Kernex Microsystems (India) Ltd. — Capital/Financing Update 2024

Nov 14, 2024

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----- Start of picture text ----- 15 [th] November 2024The Manager Listing Compliances, The Manager Listing DepartmentBSE Limited National Stock Exchange of India LtdPhirozeJeejeebhoy Towers Plot No.C/1, G Block,Exchange PlazaDalal Street, Bandra – KurlaComplex, Bandra (E)Mumbai – 400 001 Mumbai – 400 051BSE Scrip Code: 532686 NSE Symbol: KERNEX----- End of picture text -----

Dear Sir/Madam,

Sub: Grant of 43,000 ESOP to eligible employees.

Ref: Regulations 30 of SEBI (Listing Obligations & Disclosure Requirements Regulations, 2015 and our letter dated 14.11.2024

Pursuant to the authority granted by the Shareholders vide Postal Ballot dated August 23, 2024, we wish to inform you that the Nomination and Remuneration Committee of the Board of Directors at its meeting held on Thursday, 14[th] November 2024, approved the grant of 43,000 Stock Options to the eligible employees of the Company, in terms of Kernex Employees Stock Options Scheme 2023 (‘KMIL ESOS 2023’).

The disclosure as required under Regulation 30 of SEBI LODR read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as “Annexure –A”.

This is for information and records

Thanking you,

Yours Faithfully,

For Kernex Microsystems (India) Limited

Digitally signed by PRASADA PRASADA RAO KALLURI RAO KALLURI Date: 2024.11.15 02:31:53 +05'30'

Prasada Rao K Company Secretary

a) Brief details of options granted:

Grant of 43,000 stock options in terms of KMIL ESOS-2023 to the eligible employees

• b) Whether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (if applicable);

The Employee Stock Option Plans of the Company are formulated and approved by the Shareholders of the Company pursuant to the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ('SEBI SBEBSE').

• c) Total number of shares covered by these options;

43,000 equity shares of Rs. 10/- each of the Company. Each stock option carries the right to apply for and be allotted 1 (one) equity share of face value of Rs. 10/- each of the Company.

d) Pricing Formula;

The exercise price per option is Rs. 25/- only

e) Options vested

Options shall vest on completion of one year from the date of grant

• f) Time within which option may be exercised

The period as may be determined by the Nomination and Remuneration Committee, from time to time, within which the Eligible Employees may Exercise the Vested Options.

• g) Options exercised: Not applicable

• h) Money realized by exercise of options; Not applicable

• i) The total number of shares arising as a result of exercise of option;

At the time of exercise each option can be converted into one equity share. The maximum number of shares arising as a result may be 43,000.

• j) Options Lapsed: Not applicable

• k) variation of terms of options; Not applicable

• l) Brief details of significant terms: Not applicable

• m) Subsequent changes or cancellation or exercise of such options; Not applicable

• n) diluted earnings per share: Not Applicable