Rexnord Electronics and Controls Limited wish to inform you that the Board of Directors of the Company at its meeting held today i.e., Thursday, April 13, 2023 has considered and approved the following: 1. Subject to the approval of the members in the Extra-Ordinary General Meeting and appropriate authorities, Issuance of upto 21,00,000 (Twenty One Lakh) Convertible Warrants carrying an entitlement to subscribe to an equivalent number of equity shares of face value of Rs. 10/- each at a price of Rs. 109/- each [Rupees One Hundred and Nine Only] (including premium of Rs. 99/- each [Rupees Ninety Nine Only]) or at a price being not lower than the minimum price determined in accordance with the Regulations for Preferential Issue contained in Chapter V of SEBI (ICDR) Regulations, 2018 as amended, whichever is higher, on a preferential basis to the Promoter/Promoter Group and Non-Promoter as per details provided under Annexure - 1. and other matters as per the letter attached.