Key Quantitative Figures & Voting Results

Overall Voting Participation

  • Record Date: 26th June 2026
  • Total Shareholders on Record Date: 43,096
  • Total Number of Shares: 1,68,02,422
  • Total Votes Polled: 50,72,484 shares (30.189% of outstanding shares)
  • Total Votes in Favour: 50,64,548 shares (99.8435% of votes polled)
  • Total Votes Against: 7,936 shares (0.1565% of votes polled)
  • Number of Resolutions Passed: 7

Resolution-wise Details

1. Special Resolution: Increase in Borrowing Powers of the Board of Directors

  • Result: Passed
  • Votes in Favour: 50,64,548 shares (99.8435% of votes polled)
  • Votes Against: 7,936 shares (0.1565% of votes polled)

2. Special Resolution: Creation of Charge / Providing Security on Company Assets

  • Result: Passed
  • Votes in Favour: 50,59,601 shares (99.746% of votes polled)
  • Votes Against: 12,883 shares (0.254% of votes polled)

3. Special Resolution: Increase in Managerial Remuneration of Mr. M B Narayana Raju (DIN: 07993925), Whole-Time Director

  • Result: Passed
  • Votes in Favour: 50,09,184 shares (98.7521% of votes polled)
  • Votes Against: 63,300 shares (1.2479% of votes polled)

4. Special Resolution: Increase in Managerial Remuneration of Mr. M Sitarama Raju (DIN: 08576273), Whole-Time Director

  • Result: Passed
  • Votes in Favour: 50,09,183 shares (98.75% of votes polled)
  • Votes Against: 63,301 shares (1.25% of votes polled)

5. Special Resolution: Increase in Managerial Remuneration of Ms. Sreelakshmi Manthena (DIN: 07996443), Managing Director

  • Promoter Interest: Yes (Promoter group was interested in this resolution)
  • Result: Passed
  • Votes in Favour: 50,09,185 shares (98.7521% of votes polled)
  • Votes Against: 63,299 shares (1.2479% of votes polled)

6. Special Resolution: Appointment of Mrs. Parvathi Manthena (DIN: 11537664) as a Director

  • Promoter Interest: Yes (Promoter group was interested in this resolution)
  • Result: Passed
  • Votes in Favour: 50,18,898 shares (98.9436% of votes polled)
  • Votes Against: 53,586 shares (1.0564% of votes polled)

7. Ordinary Resolution: Approval of Related Party Transaction - Mr. Alluri Sitarama Raju Manthena as General Manager (Operations)

  • Promoter Interest: Yes (Mr. M B Narayana Raju, Whole-Time Director, was interested)
  • Special Note: 15,000 votes cast by Mr. Badari Narayana Raju Manthena (a related party) were excluded from the count for this resolution.
  • Result: Passed
  • Votes in Favour: 50,41,790 shares (99.6897% of votes polled, after exclusion)
  • Votes Against: 15,694 shares (0.3103% of votes polled, after exclusion)

Scrutinizer Details

  • Name: D S Rao
  • Firm: D S Rao
  • Qualification: Company Secretary (CS)
  • Membership Number: 12394
  • Date of Appointment by Board: 29th May 2026
  • Date of Report Issuance: 31st July 2026

Process and Timeline

  • Notice Dispatch Date: 29th June 2026 (as per previous letter)
  • Cut-off Date (Record Date): 26th June 2026
  • E-voting Commencement: Tuesday, 30th June 2026 (09:00 AM IST)
  • E-voting Conclusion: Wednesday, 29th July 2026 (05:00 PM IST)
  • Last Date for Receipt of Postal Ballot Forms: 29th July 2026
  • E-voting Service Provider: National Securities Depository Limited (NSDL)
  • Voting Mode: Remote e-voting only, as per MCA General Circulars.

Additional Information

  • The voting results and Scrutinizer's Report are displayed at the company's registered office and available on its website (www.kernex.in) and NSDL's website (www.evoting.nsdl.com).
  • The letter was signed by K Prasada Rao, Company Secretary & Compliance Officer.
  • No invalid votes were recorded for any shareholder category (Promoter, Public Institutions, Public Non-Institutions).