Kernex Microsystems (India) logo

Kernex Microsystems (India) MD, chairman, board of directors and AGM

NSE: KERNEXBSE: 532686Transport ServicesSmall Cap

Last close ₹1,587.20down ₹48.40 (2.96%)BSE ₹1,585.90

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,635.60.

52-week range of traded prices to 23 Oct 2026
₹850.00Low, 30 Mar 2026₹2,580.00High, 6 Aug 2026
Market cap
₹2,667 Cr1,116th largest listed
P/E
14.0
P/B
10.7
Dividend yield
Nonein the last 12 months
ROE
93.9%
ROCE
71.3%
Debt to equity
0.66
Volume, NSE
2,00,58248.6% delivered

Kernex Microsystems (India) board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonAdabala Seshagiri Rao
  • Managing directorSREELAKSHMI MANTHENA

9 directors3 independent3 executive3 non-executive

  • Adabala Seshagiri Rao · ChairpersonIndependent · joined Sep 2024 · reappointed Sep 2024 · 22 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 3 as chair
  • Ayyagari Viswanadha SarmaIndependent · joined Sep 2024 · reappointed Sep 2024 · 22 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Pasupuleti Dinakara RaoIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • ANJI RAJU MANTHENANon-executive · joined May 2005 · reappointed Sep 2019 · 1 listed board · 1 committee seat
  • VINTA JANARDHANA REDDYNon-executive · joined Sep 2008 · reappointed Sep 2019 · 1 listed board
  • SREELAKSHMI MANTHENA · Managing directorExecutive · joined Nov 2017 · reappointed May 2025 · 1 listed board
  • MANTHENA BADARI NARAYANA RAJUExecutive · joined Nov 2017 · reappointed Sep 2023 · 1 listed board
  • MANTHENA SITARAMA RAJUExecutive · joined Sep 2019 · reappointed Sep 2023 · 1 listed board · 1 committee seat
  • PARVATHI MANTHENANon-executive · joined May 2026 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • KRISHNA MOHAN A V S, left 7 Feb 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20269 of 9 present3 independent · 105 days in between
    • 12 Feb 20268 of 8 present3 independent

  • Audit Committee

    Chair Ayyagari Viswanadha Sarma

    Adabala Seshagiri Rao, Anji Raju Manthena

    • 29 May 20263 of 3 present2 independent · 105 days in between
    • 12 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Pasupuleti Dinakara Rao

    Adabala Seshagiri Rao, Anji Raju Manthena

    • 29 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Pasupuleti Dinakara Rao

    Ayyagari Viswanadha Sarma, Manthena Sitarama Raju

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Ayyagari Viswanadha Sarma

    Pasupuleti Dinakara Rao, Vinta Janardhana Reddy

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Pasupuleti Dinakara Rao

    Ayyagari Viswanadha Sarma, Manthena Sitarama Raju

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • NSVR & Associates LLPPeer-review certificate valid to Jun 2026
1 earlier auditor
  • NSVR & Assocaites LLPNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Kernex Microsystems (India) AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Kernex Microsystems (India) dividend history

Annual general meeting, 30 Sep 2026

54,205 shareholders on the register on 23 Sep 2026; present: 4 promoters and 96 others; votes counted by D S Rao / D S Rao.The company's voting result (opens in a new tab)

  1. TO RECEIVE, CONSIDER AND ADOPT (a) THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026 AND THE REPORT OF THE AUDITORS AND BOARD OF DIRECTORS THEREON AND (b) THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026 AND THE REPORT OF AUDITORS THEREONMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 32.23% · promoters 99.96% · institutions 19.61% · other public 5.57%

  2. TO APPOINT A DIRECTOR IN PLACE OF MR. SITARAMA RAJU MANTHENA (DIN: 08576273), WHOLE-TIME DIRECTOR, WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR IN THE COMPANY.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 32.23% · promoters 99.96% · institutions 19.61% · other public 5.57%

  3. TO APPOINT A DIRECTOR IN PLACE OF MR. ANJI RAJU MANTHENA (DIN: 01022368), WHO RETIRES BY ROTATION AND, BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR IN THE COMPANY.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 1.53% · other public 0.01%

    Turnout: all 32.23% · promoters 99.96% · institutions 19.61% · other public 5.57%

  4. TO RATIFY THE REMUNERATION PAYABLE TO M/S. M P R & ASSOCIATES, COST ACCOUNTANTS, HYDERABAD AS THE “COST AUDITORS” OF THE COMPANY FOR THE FINANCIAL YEAR 2026–27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 32.23% · promoters 99.96% · institutions 19.61% · other public 5.57%

  5. TO CONSIDER, APPROVE RE-APPOINTMENT OF MR. BADARI NARAYANA RAJU MANTHENA (DIN: 07993925) AS A WHOLE-TIME DIRECTOR FOR FURTHER PERIOD OF THREE YEARS W.E.F. 2ND SEPTEMBER 2026.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 32.23% · promoters 99.96% · institutions 19.61% · other public 5.57%

  6. TO CONSIDER, APPROVE RE-APPOINTMENT OF MR. SITARAMA RAJU MANTHENA (DIN: 08576273) AS A WHOLE-TIME DIRECTOR FOR A FURTHER PERIOD OF THREE YEARS W.E.F. 2ND SEPTEMBER 2026
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 32.23% · promoters 99.96% · institutions 19.61% · other public 5.57%

  7. RE-APPOINTMENT OF MR. SESHAGIRI RAO ADABALA (DIN: 09608973) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A SECOND TERM OF FIVE YEARS, IN TERMS OF SECTION 149 OF THE COMPANIES ACT, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 32.23% · promoters 99.96% · institutions 19.61% · other public 5.57%

  8. RE-APPOINTMENT OF MR. DINAKARA RAO PASUPULETI (DIN: 00009801) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A SECOND TERM OF FIVE YEARS, IN TERMS OF SECTION 149 OF THE COMPANIES ACT, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 32.23% · promoters 99.96% · institutions 19.61% · other public 5.57%

  9. APPOINTMENT OF MRS. RENUKA RANI CHADALAWADA (DIN: 08334469), AS AN INDEPENDENT DIRECTOR
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 32.23% · promoters 99.96% · institutions 19.61% · other public 5.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 29 Jul 2026, 7 resolutions

43,096 shareholders on the register on 26 Jun 2026; votes counted by D S Rao / D S Rao.The company's voting result (opens in a new tab)

  1. INCREASE IN BORROWING POWERS OF THE BOARD OF DIRECTORS
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 16.40% · other public 0.31%

    Turnout: all 30.19% · promoters 99.96% · institutions 10.11% · other public 2.70%

  2. CREATION OF THE CHARGE PROVIDING OF SECURITY ON THE ASSETS OF THE COMPANY
    Special
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 16.40% · other public 1.88%

    Turnout: all 30.19% · promoters 99.96% · institutions 10.11% · other public 2.70%

  3. TO INCREASE IN MANAGERIAL REMUNERATION OF MR. M B NARAYANA RAJU (DIN: 07993925), WHOLE-TIME DIRECTOR
    Special
    98.75% for1.25% against

    Against: promoters 0.00% · institutions 16.40% · other public 17.90%

    Turnout: all 30.19% · promoters 99.96% · institutions 10.11% · other public 2.70%

  4. TO INCREASE IN MANAGERIAL REMUNERATION OF MR. M SITARAMA RAJU (DIN: 08576273), WHOLE-TIME DIRECTOR
    SpecialPromoters have an interest in it
    98.75% for1.25% against

    Against: promoters 0.00% · institutions 16.40% · other public 17.90%

    Turnout: all 30.19% · promoters 99.96% · institutions 10.11% · other public 2.70%

  5. TO INCREASE IN MANAGERIAL REMUNERATION OF MS. SREELAKSHMI MANTHENA (DIN: 07996443), MANAGING DIRECTOR
    SpecialPromoters have an interest in it
    98.75% for1.25% against

    Against: promoters 0.00% · institutions 16.40% · other public 17.90%

    Turnout: all 30.19% · promoters 99.96% · institutions 10.11% · other public 2.70%

  6. TO CONSIDER AND APPROVE THE APPOINTMENT OF MRS. PARVATHI MANTHENA (DIN: 11537664) AS A DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    98.94% for1.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.02%

    Turnout: all 30.19% · promoters 99.96% · institutions 10.11% · other public 2.70%

  7. APPROVAL OF RELATED PARTY TRANSACTION IN RESPECT OF HOLDING OF OFFICE OR PLACE OF PROFIT BY MR. ALLURI SITARAMA RAJU MANTHENA AS GENERAL MANAGER (OPERATIONS)
    Ordinary
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 16.40% · other public 2.92%

    Turnout: all 30.10% · promoters 99.96% · institutions 10.11% · other public 2.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 5 resolutions

44,382 shareholders on the register on 22 Sep 2025; present: 4 promoters and 92 others; votes counted by D S Rao / D S Rao.The company's voting result (opens in a new tab)

  1. TO RECEIVE, CONSIDER AND ADOPT (a) THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 AND THE REPORT OF THE BOARD OF DIRECTORS AND AUDITORS THEREON AND (b) THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 AND THE REPORT OF AUDITORS THEREONMoreLess
    Ordinary
    98.57% for1.43% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.15%

    Turnout: all 28.98% · promoters 97.11% · institutions 46.69% · other public 0.61%

  2. TO APPOINT A DIRECTOR IN PLACE OF MR. JANARDHANA REDDY VINTA (DIN: 02414912) NON-EXECUTIVE DIRECTOR, WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR IN THE COMPANYMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 28.98% · promoters 97.11% · institutions 46.69% · other public 0.61%

  3. TO APPOINT A DIRECTOR IN PLACE OF MR. MANTHENA BADARI NARAYANA RAJU (DIN: 07993925), WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR IN THE COMPANY.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 28.98% · promoters 97.11% · institutions 46.69% · other public 0.61%

  4. APPOINTMENT OF SECRETARIAL AUDITOR OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.18%

    Turnout: all 28.98% · promoters 97.11% · institutions 46.69% · other public 0.61%

  5. TO RATIFY THE REMUNERATION PAYABLE TO M P R AND ASSOCIATES., COST ACCOUNTANTS, HYDERABAD AS THE COST AUDITORS OF THE COMPANY FOR THE FINANCIAL YEAR 2025- 26
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 28.98% · promoters 97.11% · institutions 46.69% · other public 0.61%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Aug 2025, 1 resolution

43,462 shareholders on the register on 4 Jul 2025; votes counted by D S Rao / D S Rao.The company's voting result (opens in a new tab)

  1. To consider and approve the appointment of Ms. Sreelakshmi Manthena (DIN: 07996443), as a Managing Director
    SpecialPromoters have an interest in it
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 33.68% · promoters 97.11% · institutions 65.97% · other public 6.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Mar 2025, 4 resolutions

37,830 shareholders on the register on 31 Jan 2025; votes counted by D S Rao / D S Rao.The company's voting result (opens in a new tab)

  1. INCREASE IN BORROWING POWERS OF THE BOARD OF DIRECTORS
    Special
    96.97% for3.03% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.34%

    Turnout: all 30.58% · promoters 96.73% · institutions 61.10% · other public 2.22%

  2. CREATION OF THE CHARGE /PROVIDING OF SECURITY ON THE ASSETS OF THE COMPANY
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 30.58% · promoters 96.73% · institutions 61.10% · other public 2.22%

  3. TO INCREASE IN MANAGERIAL REMUNERATION OF MR. M B NARAYANA RAJU (DIN: 07993925), WHOLE-TIME DIRECTOR
    Special
    97.00% for3.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 59.55%

    Turnout: all 30.58% · promoters 96.73% · institutions 61.10% · other public 2.22%

  4. TO INCREASE IN MANAGERIAL REMUNERATION OF MR. M SITARAMA RAJU (DIN: 08576273), WHOLE-TIME DIRECTOR
    SpecialPromoters have an interest in it
    96.02% for3.98% against

    Against: promoters 0.00% · institutions 0.00% · other public 78.90%

    Turnout: all 30.58% · promoters 96.73% · institutions 61.10% · other public 2.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2024, 8 resolutions

Present: 4 promoters and 72 others.The company's voting result (opens in a new tab)

  1. 1. TO RECEIVE CONSIDER AND ADOPT n(a) THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024 AND THE REPORT OF THE BOARD OF DIRECTORS AND AUDITORS THEREON; AND nn(b) THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2024 AND THE REPORT OF AUDITORS THEREONMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.55% · promoters 96.71% · institutions 0.00% · other public 33.15%

  2. TO APPOINT A DIRECTOR IN PLACE OF MR. NARENDER KUMAR (DIN: 03295345) NON-EXECUTIVE DIRECTOR, WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR IN THE COMPANY
    Ordinary
    37.13% for62.87% against

    Against: promoters 0.00% · institutions 0.00% · other public 62.99%

    Turnout: all 25.47% · promoters 0.17% · institutions 0.00% · other public 36.07%

  3. TO APPOINT A DIRECTOR IN PLACE OF DR. ANJI RAJU MANTHENA (DIN: 01022368), WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR IN THE COMPANY
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.55% · promoters 96.71% · institutions 0.00% · other public 33.15%

  4. TO APPROVE THE APPOINTMENT OF STATUTORY AUDITORS TO FILL THE CASUAL VACANCY CAUSED BY THE RESIGNATION
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.55% · promoters 96.71% · institutions 0.00% · other public 33.15%

  5. TO APPROVE THE APPOINTMENT OF STATUTORY AUDITORS FOR A PERIOD OF FIVE CONSECUTIVE YEARS, FROM THE CONCLUSION OF THIS ANNUAL GENERAL MEETING UNTIL THE CONCLUSION OF THE 37TH ANNUAL GENERAL MEETING TO BE HELD IN 2029, AND TO FIX THEIR REMUNERATIONMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.55% · promoters 96.71% · institutions 0.00% · other public 33.15%

  6. TO CONSIDER AND APPROVE APPOINTMENT OF MR. ADABALA SESHAGIRI RAO (DIN: 09608973) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.55% · promoters 96.71% · institutions 0.00% · other public 33.15%

  7. TO CONSIDER AND APPROVE APPOINTMENT OF MR. AYYAGARI VISWANADHA SARMA (DIN: 00499468) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.55% · promoters 96.71% · institutions 0.00% · other public 33.15%

  8. TO CONSIDER AND APPROVE APPOINTMENT OF MR. PASUPULETI DINAKARA RAO (DIN: 00009801) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 51.55% · promoters 96.71% · institutions 0.00% · other public 33.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 23 Aug 2024, 5 resolutions

The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE THE KERNEX EMPLOYEE STOCK OPTIONnSCHEME 2023 (KMIL ESOS 2023)
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.80%

    Turnout: all 29.14% · promoters 96.53% · institutions 0.00% · other public 1.43%

  2. RECLASSIFICATION OF OUTGOING PROMOTERS TO “PUBLIC” SHAREHOLDERnCATEGORY
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.96%

    Turnout: all 29.14% · promoters 96.53% · institutions 0.00% · other public 1.43%

  3. TO INCREASE IN MANAGERIAL REMUNERATION OF MR. M B NARAYANAnRAJU (DIN: 07993925), WHOLE-TIME DIRECTOR
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.33%

    Turnout: all 29.14% · promoters 96.53% · institutions 0.00% · other public 1.43%

  4. TO INCREASE IN MANAGERIAL REMUNERATION OF MR. M SITARAMA RAJUn(DIN: 08576273), WHOLE-TIME DIRECTOR
    SpecialPromoters have an interest in it
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.89%

    Turnout: all 29.14% · promoters 96.53% · institutions 0.00% · other public 1.43%

  5. TO CONSIDER AND APPROVE REMUNERATION PAYABLE TO MS.nSREELAKSHMI MANTHENA AS A DIRECTOR IN M/S. AVANT GARDE INFOnSYSTEMS INC A 100% WHOLLY OWNED SUBSIDIARY
    OrdinaryPromoters have an interest in it
    95.33% for4.67% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.67%

    Turnout: all 1.01% · promoters 0.00% · institutions 0.00% · other public 1.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Sep 2023, 8 resolutions

Present: 5 promoters and 79 others.The company's voting result (opens in a new tab)

  1. 1. To receive consider and adopt n(a) the audited standalone Financial Statements of the Company for the financial year ended March 31, 2023 and the Report of the Board of Directors and Auditors thereon; and nn(b) the audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2023 and the Report of Auditors thereon nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 32.83% · promoters 96.53% · institutions 0.00% · other public 3.40%

  2. To appoint a director in place of Ms. Sreelakshmi Manthena(DIN: 07996443), Director, Who retires by rotation
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 28.69% · promoters 83.42% · institutions 0.00% · other public 3.40%

  3. To appoint a director in place of Dr. Vinta Janardhana Reddy (DIN: 02414912), Director, who retires by rotation and being eligible offers himself for re-appointment as a director in the com
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.31%

    Turnout: all 31.92% · promoters 96.53% · institutions 0.00% · other public 2.08%

  4. To increase in Managerial Remuneration of Mr. M B Narayana Raju (DIN: 07993925), Whole Time Director
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.48%

    Turnout: all 32.83% · promoters 96.53% · institutions 0.00% · other public 3.40%

  5. To increase in Managerial Remuneration of Mr. M Sitarama Raju (DIN: 08576273), Whole Time Direct
    SpecialPromoters have an interest in it
    99.52% for0.48% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.48%

    Turnout: all 2.33% · promoters 0.00% · institutions 0.00% · other public 3.40%

  6. To consider and approve re-appointment of Mr. M B Narayana Raju (DIN: 07993925) as a Whole Time Director of the company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 32.83% · promoters 96.53% · institutions 0.00% · other public 3.40%

  7. To consider and approve the re-appointment of Mr. M Sitarama Raju (DIN: 08576273) as a Whole-Time Director of the company
    SpecialPromoters have an interest in it
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 2.33% · promoters 0.00% · institutions 0.00% · other public 3.40%

  8. To consider and approve issue of warrants on a preferential basis
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 32.83% · promoters 96.53% · institutions 0.00% · other public 3.40%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 29 Sep 2025, 1 fund house

  • TO RECEIVE, CONSIDER AND ADOPT (a) THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 AND THE REPORT OF THE BOARD OF DIRECTORS AND AUDITORS THEREON AND (b) THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 AND THE REPORT OF AUDITORS THEREONMoreLess
    Against Bank of India Mutual Fund
    • Bank of India Mutual FundWe have relied upon the auditors’ report, which has issued a qualified opinion on the standalone financial statements. The qualification pertains to the non-recognition of impairment losses on (i) the company’s wholly owned US subsidiary, Avant-Garde Infosystems Inc., where accumulated losses (Rs. 161.8 mn) exceeded the cost of investment (Rs. 127.6 mn), and (ii) an advance of Rs. 57.6 mn to KERNEX TCAS JV, where net assets were insufficient to recover the amount, resulting in an estimated impairment of Rs. 30.8 mn. As these impairments were not recorded, the auditors noted that profit and other equity were overstated by Rs. 158.4 mn for the year ended 31 March 2025. The auditors have also raised an emphasis of matter regarding trade receivables of Rs. 42.2 mn (with an Expected Credit Loss provision of Rs. 21.2 mn) outstanding for more than three years and margin money deposits of Rs. 190.5 mn provided for customer guarantees of Rs. 352.1 mn, which is under arbitration/negotiation. Given the audit qualifications on standalone financial statements, we do not support the resolution. We have relied upon the auditors’ report, which has raised an emphasis of matter regarding trade receivables of Rs. 42.2 mn (with an Expected Credit Loss provision of Rs. 21.2 mn) outstanding for more than three years and margin money deposits of Rs. 190.5 mn provided for customer guarantees of Rs. 352.1 mn, which is under arbitration/negotiation. We note that the auditors have highlighted certain issues related to the audit trail feature in the accounting software. Based on the auditors’ report, which is unqualified, the financial statements are in accordance with generally accepted accounting policies and Indian Accounting Standards (IND-AS). We support the resolution
    0 for1 against
  • TO APPOINT A DIRECTOR IN PLACE OF MR. JANARDHANA REDDY VINTA (DIN: 02414912) NON-EXECUTIVE DIRECTOR, WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR IN THE COMPANYMoreLess
    1 for0 against
  • TO APPOINT A DIRECTOR IN PLACE OF MR. MANTHENA BADARI NARAYANA RAJU (DIN: 07993925), WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT AS A DIRECTOR IN THE COMPANY.
    1 for0 against
  • APPOINTMENT OF SECRETARIAL AUDITOR OF THE COMPANY
    1 for0 against
  • TO RATIFY THE REMUNERATION PAYABLE TO M P R AND ASSOCIATES., COST ACCOUNTANTS, HYDERABAD AS THE COST AUDITORS OF THE COMPANY FOR THE FINANCIAL YEAR 2025- 26
    1 for0 against

Mutual fund votes, meeting of 9 Aug 2025, 1 fund house

  • To consider and approve the appointment of Ms. Sreelakshmi Manthena (DIN: 07996443), as a Managing Director
    1 for0 against
1 earlier meeting

Mutual fund votes, meeting of 9 Mar 2025, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • CREATION OF THE CHARGE /PROVIDING OF SECURITY ON THE ASSETS OF THE COMPANY
    1 for0 against
  • TO INCREASE IN MANAGERIAL REMUNERATION OF MR. M B NARAYANA RAJU (DIN: 07993925), WHOLE-TIME DIRECTOR
    1 for0 against
  • TO INCREASE IN MANAGERIAL REMUNERATION OF MR. M SITARAMA RAJU (DIN: 08576273), WHOLE-TIME DIRECTOR
    1 for0 against
1 proposal not matched to one resolution
  • To borrow, enhance or avail loan facility for the general, working capital and such other corporate purposes, from time to time as the board may think fit, any sum or sums of money which together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business) may exceed the aggregate of the paid up capital of the Company and free reserves, that is to say reserves not set apart for any specific purpose, provided that the total amount of moneys so borrowed shall not, at any time exceed the limit of Rs. 500 Crores over and above aggregate of the paid up capital of the Company and free reserves.MoreLess
    Against Bank of India Mutual Fund
    • Bank of India Mutual FundThe standalone and consolidated debt stood at Rs. 307.4 mn and Rs. 318.6 mn respectively as on 30 September 2024. The proposed limit is high for the current scale of operations - the company incurred losses until FY24. Since FY25 it has turned EBTIDA positive, with an EBITDA of Rs. 238.4 mn and Rs. 236.9 mn on a standalone and consolidated basis respectively for 9MFY25. Further, the company’s debt programs are not rated, which raises uncertainty about its creditworthiness. We note that the company has received orders worth Rs. 20.4 bn from Chittaranjan Locomotive Works and Kernex led consortium have received orders worth Rs. 3.3 bn for supplying, installing, testing and commissioning of KAVACH equipment. We recognize that the company has received orders and hence may need to increase their borrowing limits for their business operations. However, the company must provide clarity regarding the capital structure that it intends to maintain. Further, we do not favor rolling limits linked to net worth and recommend that companies seek shareholder approval for a fixed borrowing limit. Given these reasons, we do not support the resolution.
    0 for1 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.