Krishna Ventures Limited — Capital/Financing Update 2024

Jun 20, 2024

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June 20, 2024

The Manager Listing Department BSE Limited P.J. Towers, Dalal Street, Mumbai – 400001

Name of Scrip: Krishna Ventures Limited Scrip Code: 504392

Dear Sir/Madam,

Ref: Disclosure under regulation 30 of SEBI (LODR) Regulations, 2015

Subject: Disclosure of acquisition/payment to LEEL Electricals Ltd as Going Concern as Whole by the Krishna Ventures Limited (“the Company”) under ordinary course of business.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation of our letter submitted with the BSE Limited on 03.04.2024, we would like to inform you that the Company has processed entire payment for the acquisition of LEEL Electricals Limited with the Liquidator of the M/s. Leel Electricals Limited- As going Concern” as per Terms of LOI and the Company has received “Certificate of Sale” on the same.

The sale of “M/s Leel Electricals Limited – As Going Concern” under Section 32A of the Insolvency and Bankruptcy Board of India (Liquidation Process), 2016 has been approved by Hon’ble NCLT, Allahabad and an order Dated 21.03.2024 has been awarded to our Company.

Kindly consider the above for your necessary information and record.

Thanking you. Yours faithfully,

For Krishna Ventures Limited

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(NEERAJ GUPTA) Managing Director DIN: 07176093

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