This is to inform you that the Board of Directors of Datamatics Global Services Limited (the Company) at its Meeting held on November 24th 2020 has approved to dispose off the entire stake which is indirectly held by the Company in its Step Down and Material Foreign Subsidiary namely CIGNEX Datamatics Inc. (CIGNEX US) a corporation headquartered in the USA by way of divestment through stock redemption agreement entered into by and between Cignex US and Datamatics Global Technologies Limited Mauritius (DGTL) subject to approval of the shareholders and all concerned statutory and regulatory authorities as may be necessary. This is further to inform that with this transaction the earlier deal with Relevance Lab stands terminated.
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