Zensar Technologies: Press release

Date: April 23, 2022

BSE limited

The National Stock Exchange of India Ltd.

Corporate Services Department,

Place de la Bourse, 3rd stage,

1st Floor, PJ towers,

Plot n° C/1, block ‘G’,

Dalal Street,

Bandra Kurla Complex, Bandra (E),

Bombay 400,001

Bombay 400,051

Fax: (022) 2272 2039/2272 3121

Fax: (022) 26598237/26598238

Certificate ID: ZENSARTECH


Certificate code: 504067

Series: equalizer

Under:Recommendation for appointment of CFO and Key Management Personnel (KMP)

Dear Sir Madam,

The purpose of this letter is to inform you that the Nomination and Remuneration Committee, during its meeting of April 23, 2022, recommended the appointment of Mr. Sachin Zute, as Chief Financial Officer and KMP (“CFO-Designate”) ) of the society.

Said appointment is subject to the review/approval of the audit committee and the board of directors of the Company, at the following meeting(s) scheduled for May 9 and 10, 2022, respectively.

Relevant particulars in the format prescribed under Bylaw 30 and Part A of the Listing Bylaw, read together with the SEBI Circular dated September 9, 2015, must be submitted following the aforementioned Board approval.

This is for your information.

Thank you,

Yours faithfully,

For Zensar Technologies Limited,

Gaurav Tongia

Company Secretary

PJ: press release

Zensar Announces Appointment of Sachin Zute as Chief Financial Officer Designate

Pune, India, April 23, 2022: Zensar,a leading experience engineering and technology solutions company, today announced the appointment of Sachin Zute as Chief Financial Officer Designate. He will be based at the company’s headquarters in Pune, India.

“We are delighted to welcome Sachin to the Zensar family,” said Ajay S. Bhutoria, CEO and Managing Director of Zensar “He brings a wealth of experience in key finance functions across the tech industry, which will help accelerate our growth journey. His proven excellence in bringing a digital-first mindset to finance will aligns with our mission to enable the digital transformation of our customers.”

Prior to joining Zensar, Sachin served as Vice President of Finance and Head of Corporate Finance – Industry Segments, M&A and Treasury at Infosys. In these roles, he played a key role in structuring and supporting several major transactions, which helped Infosys achieve industry-leading growth over the past few years. He also led the digitization of the company’s global treasury operations.

“Over the years, Zensar has carved a niche in the IT services industry and established itself as an agile and innovative company that helps its global customer base achieve their business goals through digital services and solutions,” said declared sachin zute. I look forward to using my industry experience to create value for the company and all of its stakeholders.”

Sachin has spent over two decades in various industries including banking, IT services and consulting. He played a central role in the treasury; Mergers and Acquisitions; corporate finance; and Corporate Finance; and brings considerable industry expertise in foreign exchange and investment risk management, structuring large and complex transactions, capital allocation, acquisitions and investment. Sachin holds a Masters in Management Studies specializing in Finance from Mumbai University and a Certification in Innovation and Entrepreneurship from Stanford University.

About Zensar (www.zensar.com)

We conceptualize, build and manage digital products through experience design, data engineering and advanced analytics for over 130 leading companies. Our solutions are built on industry-leading platforms and help clients be competitive, agile and disruptive as they navigate transformational change at speed. Headquartered in Pune, India, our more than 10,000 associates work across 33 locations, including San Jose, Seattle, Princeton, Cape Town, London, Singapore and Mexico City.

Follow Zensar via:

Zensar Blog: http://www.zensar.com/blogs Twitter: https://twitter.com/Zensar

LinkedIn: https://www.linkedin.com/company/zensar-technologies Facebook: https://www.facebook.com/Zensar

Check out our new website at: www.zensar.com

About RPG Companies (www.rpggroup.com)

RPG Enterprises, established in 1979, is one of India’s fastest growing business groups. The group has a turnover of US$4 billion and various business interests in infrastructure, tires, pharmaceuticals, IT and specialty industries.

For any questions, please contact:

Media Contact

Aradhana Prabhu Public Relations Zensar Technologies[email protected]

Safe Harbor

Certain statements contained in this release regarding our future prospects are forward-looking statements that involve a number of identified/unidentified underlying risks and uncertainties that could cause actual results to differ materially. This release and other written and oral statements we make from time to time contain forward-looking statements that define expected results based on management’s plans and assumptions. However, these are subject to risks and uncertainties, including, but not limited to, our ability to manage growth; earnings/exchange rate fluctuations; intense competition in IT services, including factors affecting cost advantage; salary increases; ability to attract and retain highly qualified professionals; time and cost overruns on fixed-price, fixed-term or other contracts; customer concentration; immigration restrictions; our ability to manage international operations; reduced demand for technology in our service offerings; disruptions to telecommunications networks; our ability to complete and integrate acquisitions; liability for damages on our service contracts; governmental measures in India and in the countries where our customers operate; removal of government tax incentives; economic downturn in India and/or globally; political instability; legal restrictions on raising capital or acquiring companies; and unauthorized use of intellectual property and general economic conditions affecting the industry.

In addition to the foregoing, global pandemics such as COVID-19 may pose unforeseen, unprecedented, indeterminable and constantly evolving risk(s), among others, to us, our customers, our delivery models, our suppliers, our partners, our employees, worldwide operations, and may also impact the success of the businesses in which we have made strategic investments, the demand for the Company’s offerings and the onshore-offshore-nearshore delivery model. The results of these assumptions based on available internal and external information serve as the basis for determining the book values ​​of certain assets and liabilities. Since the factors underlying these assumptions are likely to change over time, the estimates on which they are based are also likely to change accordingly. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

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