Edvenswa Enterprises Limited — M&A Activity 2021

Dec 9, 2021

06-December-2021

To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001

Dear Sir,

Sub: Open Offer for acquisition of 24,90,751 (Twenty Four Lakh Ninety Thousand Seven Hundred Fifty One Only) full aid up equity shares of Rs.10/- each from equity shareholders of KLK Electrical Limited hereinafter referred to as "Target Company" or "KLK") by Sreenivasa Sreekanth Uppuluri, Yerradoddi Ramesh Reddy and Edvenswa Tech Private Limited (hereinafter referred to as "Acquirers") pursuant to and in accordance with Regulations 3(1) and 4 of the SEBI SAST Regulations, 2011.

Re: Constitution of Independent directors committee for the Open Offer

The Board of Directors of our Company vide resolution passed on 6" December, 2021 by way of circulation has constituted a committee of independent directors comprising of Mr. Abbina Naveen Kumar, Mrs. Sujata Jonnavittula and Mr. Durgaprasada Rao Macharla to provide reasoned recommendations on the captioned open offer.

Further, as required under Regulation 26(7) of SEBI (SAST) Regulations, 2011 we shall publish the reasoned recommendations of the committee of independent directors on the open offer to the shareholders at least two working days before the commencement of the tendering period, in the same newspapers where the detailed public statement of the open offer was published, and simultaneously, we shall send a copy to

• (1) Securities and Exchange Board of India, Mumbai;
• (ii) | Finshore Management Services Ltd
• (iii) to your good office.

Thanking you,

Yours Sincerely, For JQUK Electrical Limited '

" ot R. Rai Kumar Rao

Director 06432101