With reference to intimation and disclosure dated October 19, 2020 and pursuant to Regulation 30 of the SEBI Regulations, as amended from time to time, and other applicable provisions, if any, please find enclosed herewith the Notice of Postal Ballot dated October 19, 2020, along with Explanatory Statement appended thereto ('Notice'), seeking approval of Members by way of Special Resolution(s) for divestment/disposal of equity shares of PSI Holding Group Inc. (step down subsidiary of the Company) held by Zensar Technologies Inc. (wholly owned subsidiary of the Company).