Samyag

Corporate Actions

Back

Kernex Microsystems bags Rs 68-crcontract from Patiala Locomotive Works

13-Apr-26 14:30 Hrs IST

The contract, valued at Rs 67.53 crore, involves deployment of KAVACH systems in accordance with RDSO Specification No. RDSO/SPN/196/2020 (Version 4.0 or latest), the company said in a regulatory filing.

The scope of work includes end-to-end execution covering supply, installation, testing and commissioning of the onboard equipment.

The order is to be executed on or before 15 April 2027.

Kernex Microsystems clarified that the contract has been awarded by a domestic entity and does not fall under related party transactions. The company also confirmed that neither the promoter nor promoter group has any interest in the awarding entity.

Kernex Microsystems (India) is engaged in the manufacture and sale of safety systems and software services for railways.

Kernex Microsystems (India) reported a 15.88% fall in consolidated net profit to Rs 6.04 crore despite a 97.23% increase in revenue to Rs 72.60 crore in Q3 FY26 as compared with Q3 FY25.

Shares of Kernex Microsystems (India) rose 0.84% to Rs 1,175.95 on the BSE.

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.