MKP Mobility Limited — Capital/Financing Update 2022

May 30, 2022

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Date: 30/05/2022

To, Corporate Compliance Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001

Scrip Code – 521244 Sub: Outcome of Board Meeting

Dear Sir/ Madam,

We hereby inform you that the Board of Directors of the Company in its meeting held on today, 30[th] May, 2022 commenced at 3:00 P.M. at its registered office at P B No. 9, Bangalore Road, Challakere, Karnataka – 577522, have inter-alia discussed, considered and approved the following:

1. Allotment of 8,00,000 Equity Shares of Rs. 10/- each on preferential basis to the persons belonging to the Non-Promoter Category at a price of Rs. 15.00 (Rupees Fifteen only) per equity share aggregating to Rs. 1,20,00,000 (Rupees One Crore Twenty Lakhsonly) in accordance with the provision of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time, approval of shareholders at the Extra ordinary General Meeting held on 6[th] May, 2022 and In principle approval accorded by BSE vide its letter dated 18[th] May, 2022.

2. Allotment of 21,50,000 Equity Shares of Rs. 10/- each on preferential basis to the persons belonging to Non-Promoter Category and proposed to be classified as promoter pursuant to Open offer under SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011,at a price of Rs. 15.00 (Rupees Fifteen only) per equity share aggregating to Rs. 3,22,50,000 (Rupees Three Crore Twenty Two Lakhs Fifty Thousands only) in accordance with the provision of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time, approval of shareholders at the Extra ordinary General Meeting held on 6[th] May, 2022 and In principle approval accorded by BSE vide its letter dated 18[th] May, 2022.

This is for your information and record.

Thanking you,

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