Kernex Microsystems (India) Ltd. — Board/Management Information 2019

Apr 16, 2019

KERNEX MICROSYSTEMS LTD.

(An ISO 9001 : 2008 Certified Company)

Tol : +91 90300 17501 +9190300 17502 e-mail: kemex@kemex.in website : www.kernex.in

CIN : L30007TGl991PLC013211

Registered Office; 'TECHNOPOllS', Plot No. 38(Part) to 41. Hardware Technology Park, TSIIC Layout, Imarath Kanch, Raviryal (V), Maheswaram (M), RR (DisI.), Hyderabad - 500 005. Tolangana. India.

KMIL OC:2018-1 9'007 Dated: 16th April'19.

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The Listing I Compliance Department	: The Listing I Compliance Department
Bombay Stock Exchange Limited	: National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers	~ Plot NO.C/1 , G Block, Exchange Plaza
Dalal Street	: Sandra -Kurla Complex, Sandra (E)
Mumbai -400 001	: Mumbai -400051
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Sub: Outcome of Board Meeting held on 16.04.2019.

Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015;

The Board of Directors at their meeting held on 16111April'2019 inter - alia considered and approved the following in terms of Regulation 30 of SEBI (LODR) Regulations, 2015.

• a. To Selll Dispose off the Immovable Property in the Name of Company Pursuant to Section 180(1) (a) of the Companies Act, 2013 subject to the approval of shareholders.
• b. Notice of Postal Ballot to Sell! Dispose off the Immovable Property in the Name of Company.
• c. Appointment of Scrutinizer and Service Provider for E·voting for the ensuing Postal Ballot.
• d. Joint Venture agreement with Mis. Vasistha Constructions Private Limited., as detailed in Annexure·1

The meeting of the Board of Directors commenced at 3.00 P. M. and ended on 6:30 P.M.

Kindly take the above information on record and acknowledge.

Thanking you, Yours faithfully, For Kernex Microsystems (In,.> Limited

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'a~~ ri Narayana RaJU Manthena Whole Time Director DIN: 07993925

K Satyanarayana Raju Chief Executive Officer

Annexure -1

As per SEBI Circular No. C IR/CFD/CMD/4/2015 dated September 09, 2015 towards joint venture agreement

Name(s) of parties with whom the agreement is entered;	Vasistha Constructions PrivateLimited
Purpose of entering into the agreement;	For execution the TeAS Projectagainst South Central Railway'sapplicationtendernO.C.SG.P.T.TCAS/2018-19dated 08.03.2019
Shareholding , if any, in the entity with whom theagreement is executed;	Microsystems80%Kenrexlimited()ndia)and20%Vasistha Constructions Privatelimited in the Proposed JointVenture
Significant terms of the agreement (in brief) special rightssharelikerighttoappointdirectors,firstrighttosubscription in case of issuance of shares, right to restrictany change in capital structure etc.;	No
Whether, the said parties are related to promoter/promotergroupJ group companies in any manner. If yes, nature ofrelationship;	No
Whether the transaction would fall within related partytransactions? If yes, whether the same is done at "armslength";	No
in case of issuance of shares to the parties, details ofissue price. class of shares issued;	Microsystems(India)Kenrexlimited is not issuing any sharesthe Vasistha ConstructionstoPrivate limited.
any other disClosures related to such agreements, vizdetails of nominee on the board of directors of the listedentity, potential conflict of interest arising out of suchagreements, etc;	Vasistha Constructions Privatelimited was not insisted abouttheofappointmentNomineeDirectors.
in case of termination or amendment of agreement, listedentityshalldiscloseadditionaldetailstothestockexchange(s):a) name of parties to the agreement;b) nature of the agreement;c) date of execution of the agreement;	Not Applicable
d) details of amendment and impact thereof or reasons oftermination and impact thereof.

For Kernex Microsystems (India) Li7 ted

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a~ arayana Raju ?,anthena . K Satyanarayan Raju Whole Time Director Chief Executive Officer DIN: 07993925