KERNEX

KERNEX MICROSYSTEMS (INDIA) LTD. announced a rectification on May 29, 2026, regarding the outcome of its Board Meeting. The Board approved the re-appointment of M/s. Thirupathi & Associates as the Internal Auditors for the Financial Year 2026-27. The company clarified that the earlier reference to them as Cost Auditors should be read as Internal Auditors.

Kernex Microsystems (India) Ltd. announced the Board's approval for a change in designation of Mr. E. B. Rao from Chief Operating Officer (COO) to President - Diversification and New Business Opportunities, effective May 29, 2026. This change is in compliance with Regulation 30 of SEBI LODR Regulations.

The Board of Directors of Kernex Microsystems (India) Ltd., in its meeting on May 29, 2026, approved the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. Additionally, the Board approved the appointment of Mrs. Parvathi Manthena (DIN 11537664) as a Non-Executive Director and the re-appointment of M/s. Thirupathi & Associates and M/s. MPR & Associates as Cost Auditors for FY 2026-27. Mrs. Manthena, a promoter for over 20 years, is expected to add significant value to the Board.

Consolidated Revenue ₹25,457.69 Lakhs vs ₹8,306.96 Lakhs (▲206.45% YoY), EBITDA ₹10,511.69 Lakhs vs ₹1,712.01 Lakhs (▲514.0% YoY), PAT ₹6,825.09 Lakhs vs ₹3,253.04 Lakhs (▲109.8% YoY). EBITDA Margin 41.30% vs 20.61% (▲2069bps). The Board also approved the appointment of Mrs. Parvathi Manthena as a Non-Executive Director and re-appointed Cost Auditors. The auditors noted an Emphasis of Matter regarding long-outstanding trade receivables (₹422.73 Lakhs with ₹309.59 Lakhs ECL provision) and bank guarantees (₹265.03 Lakhs) under arbitration, though their opinion remained unmodified.

Order Win: Kernex Microsystems (India) Ltd. won an order from Jindal Steel Limited (JSL) for the design, supply, installation, testing, and commissioning of an advanced Yard Safety Management & Automation System (Torpedo & Loco Tracking System) for ₹15.90 Crores (Excl. GST). This project diversifies Kernex's presence beyond traditional railway-focused operations into industrial applications.

Kernex Microsystems (India) Ltd. has received an order from Chittaranjan Locomotive Works (CLW) valued at ₹475.21 Crores. The order is for the supply, installation, testing, and commissioning of On-board KAVACH Loco Equipment, with a completion timeline of 12 months from the date of contract.

Kernex Microsystems (India) Ltd. received an order from PCMM Office, Patiala, valued at Rs. 67.53 Crores for the Supply, Installation, Testing and Commissioning of On-board KAVACH Loco Equipment. The order is to be executed on or before April 15, 2027.

Kernex Microsystems (India) Ltd. submitted a certificate confirming compliance with SEBI (Depositories and Participants) Regulations, 2018, Regulation 74(5) for the quarter ended March 31, 2026, regarding dematerialized/rematerialized securities.

BLW HQ-STORES issued a counter offer to M/s KERNEX MICROSYSTEMS INDIA LIMITED for the supply, installation, testing, and commissioning of 112 sets of On-board KAVACH equipment with a purchase value of Rs. 911,177,120.00. The offer is dated 02/04/2026.

Kernex Microsystems (India) Ltd. announced the closure of its trading window for designated persons and their relatives from April 1, 2026, until 48 hours after the declaration of audited financial results for the financial year ended March 31, 2026.

Kernex Microsystems (India) Ltd entered a Joint Venture with Bharat Heavy Engineering Private Limited with a 51% stake to develop a Moving Block System integrated with ATS and ATO on the Kavach platform and CTC, signifying a new business opportunity.

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Kernex Microsystems received an order valued at Rs. 411.17 Crores (incl. GST) from Banaras Locomotive Works. The order is for the supply, installation, testing, and commissioning of 505 On-board KAVACH Loco Equipment, to be completed within 12 months.

Kernex Microsystems (India) Limited secured listing and trading approval from NSE and BSE on February 2, 2026, for 43,000 equity shares (Rs. 10/- each) allotted under its ESOP 2023, effective February 3, 2026.