The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Minerva Ventures Fund

Minerva Ventures Fund The Gardens, Ground Floor, Bagatelle Office Park, Bagatelle, Moka 80832, Mauritius Tel: (230) 460 9701 Format for disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Part-A - Details of the Acquisition Name of the Target Company (TC) KESAR INDIA LIMITED Name(s) of the acquirer and Persons MINERVA VENTURES FUND Acting in Concert (PAC) with the acquirer Whether the acquirer belongs to NO Promoter / Promoter group Name(s) of the Stock Exchange(s) BSE Limited (BSE) where the shares of TC are Listed Details of the acquisition as follows Number % w.r.t.total % w.r.t. total share/voting diluted capital share/voting wherever capital of the applicable (*) TC (**) Before the acquisition under consideration, holding of acquirer along with PACs of: 1,097,200 3.51% 3.51% a) Shares carrying voting rights b) Shares in the nature of 0 0 0 encumbrance (pledge/ lien/ non- disposal undertaking/ others) 0 0 0 c) Voting rights (VR) otherwise than by shares 0 0 0 d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) 1,097,200 3.51% 3.51% e) Total (a+b+c+d) Minerva Ventures Fund The Gardens, Ground Floor, Bagatelle Office Park, Bagatelle, Moka 80832, Mauritius Tel: (230) 460 9701 Details of acquisition a) Shares carrying voting rights 1,178,000 3.77% 3.77% acquired b) VRs acquired otherwise than by 0 0 0 equity shares c) Warrants/convertible securities/any 0 0 0 other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired d) Shares in the nature of 1,178,000 0 0 encumbrance (pledge/ lien/ non- disposal undertaking/ others) 0 3.77% 3.77% e) Total (a+b+c+/-d) After the acquisition, holding of acquirer along with PACs of: a) Shares carrying voting rights 22,75,200 6.9932% 6.9932% b) VRs otherwise than by equity 0 0 0 shares c) Warrants/convertible securities 0 0 0 /any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition d) Shares in the nature of 0 0 0 encumbrance (pledge/ lien/ non- disposal undertaking/ others) e) Total (a+b+c+d) 22,75,200 6.9932% 6.9932% Mode of acquisition (e.g. open market / public issue / rights issue / preferential allotment / inter-se transfer / Open Market encumbrance, etc.) Salient features of the securities acquired including time till redemption, ratio at which it can be converted into 17th August 2026 equity shares, etc. Minerva Ventures Fund The Gardens, Ground Floor, Bagatelle Office Park, Bagatelle, Moka 80832, Mauritius Tel: (230) 460 9701 Date of acquisition of / date of receipt of intimation of allotment of shares / VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC. Equity share capital / total voting capital 3,12,48,505 (Three crore twelve lakh forty-eight of the TC before the said acquisition thousand five hundred five) Equity Shares of Rs.10 (Rupees Ten only) each. Equity share capital/ total voting capital 3,12,48,505 (Three crore twelve lakh forty-eight of the TC after the said acquisition thousand five hundred five) Equity Shares of Rs.10 (Rupees Ten only) each. Total diluted share/voting capital of the 3,12,48,505 (Three crore twelve lakh forty-eight TC after the said acquisition thousand five hundred five) Equity Shares of Rs.10 (Rupees Ten only) each.