Sansera Engineering Limited

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March 29, 2023

The National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra – Kurla Complex Mumbai 400051

The Department of Corporate Services BSE Limited, P.J. Towers, Dalal Street Mumbai 400001

Scrip Symbol: SANSERA

Scrip Code: 543358

Dear Sir/ Madam

Subject: Outcome of Board meeting regarding a strategic investment in MMRFIC Technology Private Limited

We wish to inform you that the Board of Directors at its meeting held today i.e., March 29, 2023 has approved the definitive agreement for a strategic investment in MMRFIC Technology Private Limited (MMRFIC).

MMRFIC is a Research, Design and Manufacturing entity, building sub-systems for next generation Radars by leveraging machine learning with artificial intelligence and, mm-Wave Sensors with hybrid beam forming capabilities.

The objective of the company behind this strategic investment is mainly to:

(i) enter into high technology space and have access to a strong R&D and engineering team which can address our priority market segments viz., Defence, Aerospace, Healthcare and Security. It also has the potential in the Telecom (5G) and the Automotive (autonomous driving – subsystems) technologies in future.
(ii) have access to world-class technologies.
(iii) grow this Company to be a significant player in its sectors with a further investment if required.

Copy of disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 is attached herewith as Annexure 1.

Kindly take the same in your record.

Thanking you.

for Sansera Engineering Limited

RAJESH Digitally signed by RAJESH KUMAR MODI KUMAR MODI Date: 2023.03.29 23:04:49 +05'30'

Rajesh Kumar Modi Company Secretary M.No. F5176

(Formerly Sansera Engineering Pvt Ltd)

Reg Off: No. 143/A, Jigani Link Road, Bangalore-560 105, India, Tel: +91 80-27839081/82/83. Fax: +91 80-27839309 E-mail id: [email protected] Website: www.sansera.in CIN: L34103KA1981PLC004542

Annexure 1

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Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015.

Sr. No.	Particulars	Details
a.	Name of the target entity, details in brief such as size, turnover etc.	Name: MMRFIC Technology Private Limited CIN: U72200KA2014PTC077359 Details as on March 31, 2022 (Audited): a) Turnover: INR 7.38 Cr b) PAT: INR 0.49 Cr c) Networth: INR 4.42 Cr
b.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	No.
c.	Industry to which the entity being acquired belongs	Next generation Radars by leveraging machine learning with artificial intelligence.
d.	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	This is a strategic investment. The objective of the company, the target entity and the promoters of the target entity are to: (i) enter into high technology space and have access to a strong R&D and engineering team which can address our priority market segments viz., Defence, Aerospace, Healthcare and Security. It also has the potential in the Telecom (5G) and the Automotive (autonomous driving – subsystems) technologies in future. (ii) have access to world-class technologies. (iii) grow this Company to be a significant player in its sectors with a further investment if required.
e.	Brief details of any governmental or regulatory approvals required for the acquisition	N.A.
f.	Indicative time period for completion of the acquisition	Upto 6 months to complete the investment.