Kernex Microsystems (India) Limited, a leading player in the electronics and technology sector, has officially announced the outcome of its Board of Directors meeting held on May 23, 2025. The meeting included approval of the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025.

The audited financial results, which were prepared in accordance with the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, were reviewed by the statutory auditors M/s NSVR and Associates LLP, Chartered Accountants. The auditors issued unmodified audit reports, confirming the transparency and reliability of the company's financial statements.

Approval of Financial Statements

The financial statements cover the full fiscal year 2024-25, including the balance sheet as on March 31, 2025, and the cash flow statement for the same period. These results indicate the company’s financial health and operational performance over the past year, providing investors and stakeholders with a clear picture of Kernex Microsystems’ business standing.

Reappointment of Managing Director

A key highlight of the board meeting was the approval for the reappointment of Ms Sreelakshmi Manthena as Managing Director for a period of three years, effective from May 23, 2025. Ms Manthena has been associated with Kernex Microsystems for more than 12 years and brings over 13 years of experience in the electronics industry.

She plays an instrumental role in steering the company towards new technologies, exploring growth opportunities, and ensuring that innovative ideas translate into business success. Her reappointment is subject to approval by the shareholders in the forthcoming general meeting.

Internal Auditor Reappointment and ESOP Grant

The Board also approved the reappointment of M/s Thirupathi & Associates as internal auditors for the financial year 2025-26. This continuity ensures that internal audit processes remain robust and contribute to effective corporate governance.

Additionally, the company granted 1,200 Employee Stock Options (ESOP) to eligible employees as part of its employee retention and incentive programme. This move is designed to align employee interests with company growth and foster a performance-driven culture.

Compliance and Transparency

Kernex Microsystems confirmed that Ms Sreelakshmi Manthena has not been debarred from holding office as director by any SEBI order or other regulatory authority, in compliance with BSE and NSE circulars. This ensures full regulatory compliance and transparency.

Profile of Ms Sreelakshmi Manthena

Ms Manthena is the daughter of Dr Anji Raju Manthena, a non-executive director and promoter, and sister of Mr Sitarama Raju Manthena, Whole-Time Director at Kernex Microsystems. Her strategic leadership continues to be a significant asset for the company.

Conclusion

The board meeting outcomes signal a positive outlook for Kernex Microsystems as it moves forward with strong leadership and sound financials. The approval of audited results with unmodified opinions reflects operational stability, while the reappointment of Ms Manthena ensures experienced guidance for the company’s future growth.

With strategic internal audit oversight and employee incentives through ESOPs, Kernex Microsystems is well-positioned to capitalize on opportunities in the rapidly evolving electronics and technology sector in India.

The Upcoming IPOs in this week and coming weeks are Scoda Tubes,Neptune Petrochemicals, Aegis Vopak Terminals, Schloss Bangalore, Astonea Labs, Nikita Papers, Prostarm Info Systems, Victory Electric Vehicles International, Blue Water Logistics, Wagons Learning.

The Current active IPO are Unified Data - Tech Solutions, Dar Credit and Capital, Belrise Industries.

The Closed IPOs are Borana Weaves.