In continuation to 3i Infotech Limited's letter dated February 2, 2023 pertaining to outcome of the board meeting giving information regarding approval of the Board of Directors of the Company for incorporation of wholly-owned step-down subsidiary in USA, the company announced that it has received an intimation on March 30, 2023 from NuRe Infotech Solutions Pte. Limited, wholly-owned subsidiary of the Company based in Singapore, that NuRe EdgeTech Inc., its wholly-owned subsidiary has been incorporated in USA on March 28, 2023. This subsidiary is a corporation limited by stock and is a direct wholly-owned subsidiary of "NuRe Infotech Solutions Pte.

Limited".