Gennex Laboratories Limited announced private placement of 50,000,000 equity shares of company to non-promoters/ public category of shareholders at an issue price of INR 14.75 per equity share and 15,500,000 share warrants at an issue price of INR 14.75 per warrant on preferential basis resulting in gross proceeds of INR 966,125,000 on December 2, 2023. The warrants are convertible into 1 fully paid-up equity share of the company, having a face value of INR 1 each within a period of 18 months from the date of allotment to the promoters and members of promoter Group of the company on a preferential basis in accordance with the provisions of Chapter V of SEBI ICDR Regulations and other applicable laws and subject to the approval of regulatory/ statutory authorities and the shareholders of the company, as may be applicable. The transaction included participation from returning investor Premier Fiscal Services Pvt.

for warrants. The transaction has been approved by the board of directors of the company.