kernex microsystems has rectified the outcome of its Board meeting held on May 29, 2026, regarding the re-appointment of auditors. The company clarified that M/s. Thirupathi & Associates has been appointed as the Internal Auditors for the Financial Year 2026–27. This correction supersedes the earlier reference to the firm as Cost Auditors.

The Board of Directors approved the re-appointment during the meeting convened on May 29, 2026. The company submitted the clarification to the BSE Limited and the National Stock Exchange of India Ltd. under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure serves to correct the designation of the statutory firm within the company's governance framework for the upcoming financial year. M/s. Thirupathi & Associates will continue to serve in the capacity of Internal Auditors, ensuring compliance with internal control mechanisms.

Kernex Microsystems (India) Limited has secured a Letter of Intent (LOI) from Jindal Steel Limited (JSL) for the design, supply, installation, testing, and commissioning of an advanced Yard Safety Management & Automation System. The contract, valued at Rs 15.90 Crores excluding GST, was awarded on May 28, 2026. This order marks a significant step for Kernex as it expands its safety-critical technology beyond the railway sector into large-scale industrial yards.

The project entails the deployment of a proprietary, end-to-end integrated platform known as the Torpedo & Loco Tracking System. This solution combines real-time locomotive tracking, safety interlocking systems, sensor-based field integration, and AI-enabled central command and monitoring software. The system is engineered as a ground-up industrial safety and automation architecture specifically tailored for complex industrial environments.

Management believes that no comparable integrated yard automation and safety solution currently exists in Indian industrial environments at this scale. This positions Kernex as an early mover and technology leader in this emerging segment. The project further validates the company's capabilities in mission-critical systems integration, industrial automation, software engineering, and safety-focused infrastructure deployment.

While pursuing this new opportunity, Kernex continues to remain strongly focused on its core KAVACH business. The company noted that a substantial and long-term opportunity pipeline from Indian Railways continues to evolve. The present project represents a natural extension of the engineering competencies developed through its railway safety operations, including safety-critical systems design, embedded electronics, sensor integration, real-time monitoring, and field commissioning.

The order was awarded by a domestic entity, Jindal Steel Limited. The execution timeline will be as per the Work Order to be received from JSL. The company confirmed that the promoter or promoter group has no interest in the entity awarding the order, and the transaction does not fall within related party transactions.

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