad6oS, HORS) NTI BOW Notes: MOS RAOFHIF v&.B.TOWDETP 1. The above is an extract of the detailed Quarterly Financial Resultsfiled with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full Quarterly Financial Results are available on the Stock Exchange websites www.bseindia.com and HCP. www.nseindia.com and also on the Company's website www.quesscorp.com. BONES HESS ads Hose3ses

DUIS: TOWANOD ACAS oes 2. These financial results have been prepared in accordance with Indian Accounting Standards (‘IND AS’) prescribed under Section 133 of the Companies Act 2013, read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. LAF, BAVMWOD TOG? WULWA AA’. wos SWCBTONLNBOOD sscidod WWRNLOHS GHOTNPA —BEWADY, TWHOTMOTRICBD DOWD. BYNALEOOT dey Bow Wo0d D.WAOCOODE? DOCFAG, GOOMCWATD. 3. Additional Information on unaudited standalone financial results is as follows: Woahs3SOHE,WOO: 3d,ORDO FDQBOONWCBD DOWD. TOW, CSW BIB NEM, Cod TOODFBWA, AQa (INRin lakhs} 20. TOeaOwT, Wesnoes, Tye woe WOR,BD W.D.DoBssesmogse wor TDCOD Dances DoNWsMWoD Quarter ended Half year ended Quarter Ended WOC305D ert2 weABODY,angmadd a AOA) CBF B.W. Dood, GOAT 22.2). WOBLICDALUDIEDION TOL, SH Particulars 30.09.2019 30.09.2019 30.09.2018 DOWD, sah Bad sessobRy DIORA 600000 2m,eer HOP BODEHE DONS BIW Wes WNBA (Unaudited) (Unaudited) (Unaudited) WLS Ry Boe CABNGOGID. B.D,TOD’, 7OR,3 HOB &SAP CBS ed 3 oy Total income from operations 1,80,559.68 3,42,147.22 1,35,420.66 CWT, WOSsSMOBTTWO Bw GMM RVs, so eseescart 7OG,. .D.29,.EOe snsepA@Ccs, Net profit for the period before tax 4,453.41 9664.94 5,432.21 BERR ANS FBOQ, Aes AQAT. DAYWOTNRE WS ADGFOO DOG BORIS, DMO BWI sew0oqyg QOSB WHOM ATOTSHOD ANesesoad Net profit for the period after tax 5,476.94 10,502.30 5,130.81 BES, NVQ Aes Wew@IIs mBNeodoad TWODS HDWODDARWO Wed Acs ARoZns Aes. SHS gQosD OWS. GO QEAQE WO BS GHONY TODD NBA. 83D BODEOSE 4. During the quarter ended 30 June 2019, the Company (“PAC”) through its subsidiary Conneqt Business Solutions Limited (“Acquirer”) has entered into a Share BONA OWS BIPOWA VOC Woe) DTODISWCW NURI. QOS TOUT". 20. acionn, oes TOWSCIDOT Purchase Agreement (“SPA”) with Mr. Ramamoorthy Jagadish and Mr. Adisheshan Saravanan (“SPA1") and First Carlyle Ventures Mauritius (“SPA2”) and ROADWAY, GHA MoLNAseTD shareholdersof Allsec Technologies Limited (“Target”) to acquire 1,33,11,060 fully paid equity shares. On 17 April 2019, the Acquirer has entered into a SPA with ADRES TPONAS MOOS WBS DWoeseey , Cader sees ED0) (PD, HET SPA1 to acquire 53,87,155 shares and with SPA2 to acquire 39,61,940 shares. Pursuant to Regulations 3(1) and 4 of Securities and Exchange BoardofIndia SOR AF SQ ACPROANVND. SOA WMS ACPA Degesewd TD. DOWAOD, a (Substantial Acquisition of Shares and Takeovers] Regulations 2011, as amended (“SEBI SAST Regulations”) the Acquirer along with the PAC madea Public NOWD. DOSS =DGROR ‘ODS DNA ATR, OFNW wOS BOS QOS MAAZOWO. Announcement(“PA”) for Open Offer (“Offer”) to the shareholdersof the Target Company to acquire up to 39,61,965 fully paid equity shares of INR 10.00 each at a price of INR 320.00 per share, payable in cash. On 3 May 2019 the Draft Letter of Offer was filed with Securities and Exchange Boardof India (“SEBI"}. The Acquirer and the PAC appointed Axis Capital Limited as the Managersto the Open Offer,in terms of Regulation 12 of the SEBI SAST Regulations. On 3 June 2019, the Acquirer has completed the acquisition of 93,49,095 shares representing 61.35% equity shares of the Target, from SPA1 and SPA2for a consideration of INR LOCHWH, wOS 95 MWS, DOS 27,119.71 lakhs and the Target has become a subsidiary of the Company. On 21 June 2019 the Acquirer made the open offer and acquired 18,33,817 shares representing 12.03% equity shares of the Target at a price of INR 320.00 per share amounting to INR 5,876.38 lakhs which was completed on 10 July 2019.

4 SMESIDD: WHODSNGOD BIDS: sxe 5. The Company through a subcontracting arrangement with its associate, Trimax Smart Infraprojects Private Limited (TSIPL) provides hardware, software, az! , ee WAAOAVIIN,S NONBAD Sroxy demons maintenanceand technical support to Trimax IT Infrastructure & Services Limited (“Trimax”}. The joint venture partner, Trimax, executed an agreement with 0009 SOE, Smart City Ahmedabad Development Limited [“SCADL”) a government undertaking, in 2017 for supply, installation, commissioning and operation and gah WEEE Cilla) APeso mass, xOxe0 maintenancefor a Pan CIT infrastructure and intelligent command and control centre for the Ahmedabad SmartCity (“Project”). As per the Tripartite Agreement QLWSIODBT QED BBO AND QOD between TSIPL, Trimax and Axis Bank (“Escrow Agent”), amounts recoverable from SCADL will be deposited into an escrow account and 99.00%of the money dedi VOWS Fes received will be paid to TSIPL. TSIPL will utilize the proceeds to settle the obligation of the Company. On 21 February 2019, the Hon'ble National Company Law 95 DODDS, NO Tribunal (“NCLT”], Mumbai Bench ordered the commencementof Corporate Insolvency Resolution Process (CIRP] for Trimax based on a petition filed by DBO. WPOBWHIOLD AQECODAD. Corporation Bank which had declared Trimax as an NPA on 31 March2018. T\ees®, TOANTES, WOW During the quarter ended 30 September 2019, SCADL has remitted INR 766.96 lakhs to the Escrow account of Trimax. TSIPL requested the Resolution we, 33 WAG MPH) OD WON,WHI Professional (‘RP’) of Trimax to release 99.00% of INR 766.96 lakhs deposited in the Escrow account. The RP, on the advice of Committee of Creditors (“CoC”) 5 er 20. LO0c has communicated to the Companythat these amountspertain to Pre-CIRP period but have been received during the CIRP period and hence need to be held in SNPOWWA— woman TOOTHON, Dower 0.23008 08XQ, WHF NO. escrow until outcomeof the resolution process is known. Subsequent to quarter ended 30 September 2019, the Company, TSIPL and Trimax has entered into a Zoos aeqwss 3-4 28 HOD ANcwoonNsDenoowd, er BO. 29 09, BAA Settlement cum Share Purchase Agreement(“SSPA”) dated 15 October 2019 with the approval of CoC. SSPAinter-alia provides for (i) Trimax IT's Agreement WAFO DEQ, wosowo with SCADL shall be unconditionally and irrevocably assigned in favor of TSIPL,(ii) TSIPL would be owner of 100.00%of rights to the escrow account (iii) HORIBHST SLO WOE DOWVS, NS AQSORATIBYASHD Acquisition of remaining 49.00%stake in TSIPL by Companyfrom Trimax for a purchase consideration of INR 1,300.00 lakhs. LACAT WO. wosodA, 3 AVAGO SNATCH BOSQOHTDSS Howes BAT. In October 2019, SCADL has remitted further INR 1,306.00 lakhs (net of TDS) to Escrow account and a total of INR 2,050.00 lakhs has been transferred from WeyCTIGHHES, SOE,5 emer 29 AOONIY, BOON, euOrns, 13 mane, Escrow Accountto the TSIPL Bank account and then to Company's bank account. As at 30 September 2019, the Company had outstanding trade receivables of INR 5,063.25 lakhs, advance receivables of INR 1,230.50 lakhs and loans and interest receivable of INR 11,695.81 lakhs from TSIPL. ] 22830WO COINMNID)D OW sey Se,Bere, 26 cmarien Wess Se, AFTe, 8 Place: Bengaluru For and on behalf of the Board ew Se, aeEON GO AQANST —2 OB, arne MVSTBOS 19 mare, ane NPWe TOECT® SPATION. Date: October 30, 2019 Ajit Isaac Bows ACOWOS xigedoo) TOWNS, ORDO. Chairman & Managing Director

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