This communication serves as an update to the company's previous disclosure dated March 26, 2026, regarding a Proposed Transaction with an existing customer.
The company confirms that all conditions precedent for the Proposed Transaction have been fulfilled as of this update. The License Agreement and other applicable agreements are currently being signed to formalize the transaction.
The Proposed Transaction involves Oracle Financial Services Software Limited and its ultimate holding company, Oracle Corporation, with a global bank headquartered in the USA. The transaction includes:
- Licensing of certain software products to the Customer in perpetuity
- Provision of certain transition services
- Personnel and related aspects
The detailed information required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was previously disclosed in the company's communication dated March 26, 2026. This current filing does not contain additional financial or operational details beyond the confirmation of fulfilled conditions and execution of agreements.
The transaction was subject to fulfillment of conditions precedent on or before May 29, 2026, which have now been met ahead of the deadline.