Kaynes Technology India recently conducted substantial block trades on the National Stock Exchange (NSE), marking significant institutional trading activities for the company's shares.

Transaction Details

First Block Trade

The first block trade involved the exchange of 343,304 shares at a price of Rs. 6,090.50 per share. This transaction amounted to a total value of Rs. 209.09 crores.

Second Block Trade

A subsequent block trade was executed, involving 41,412 shares at Rs. 4,707.00 per share, totaling Rs. 19.49 crores.

Significance of the Trades

Block trades of this magnitude often signify important movements in institutional holdings or strategic investments. The specific parties involved in these transactions have not been disclosed.

Market Impact

Investors and market analysts may closely watch for any potential effects these block trades might have on Kaynes Technology India's stock price and trading volumes. However, it's important to note that the long-term implications of such trades can vary and should be considered alongside other market factors and company performance indicators.

Kaynes Technology India Limited , a prominent player in the electronics manufacturing services sector, has announced significant leadership changes through a postal ballot notice. The company is seeking shareholder approval for two key appointments that could reshape its top management structure.

New Managing Director Appointment

Dr. Muthukumar Narayanaswamy is proposed to be appointed as the new Managing Director of Kaynes Technology. The appointment, if approved, will be for a five-year term from September 24, 2025, to September 23, 2030. Dr. Narayanaswamy brings nearly four decades of experience in the automotive, rubber, and industrial products sectors.

Change in Designation for Current Managing Director

Simultaneously, the company proposes to change the designation of Mr. Ramesh Kunhikannan, the current Managing Director, to Executive Vice Chairman in the category of Whole Time Director. This change would be effective for his residual term from September 24, 2025, to March 31, 2029.

Key Details of the Proposed Appointments

Voting Process

The company has initiated an e-voting process for shareholders to vote on these resolutions:

• E-voting start date: November 13, 2025
• E-voting end date: December 12, 2025

Kaynes Technology has engaged the National Securities Depository Limited (NSDL) to provide the remote e-voting facility to its members.

Background of Proposed Appointees

Dr. Muthukumar Narayanaswamy has held leadership positions at companies like TTK-LIG Limited, TVS Group companies, and Cummins Meritor. He holds a Ph.D. in Operations Management from Annamalai University and an MBA in International Marketing from Thiagarajar School of Management.

Mr. Ramesh Kunhikannan, who has been with Kaynes Technology since its incorporation, holds a bachelor's degree in electrical engineering from the National Institute of Engineering, Mysore. He is married to Mrs. Savitha Ramesh, the company's Chairperson and Whole-time Director.

These proposed changes reflect Kaynes Technology's strategic move to strengthen its leadership team, potentially positioning the company for future growth and operational excellence in the electronics manufacturing services industry.

Shareholders are encouraged to review the detailed postal ballot notice and cast their votes through the e-voting system provided by NSDL.