Key Quantitative Figures

  • Total Warrants Issued: 16,21,000 warrants convertible into equity shares
  • Face Value per Share: ₹5
  • Issue Price per Warrant: ₹566
  • Total Warrant Issue Value: ₹91,74,86,000
  • Upfront Money Received (25%): ₹22,93,71,500
  • Bank Account: HDFC Bank Share Warrant A/c No. 50200124689697

Warrant Allocation Details

| Allottee | Number of Warrants | Consideration Received |

| Mr. Rajendra Mutha | 75,000 | ₹1,06,12,500 |

| Krsnaa Diagnostics (Mumbai) Pvt. Ltd. | 15,46,000 | ₹21,87,59,000 |

| Total | 16,21,000 | ₹22,93,71,500 |

PAN Details of Allottees

  • Mr. Rajendra Mutha: ABAPM0270H
  • Krsnaa Diagnostics (Mumbai) Pvt. Ltd.: AAGCK5323B

Dates of Action

  • Postal Ballot Approval: September 17, 2026
  • Operation Committee Meeting: October 13, 2026
  • Certificate Date: November 03, 2026
  • Submission to Exchanges: November 03, 2026

Parties Involved

  • Statutory Auditors: M/s. Kirtane & Pandit LLP, Chartered Accountants (Firm Registration No: 105215W/W100057)
  • Stock Exchanges: BSE Limited (Scrip Code: 543328) and National Stock Exchange of India Limited (NSE Symbol: KRSNAA)

Audit Procedures Performed

Auditors verified:

  • Intimations of approval from BSE & NSE
  • HDFC Bank Share Warrant Account statements
  • Certified true copy of Postal Ballot resolution dated September 17, 2026
  • Certified true copy of Operation Committee Meeting resolution dated October 13, 2026

Compliance Conclusions

1. Proper documents, bank statements, and records maintained for all money received

2. Consideration received directly from allottees' bank accounts with no circulation of funds or mere book entry passing

3. 25% upfront money for unexercised warrants not adjusted toward remaining 75% allotment money or other allottees

Purpose and Rationale

Preferential allotment of warrants to promoters and promoter group in terms of Regulation 28(1) of ICDR Regulations.

Limitations and Disclaimers

  • Certificate provides limited assurance, not a full audit opinion
  • Issued specifically for submission to BSE and NSE only
  • Liability restricted to intended purpose and recipients