Kernex Microsystems (India) Ltd. — Capital/Financing Update 2023

Jan 10, 2023

10[th] January 2023

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To To
The Listing / Compliance Department The Listing / Compliance Department
BSE Limited National Stock Exchange of India Ltd
PhirozeJeejeebhoy Towers Plot No.C/1, G Block,Exchange Plaza
Dalal Street Bandra – KurlaComplex, Bandra (E)
Mumbai – 400 001 Mumbai – 400 051
BSE Scrip Code: 532686 NSE Symbol: KERNEX
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Sub: Intimation of allotment of Equity Shares and Warrants on Preferential Basis under the provisions of SEBI (ICDR) Regulations, 2018.

• i. In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations, 2015'), we wish to inform you that the Board of Directors of the Company has considered and approved today i.e., 10[th] January 2023 pursuant to Shareholders’ Resolution dated 12[th] October 2022 and In-Principle approval received from the BSE Limited and NSE on 26[th] December 2022:-

• a. Allotted 10,59,767 equity shares of Rs. 10/- each at an issue price of Rs. 266/- per share on preferential basis to the below mentioned persons belonging to "Promoters and Non-Promoters" including 1,55,827 shares by way of conversion of unsecured loan into equity

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S No Name of the Allottee No. of equity Category
shares allotted
1 Anji Raju Manthena 5,31,767 Promoter
2 Narasa Raju Mantena 38,000 Promoter
3 Dr. Janardhana Reddy Vinta 40,000 Non-Promoter
4 Raghu Rama Raju Gokaraju 1,00,000 Non-Promoter
5 PenumatsaVenkata Raju 1,00,000 Non-Promoter
6 M R T Signals Limited 2,00,000 Non-Promoter
7 United Infracore Limited 50,000 Non-Promoter
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• b. Allotted 6,00,000 warrants at an issue price of Rs. 266/- per warrant on preferential basis to the below mentioned person belonging to Non-Promoters.

S No	Name of the Allottee	No. of Warrants allotted	Category
1	Capgro Private Limited	6,00,000	Non-Promoter

Pursuant to Shareholders’ Resolution dated 12[th] October 2022 and In-Principle approval received from the BSE Limited and NSE on 26[th] December 2022 the Company has offered in total 13,69,173 shares on preferential basis to the proposed allottees apart from 1,55,827 equity shares by way of conversion of unsecured loan to the promoter and promoter group out of which 9,03,940 shares were subscribed leaving 4,65,233 shares as unsubscribed.

Kindly take the above information on record and acknowledge.

Thanking you, Yours faithfully

For Kernex Microsystems (India) Limited

BADARI Digitally signed by BADARI NARAYANA RAJU NARAYANA RAJU MANTHENA MANTHENA Date: 2023.01.10 20:12:51 +05'30' M B Narayana Raju Whole-Time Director DIN: 07993925

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