Kernex Microsystems India : Allotment of Securities
January 10, 2023 at 11:54 am EST
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10th January 2023
To
To
The Listing / Compliance Department
The Listing / Compliance Department
BSE Limited
National Stock Exchange of India Ltd
PhirozeJeejeebhoy Towers
Plot No.C/1, G Block,Exchange Plaza
Dalal Street
Bandra - KurlaComplex, Bandra (E)
Mumbai - 400 001
Mumbai - 400 051
BSE Scrip Code: 532686
NSE Symbol: KERNEX
Sub: Intimation of allotment of Equity Shares and Warrants on Preferential Basis under the provisions of SEBI (ICDR) Regulations, 2018.
In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ('Listing Regulations, 2015'), we wish to inform you that the Board of Directors of the Company has considered and approved today i.e., 10th January 2023 pursuant to Shareholders' Resolution dated 12th October 2022 and In-Principle approval received from the BSE Limited and NSE on 26th December 2022:-
Allotted 10,59,767 equity shares of Rs. 10/- each at an issue price of Rs. 266/- per share on preferential basis to the below mentioned persons belonging to "Promoters and Non-Promoters" including 1,55,827 shares by way of conversion of unsecured loan into equity
S No
Name of the Allottee
No. of equity
Category
shares allotted
1
Anji Raju Manthena
5,31,767
Promoter
2
Narasa Raju Mantena
38,000
Promoter
3
Dr. Janardhana Reddy Vinta
40,000
Non-Promoter
4
Raghu Rama Raju Gokaraju
1,00,000
Non-Promoter
5
PenumatsaVenkata Raju
1,00,000
Non-Promoter
6
M R T Signals Limited
2,00,000
Non-Promoter
7
United Infracore Limited
50,000
Non-Promoter
Allotted 6,00,000 warrants at an issue price of Rs. 266/- per warrant on preferential basis to the below mentioned person belonging to Non-Promoters.
S No
Name of the Allottee
No. of Warrants
Category
allotted
1
Capgro Private Limited
6,00,000
Non-Promoter
Pursuant to Shareholders' Resolution dated 12th October 2022 and In-Principle approval received from the BSE Limited and NSE on 26th December 2022 the Company has offered in total 13,69,173 shares on preferential basis to the proposed allottees apart from 1,55,827 equity shares by way of conversion of unsecured loan to the promoter and promoter group out of which 9,03,940 shares were subscribed leaving 4,65,233 shares as unsubscribed.
Kindly take the above information on record and acknowledge.
Thanking you,
Yours faithfully
For Kernex Microsystems (India) Limited
M B Narayana Raju
Whole-Time Director
DIN: 07993925
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Kernex Microsystems (India) Limited published this content on 10 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2023 16:53:08 UTC.
Kernex Microsystems (India) Limited is engaged in the manufacture and sale of safety systems and software services for railways. The Company provides a track record in providing professional electronic systems that can operate under stringent/harsh environmental conditions. Its capabilities include concept, design, validation, manufacture, evaluation, installation and providing technical and maintenance support, on turnkey basis. The Company offers a range of products, including LxGuard, TrainSHIELD, SAFELx, Sentinex, Casry, KMDAX, Automatic Timing (Recording) Device for Railway Wagons (ATRW), and KTPIS. The Company also provides a range of value-added embedded research and development (R&D) services and electronics manufacturing services (EMS/CEM) to its customers. The Company offers services in turnkey product development, electronic product design, embedded software design, electronic manufacturing, ESS testing, offshore development, and quality control.
KERNEX MICROSYSTEMS (INDIA) LIMITED 
