Announced Mon, 29 Jun · 15:50 IST
Postal ballot: borrowing limit hike to Rs.1000 Cr, director pay rises, new appointment
Board & Shareholder Meetings View source PDF
KERNEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+11.3%1-day move
₹2062.00
prior close
₹2078.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+1.2+0.4+0.9+11.3+16.2+15.1+16.8+6.2+3.6+3.5———
Up moveDown movePending
AI summary
Kernex Microsystems seeks shareholder approval via postal ballot on 7 items: raise borrowing limit to Rs.1,000 Cr; allow charges on assets; raise MD Sreelakshmi Manthena pay to 1.25% net profit commission plus Rs.55 lakh bonus, two whole-time directors at Rs.12.5 lakh per month plus 1% commission and Rs.55 lakh bonus; appoint Parvathi Manthena as director; approve related party hiring of Alluri Sitarama Raju Manthena as GM Operations. E-voting: June 30 to July 29, 2026.
Likely market impact
Borrowing limit hike signals potential expansion or capex plans. Higher director pay and family-related appointments may raise governance questions.