Maximaa Systems: Board Meeting-Outcome of Board Meeting

Dear Sir / Madam,

We wish to inform that the Meeting of the Board of Directors of the Company held on Thursday, 17th May, 2018, have transacted the following business:

1.Considered and approved the allotment of 22,50,000 Equity Shares (face value of Rs. 2 /-each) to Non-Promoter Investors on preferential basis in accordance with the SEBI (ICDR) Regulations, 2009.

2.Considered and approved the allotment of 6,25,000 convertible equity warrants to Non-Promoter Investors on preferential basis pursuant to conversion of warrants into equity shares of face value of Rs. 2 /- each in accordance with the SEBI (ICDR) Regulations, 2009.

You are requested to take the above information on record and oblige.

Thanking You,

Yours faithfully,

Maximaa Systems Ltd