Meeting Details

  • Date: September 30, 2026
  • Time: 11:00 A.M.
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Type: 34th Annual General Meeting
  • Record Date: September 23, 2026
  • Total Shareholders on Record Date: 54,205

Shareholder Participation

  • Promoters and Promoter Group attended: 4 shareholders
  • Public shareholders attended: 96 shareholders
  • Total shareholders attended: 100 shareholders

Proposed Resolutions and Implications

The AGM considered and voted on nine resolutions:

1. Ordinary Resolution: Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026 along with reports of Board of Directors and Auditors

2. Ordinary Resolution: Re-appointment of Mr. Sitarama Raju Manthena (DIN: 08576273) as Whole-Time Director retiring by rotation

3. Ordinary Resolution: Re-appointment of Mr. Anji Raju Manthena (DIN: 01022368) as Director retiring by rotation

4. Ordinary Resolution: Ratification of remuneration payable to M/s. M P R & Associates, Cost Accountants, as Cost Auditors for FY 2026-27

5. Special Resolution: Re-appointment of Mr. Badari Narayana Raju Manthena (DIN: 07993925) as Whole-Time Director for three years w.e.f. September 2, 2026

6. Special Resolution: Re-appointment of Mr. Sitarama Raju Manthena (DIN: 08576273) as Whole-Time Director for three years w.e.f. September 2, 2026

7. Special Resolution: Re-appointment of Mr. Seshagiri Rao Adabala (DIN: 09608973) as Independent Director for second term of five years under Section 149 of Companies Act, 2013

8. Special Resolution: Re-appointment of Mr. Dinakara Rao Pasupuleti (DIN: 00009801) as Independent Director for second term of five years under Section 149 of Companies Act, 2013

9. Special Resolution: Appointment of Mrs. Renuka Rani Chadalawada (DIN: 08334469) as Independent Director

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM) through Kfin Technologies Limited
  • Electronic voting (Insta-Poll): Conducted during the AGM for 15 minutes after conclusion of meeting
  • Scrutinizer: D.S. Rao, Practicing Company Secretary (C.P. No. 14487) was appointed to scrutinize the voting process

Key Voting Outcomes

Overall Voting Summary

  • Total outstanding shares: 1,68,03,622
  • Total votes polled: 54,51,223 shares (32.4408% of outstanding shares)
  • Total votes in favor: 54,15,392 shares (99.3427% of votes polled)
  • Total votes against: 125 shares (0.0023% of votes polled)
  • Votes abstained: 1,006 shares
  • Invalid votes: 0

Category-wise Breakdown for Resolution 1:

Promoter and Promoter Group:

  • Shares held: 47,17,361
  • Votes polled: 47,15,329 (99.9569% of shares held)
  • Votes in favor: 47,15,329 (100% of votes polled)
  • Votes against: 0
  • Votes abstained: 0

Public Institutions:

  • Shares held: 1,93,954
  • Votes polled: 38,034 (19.6098% of shares held)
  • Votes in favor: 38,034 (100% of votes polled)
  • Votes against: 0
  • Votes abstained: 0

Public Non-Institutions:

  • Shares held: 1,18,92,307
  • Votes polled: 6,97,860 (5.5679% of shares held)
  • Votes in favor: 6,62,029 (94.8656% of votes polled)
  • Votes against: 125 (0.0179% of votes polled)
  • Votes abstained: 1,006

Resolution-wise Approval Rates:

All resolutions passed with overwhelming majority:

1. Financial Statements Adoption: 99.998% in favor

2. Sitarama Raju Manthena Re-appointment: 99.999% in favor

3. Anji Raju Manthena Re-appointment: 99.988% in favor

4. Cost Auditor Ratification: 99.998% in favor

5. Badari Narayana Raju Manthena Re-appointment: 99.997% in favor

6. Sitarama Raju Manthena Re-appointment: 99.997% in favor

7. Seshagiri Rao Adabala Re-appointment: 99.999% in favor

8. Dinakara Rao Pasupuleti Re-appointment: 99.999% in favor

9. Renuka Rani Chadalawada Appointment: 99.999% in favor

Scrutinizer's Role and Findings

Mr. D.S. Rao, Practicing Company Secretary, was appointed as Scrutinizer to oversee the remote e-voting and electronic voting process. Key findings:

  • The e-voting facility was provided by Kfin Technologies Limited
  • Remote e-voting period: September 27-29, 2026
  • Electronic voting at AGM: 15 minutes after meeting conclusion
  • Votes were unblocked and scrutinized in presence of two independent witnesses
  • All resolutions were duly passed by required majority
  • Electronic data and records are under scrutinizer's custody until Chairman approves minutes

Compliance Confirmation

The voting process and results comply with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of the SEBI (LODR) Regulations, 2015

Additional Information

  • The company's registered office: Plot No. 38(part) to 4, Survey No. 1/1, Kancha Imarat, Raviryal Village, Maheswaram Mandal, Hyderabad, Telangana-501510
  • BSE Scrip Code: 532686
  • NSE Symbol: KERNEX
  • The difference in total number of shareholders across resolutions is due to shareholders exercising different options for different shares (assent for some shares and dissent for others)