ACUSENSUS LIMITED. — Major Shareholding Notification 2024

Dec 12, 2024

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Acusensus Limited

ACN/ARSN 625 231 941

1. Details of substantial holder(1)

Name Ador Powertron Limited ACN/ARSN (if applicable) There was a change in the interests of the substantial holder on 9/12/2024 The previous notice was given to the company on 16/01/2023 The previous notice was dated 16/01/2023

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Presentnotice	Presentnotice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Shares, fully paid	4,201,479 (21,007,395 following share split, which completed in August 2023).1	16.73%	19,340,728	14.05%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Natureof change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
9/12/2024	Ador Powertron Limited	Sale of fully paid ordinary shares2	$0.90 per fully paid ordinary shares	Fully paid ordinaryshares	1,666,667

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevant interest	Registered holder of securities	Person entitled to be registeredas holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Ador Powertron Limited	Ador Powertron Limited	Ador Powertron Limited	Direct interest as the holder of the shares, pursuant to s608(1)(a) of the Corporations Act 2001	18,896,968	18,896,968
Ravin Mirchandani	Ravin Mirchandani	Ravin Mirchandani	Direct interest as the holder of the shares, pursuant to s608(1)(a) of the Corporations Act 2001. Ravin Mirchandani is an associate of Ador Powertron Limited as a director	443,7601	443,7601

1 On the basis that each existing ordinary shares of the Company have been subdivided into five ordinary shares pursuant to the share split, which took place in August 2023. 2 Pursuant to sell down that occurred as part of the Company’s institutional placement as announced on the ASX on 4 December 2024.

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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Name and ACN/ARSN (if applicable) Nature of association
N/A N/A
6. Addresses
The addresses of persons named in this form are as follows:
Name Address
Ador Powertron Limited Ador Warrior City Campus, Plot No.51, D-II Block, Ramnagar, MIDC, Chinchwad, Pune,
Maharashtra, 411019, India
Ravin Mirchandani House 432, Street 4, Sind Society, Aundh, Pune 411007, India
Signature
print name Ravin Mirchandani capacity Chairman
sign here date 13 / 12 / 2024
DIRECTIONS
(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to
throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the
form.
(2) See the definition of "associate" in section 9 of the Corporations Act 2001.
(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4) The voting shares of a company constitute one class unless divided into separate classes.
(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6) Include details of:
(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any
document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or
arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to
which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom`e
entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be
included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom
the relevant interest was acquired.
(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
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