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    532628   INE748C01038

3I INFOTECH LIMITED

(532628)
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General Announcement::Allotment of equity shares of the Company pursuant to the Scheme of Arrangement

09/07/2021 | 11:12am EDT

September 7, 2021

Market Control Securities Operations Group

Singapore Exchange Securities Trading Limited

2 Shenton Way

#19-00 SGX Centre 1

Singapore 068804

Dear Sir/Madam,

Announcement

Re: Allotment of 42,136 equity shares of 3i Infotech Limited ("Company") representing fractional entitlements to Trustee pursuant to the Scheme of Arrangement between the Company and its Shareholders ("Scheme")

This is further to our communication dated August 10, 2021, intimating about fixation of Record Date for the purpose of determining the shareholders whose shares will be reduced and consolidated pursuant to the Scheme as approved by Hon'ble National Company Law Tribunal, Mumbai Bench.

As part of the procedures relating to implementation of the Scheme, the Company has allotted 42,136 (Forty Two Thousand One Hundred Thirty Six) equity shares of face value of INR 10/- each to Universal Trusteeship Services Ltd ("Trustee") today in accordance with clause 4.3 of the Scheme. These shares represent the rounded-up aggregate of fractional share entitlements of eligible shareholders arising after reduction and consolidation mentioned under clauses 4.1 and 4.2 of the Scheme ("Trustee Shares").

The Company is in process of making necessary application to the stock exchanges for seeking listing and recommencement of trading approvals for the post-Scheme reduced and consolidated equity shares of the Company, which include the aforesaid Trustee Shares.

Trustee Shares will be sold by the Trustee in the market upon recommencement of trading in equity shares of the Company and net sale proceeds (after deduction of the expenses incurred) shall be paid and distributed by the Trustee to the shareholders/ beneficial owners respectively entitled to the same in proportion to their fractional entitlement.

Resumption of trading in the equity shares of the Company will be announced separately by way of Indian stock exchanges' notices/circulars once all applications to be made to the Indian stock exchanges and corporate actions to be filed with the Indian depositories are duly processed. The Company will also issue an intimation to the stock exchanges for the benefit of all shareholders about trading in the equity shares of the Company having recommenced.

This is for your information and record please.

Yours faithfully,

For 3i Infotech Limited

RAJEEV MADHAV LIMAYE

Digitally signed by RAJEEV MADHAV LIMAYE DN: c=IN, o=Personal, pseudonym=e7dca288d13448f7a4916467421a88b 87078abe8477bd9ae7e75e3b4439d3683, postalCode=400057, st=MAHARASHTRA, serialNumber=8252ebd4c3fa114accd888b35f2f9a8 a0322be287d839ca287a46d78e392550e, cn=RAJEEV MADHAV LIMAYE

Date: 2021.09.07 16:52:00 +05'30'

Rajeev Limaye

Company Secretary

3i Infotech Limited CIN: L67120MH1993PLC074411

T: +91 22 7123 8000 F: +91 22 7123 8310 W: www.3i-infotech.com

Regd Off: Tower # 5, 3rd to 6th Floors, International Infotech Park, Vashi, Navi Mumbai - 400703, India

Disclaimer

3i Infotech Limited published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 15:11:06 UTC.


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Sales 2021 6 322 M 84,6 M 84,6 M
Net income 2021 3 912 M 52,3 M 52,3 M
Net cash 2021 2 123 M 28,4 M 28,4 M
P/E ratio 2021 3,08x
Yield 2021 -
Capitalization 5 885 M 78,5 M 78,7 M
EV / Sales 2020 0,89x
EV / Sales 2021 1,57x
Nbr of Employees -
Free-Float 64,7%
Chart 3I INFOTECH LIMITED
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3i Infotech Limited Technical Analysis Chart | 532628 | INE748C01038 | MarketScreener
Income Statement Evolution
Managers and Directors
Thompson Gnanam Chief Executive Officer, MD & Director
Ashok Kundan Lal Shah Independent Non-Executive Chairman
Rajeev Madhav Limaye Secretary, Head-Legal & Compliance Officer
Zohra Chatterji Independent Non-Executive Director
Ramni Nirula Director
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