Kernex Microsystems (India) Ltd. — Share Issue/Capital Change 2023

Feb 18, 2023

18thFebruary 2023	18thFebruary 2023
	ToThe Listing / Compliance DepartmentBSE LimitedPhiroze Jeejeebhoy TowersDalal StreetMumbai – 400 001	ToThe Listing / Compliance DepartmentNational Stock Exchange of India LtdPlot No.C/1, G Block, Exchange PlazaBandra – KurlaComplex, Bandra (E)Mumbai – 400 051
	BSE Scrip Code: 532686	NSE Symbol: KERNEX

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

We wish to inform you that the Board of Directors has decided to convert fully paid up convertible warrants into equity shares pursuant to exercise of option attached to convertible warrants by the warrant holders & accordingly on 17[th] February 2023, issued and allotted 6,00,000 fully paid-up Equity Shares of the face value of Rs. 10/- each to the below mentioned convertible warrant holder under Non-Promoter category at a price of Rs. 266/- per Equity Share, being the price not less than the price determined in accordance with Chapter V of SEBI (ICDR) Regulations, 2018.

S No	Name of the Allottee	No of Equity Shares Allotted
1	Capgro Private Limited	6,00,000

The above allottee had intimated the Company exercising their rights to convert the convertible warrants into Equity Shares and have paid the full subscription money for issue and allotment of Equity Shares.

The Equity Shares allotted as above shall rank pari-passu in all respect including with respect to dividend with the existing Equity Shares of the Company.

Accordingly, the Issued, Subscribed and Paid-up Equity Share Capital of the Company has increased to Rs. 15,45,94,220/- (Rupees Fifteen Crores Forty Five Lakhs Ninety Four Thousand Two Hundred Twenty only) divided into 1,54,59,422 (One Crore Fifty Four Lakhs Fifty Nine Thousand Four Hundred and Twenty Two) Equity Shares of face value of Rs. 10/- (Rupees Ten only) each with effect from 17[th] February 2023.

The said Equity Shares are going to be listed on BSE Limited and NSE.

Kindly take the above information on record and acknowledge.

Thanking you,

Yours faithfully

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For Kernex Microsystems (India) Limited

Digitally signed by PRASADA PRASADA RAO KALLURI RAO KALLURI Date: 2023.02.18 19:45:39 +05'30'

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Prasada Rao Kalluri Company Secretary