Kernex Microsystems (India) Ltd. — Board/Management Information 2022

Sep 18, 2022

18[th] September 2022

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----- Start of picture text ----- To ToThe Listing / Compliance Department The Listing / Compliance DepartmentBSE Limited National Stock Exchange of India LtdPhiroze Jeejeebhoy Towers Plot No. C/1, G Block, Exchange PlazaDalal Street Bandra – Kurla Complex, Bandra (E)Mumbai – 400 001 Mumbai – 400 051BSE Scrip Code: 532686 NSE Symbol: KERNEX----- End of picture text -----

Sub: Outcome of the Board Meeting

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

Pursuant to Regulation 30 read with Part A of Schedule III, of the Listing Regulations, we hereby inform you that the Board of Directors of the Company at its 213[th] Board Meeting held on 18[th] September 2022, had, inter-alia considered and approved for:

1. Issue of upto 13,65,576 equity shares on preferential basis to the persons who comes under Promoter/Promoters group and Non-Promoters subject to the approval of shareholders, in accordance with the Companies Act, 2013 read with the rules made there under and Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") read with other applicable regulations, if any at a price not being lower than the price determined in accordance with Chapter V of SEBI ICDR Regulations and other applicable regulation, if any

2. Issue of upto 1,59,424 equity shares by conversion of Unsecured Loan to the persons who comes under the category of Promoter Group, on a Preferential basis ("Preferential Issue") subject to the approval of shareholders, in accordance with the Companies Act, 2013 read with the rules made there under and Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") read with other applicable regulations, if any at a price not being lower than the price determined in accordance with Chapter V of SEBI ICDR Regulations and other applicable regulation, if any

3. issue of upto 6,00,000 share warrants convertible into equal number of equity shares on preferential basis to the person who comes under Non-Promoters subject to the approval of shareholders, in accordance with the Companies Act, 2013 read with the rules made there under and Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") read with other applicable regulations, if any at a price not being lower than the price determined in accordance with Chapter V of SEBI ICDR Regulations and other applicable regulation, if any

BADARI Digitally signed by NARAYANA BADARI NARAYANA RAJU MANTHENA RAJU Date: 2022.09.18 MANTHENA 09:40:20 +05'30'

1. Based on the recommendations of the Nomination and Remuneration Committee, Board of Directors has approved the proposal for the appointment of Sri. Narender Kumar (DIN: 03295345), as an Additional Director under Non-Executive category of the Company.

2. Authorizing Sri. M B Narayana Raju, Whole-Time Director and Company Secretary to finalize the respective resolutions so as to include the said resolutions in the Notice of Extra-Ordinary General Meeting being issued to the shareholders and also to do all the needful to obtain shareholders' approval and to make necessary applications to the stock exchanges to obtain necessary approvals in relation to the above-said preferential issue.

Please find enclosed as Annexure 'A', information required to be disclosed pursuant to Regulation 30 of SEB1 LODR read with Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015.

The aforesaid Board Meeting commenced at 08:00 A.M. and concluded at 9:30 A.M.

Kindly take the above information on record and acknowledge.

Thanking you,

Yours faithfully

For Kernex Microsystems (India) Limited

BADARI Digitally signed by NARAYANA BADARI NARAYANA RAJU MANTHENA RAJU Date: 2022.09.18 MANTHENA 09:40:42 +05'30' M B Narayana Raju Whole-Time Director DIN: 07993925

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The details required under the Regulation 30 of listing regulations are read with the SEBI circular no. CIR/CFD/CMD/4/2015 dated September 09, 2015 for appointment of Sri. Narender Kumar as a Director of the Company:

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----- Start of picture text ----- Particulars RemarksReason for change viz. appointment, Appointed Sri. Narender Kumar as an Additional Director underresignation, removal, death or Non-Executive categoryotherwiseDate of appointment/cessation (as 18 [th] September 2022applicable) & term of appointmentBrief profile (in case of appointment); Sri. Narender Kumar, a national swimming champion, completed hisBachelor in Technology with Majors in Computer Science &Engineer from Punjab Engineering College, Chandigarh in 2003.During his degree, he was also awarded Advisor's Gold Medal forall-rounder achievements and performance for the batch of 1999-2003He is an investor and advisor too many startups implementing newage technologies to overcome real life challenges. Existinginvestments include Fintech company helping D2C companies withhigher conversions and reduced RTO, Agritech company using IoT toautomate operations, AI company using ANPR to build nextgeneration Tolling System for the country, Power Sector companywith platform to bring Green Energy to end consumers and an EVstartup building charging infrastructure.In per-UPI days of 2015, he founded a digital payment companyTrupay. To build Trupay, he successfully raised investment frominternational institutional funds. Trupay, a mini-UPI platform, wasthe country's first mobile based application that allows multibanking real time payment solutions in B2B2C ; a Mini-UPI. Duringdemonetisation, he also contributed to the government’s initiativeto expand digital footprints as part of a committee that framedguidelines for current age digital solutions such as now omnipresentUniversal QR code.Disclosure of relationships between Sri. Narender Kumar is not related to any of the directors of thedirectors (in case of appointment of a Company.director).Information as required under Sri. Narender Kumar is not debarred from holding the office of aCircular No. LIST/COMP/14/2018-19 director by virtue of any SEBI order or any other such authority.and NSE/CML/2018/02 datedJune 20, 2018 issued by the BSE andNSE, respectively----- End of picture text -----

BADARI Digitally signed by BADARI NARAYANA NARAYANA RAJU RAJU MANTHENA Date: 2022.09.18 MANTHENA 09:40:55 +05'30'

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