Kernex Microsystems (India) Ltd concluded its 34th Annual General Meeting on September 30, 2026, adopting the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via Video Conference/Other Audio-Visual Means (VC/OAVM), saw the approval of several ordinary and special resolutions concerning director reappointments and auditor remuneration.

The proceedings commenced at 11:00 am IST and concluded at 12:08 pm IST. A total of 100 members were present during the virtual meeting, including promoters and the promoter group. The Chairman introduced all directors, Key Managerial Personnel (KMPs), and auditors participating in the session.

Director Reappointments and Governance

Shareholders approved the reappointment of Mr. Sitarama Raju Manthena, Whole-Time Director, who retired by rotation and offered himself for reappointment. Similarly, Mr. Anji Raju Manthena was reappointed as a director following his retirement by rotation. These actions were passed as ordinary resolutions.

Special resolutions approved included:

• Reappointment of Mr. Badari Narayana Raju Manthena as Whole-Time Director for a further period of three years effective September 2, 2026.
• Reappointment of Mr. Sitarama Raju Manthena as Whole-Time Director for a further period of three years effective September 2, 2026.
• Reappointment of Mr. Seshagiri Rao Adabala as Independent Director for a second term of five years.
• Reappointment of Mr. Dinakara Rao Pasupuleti as Independent Director for a second term of five years.
• Appointment of Mrs. Renuka Rani Chadalawada as an Independent Director.

Financial Adoption and Auditor Remuneration

The company adopted both standalone and consolidated financial statements for FY26. The Board also ratified the remuneration payable to M/s M P R & Associates, Cost Accountants, Hyderabad, as Cost Auditors for the financial year 2026-27.

Voting and Compliance

Pursuant to Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (LODR) Regulations, 2015, remote e-voting facilities were provided. E-voting commenced on September 27, 2025, and ended on September 29, 2025. Mr. D S Rao, Practicing Company Secretary, served as the scrutinizer to ensure fair vote counting. The results of e-voting along with the Scrutinizer's Report will be submitted to stock exchanges and placed on the company website.

Kernex Microsystems (India) Ltd has reappointed two independent directors and appointed a new additional independent director, according to an addendum to its Board's Report for FY26.

The Board approved the re-appointment of Adabala Seshagiri Rao and Pasupuleti Dinakara Rao as Independent Directors for a second term of five consecutive years. This decision follows the recommendation of the Nomination and Remuneration Committee (NRC) and is subject to shareholder approval at the ensuing 34th Annual General Meeting.

Director appointments and cessations

The addendum details changes in the board composition effective September 2026. The terms of Seshagiri Rao and Ayyagari Viswanadha Sarma expired on September 5, 2026. The term of Dinakara Rao was set to expire on September 29, 2026.

In response to these expiries, the Board took the following actions:

• Re-appointments: Seshagiri Rao and Dinakara Rao were re-appointed for a second five-year term effective September 5, 2026.
• New Appointment: Renuka Rani C was appointed as an Additional Director in the category of Independent Director with effect from September 6, 2026. Her tenure will hold office up to September 30, 2028, subject to member approval.
• Cessation: Ayyagari Viswanadha Sarma ceased to be a Director upon the expiry of his term on September 5, 2026.

Regulatory compliance

The company stated that the addendum forms an integral part of the 34th Annual Report. It has been dispatched electronically to shareholders whose email IDs are registered with the company or depositories. The document is also available on the company's website.

These governance updates ensure continued compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the composition of the board and the tenure of independent directors.