Krishna Ventures Limited — Capital/Financing Update 2022

Sep 13, 2022

KRISHNA

CREATING FOUNDATIONS

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  V E N T U R E S

September 13, 2022

The Listing Department BSE Limited Phirozee Jeejeebhoy Towers Dalal Street, 25th Floor Mumbai – 400 001

Dear Sir/Madam,

Sub.: Outcome of the Board Meeting held today i.e. September 13, 2022.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, we wish to inform you that the Board of Directors of the Company at its meeting held on Tuesday, September 13, 2022 at 3:00 P.M., inter alia, has discussed, considered and approved the following:

1. Total Capex, on establishing its Plant of HVAC and Sheet Metal at Plot No. 57, Ecotech XII, Greater Noida that is excepted to commence the commercial production from 3rd Quarter of 2022, which is estimated to Rs. 10 Crore in First Phase which will be financed partly through internal sources/ Debt.

2. The Company had participated in a Tender from Ordinance Factory Medak Hyderabad for Turret Pneumatic Equipment and has technically qualified as the lowest financial bidder. This is the Trial order and the total annual revenue expected will be approx Rs. 30 Crores from the HVAC/Sheet Metal Business.

Kindly take the above information on records.

The meeting commenced at 3:00 P.M and concluded at 3:30 P.M.

Thanking You, Yours Faithfully,

For Krishna Ventures Limited

Neeraj Gupta

Digitally signed by Neeraj Gupta Date: 2022.09.13 15:43:02 +05'30'

(NEERAJ GUPTA)

Managing Director

DIN: 07176093

Krishna Ventures Ltd.: Corporate Centre. 7th Floor, Andheri Kurla Road, Andheri (East). Mumbai- 400 059. CIN: L45400MH1981PLC025151 T: +91 22 2826 9568 I 69, 6189 8000 F: +91 22 6189 8099 E: corporate@krishnaventures.com http://www.krishnaventures.info