Centum Electronics Ltd — Capital/Financing Update 2022

Aug 12, 2022

To,

Li sting Department	Department of Corporate Services - Listing
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza,	P. J. Towers,
Bandra Kurla Complex,	Dalal Street,
Bandra (East),	Mumbai - 400 001
Mumbai - 400 051

Re: Scrip Symbol: CENTUM/ Scrip Code: 517544

Dear Sir/ Madam,

Sub: Intimation under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

In compliance with Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that the Board of Directors at their Meeting held today, have approved the proposal for further investment in Centum Adetel Group (CAG) SA. With the proposed investment, Centum Electronics Limited (the Company) stake in CAG will increase from the current level of 77.16% to 77.77%.

This is pursuant to the Shareholders' Agreement executed with the Management and Employee Shareholders of Centum Adetel Group, whereby the Management and Employee Shareholders were granted the right to require the Company to purchase all or part of the shares owned by them at the relevant Put Option price specified pursuant to thi s Agreement. Further, the above investment will be done through Centum Electronics UK Limited, a wholly owned subsidiary of the Company, subject to necessary approvals.

For the same disclosure under Regulation 30(6) read with Schedule Ill Part A Para A(l) of the Listing Regulations and the SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015 is attached as Annexure A to this letter.

Kindly take the above on record and acknowledge receipt of the same.

Yours faithfully, For Centum Electronics Limited

lndu HS Company Secretary & Compliance Officer

Encl: as above

SI No.	Particulars	Description
1	Name of the target entity, details in brief such as size, turnover etc;	Name: Centum Adet el Group SA. France Turnover: 52.98 Million as on EUR 31.03.2022 Please note that Centum Adet el Group existing Subsidiary of the an is SA. currently Company where we hold of With 77.16% shareholding. the additional investment, we propose to increase the shareholding upto 77.77%.
2	Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If of interest and yes, nature details thereof and whether the same is done at "arm's length";	No. The transaction will not fall within the ambit of related party transactions.
3	Industry to which the entity being acquired belongs;	Design development and industrialization of embedded electronic systems for different sectors such as transportation, aerospace, medical and energy sectors.
4	of Objects and effects acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	This additional investment is pursuant to the Shareholders' Agreement executed with the Management and Employee Shareholders of Centum Adetel Group, whereby the Management and Employee Shareholders were granted the right to require the Company to purchase all or part of the shares owned by them at the relevant Put Option price pursuant to this Agreement.
5	Brief details of any governmental or regulatory approvals required for the acquisition;	or No governmental regulatory approvals required since the proposed transaction covered under the is Automatic Route as prescribed by the Reserve Bank of India.
6	Indicative time period for completion of the acquisition;	stated above, this additional As investment will be pursuant to the terms of Shareholders' Agreement and the to transaction will be expected be completed within 90 days from the

Centum Electronics Limited # 44, KHB Industrial Area, Yelahanka New Town, Bangalore - 560 106, Karnataka, India Tel +91-(0)80-4143-6000 Fax +91-(0)80-4143-6005 www.centumelectronics.com CIN - L85110KA1993PLC013869

7	Cost of acquisition or the price at which the shares are acquired;	18.9 EUR per share.
8	Nature of consideration - whether cash consideration or share swap and details of the same;	Cash consideration.
9	of shareholding/ control Percentage acquired and/ or number of shares acquired;	0.61%
10	Brief background about the entity acquired in terms of products/line of of business acquired, date incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief).	Not applicable this is not an entity/ new acquisition. It is only the additional investment in the existing subsidiary of t he Company.