Kernex seeks approval to raise borrowing powers and remuneration
Published on: June 30, 2026, 4:14 a.m. | Source: scanx.trade
Kernex Microsystems (India) Ltd has called for a postal ballot to approve seven resolutions, including increasing the borrowing powers of the Board and creating charges on assets. The company reported a net profit of ₹8,062.52 lakh for FY26, up from ₹5,091.71 lakh in the previous year, with gross revenue reaching ₹42,857.52 lakh. Shareholders will also vote on raising remuneration for Whole-Time Directors Mr. M B Narayana Raju and Mr. M Sitarama Raju, and Managing Director Ms. Sreelakshmi Manthena. Additionally, the notice proposes the appointment of Mrs. Parvathi Manthena as a Director and approves a related party transaction for General Manager (Operations) Mr. Alluri Sitarama Raju Manthena. Remote e-voting runs from June 30, 2026, to July 29, 2026.
