Kernex Microsystems Secures Rs. 91 Crore Order from Banaras Locomotive
Filing Summary
Kernex Microsystems India Ltd has received an order valued at Rs. 91.12 crores from Banaras Locomotive Works. The order involves the supply, installation, testing, and commissioning of 112 sets of on-board Kavach Loco Equipment. The contract is domestic and is to be executed by February 15, 2027. There is no interest from the promoter group in the awarding entity, and the transaction does not fall under related party transactions. This update is disclosed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
Kernex Microsystems India Ltd has been awarded an order by Banaras Locomotive Works valued at Rs. 91.12 crores. The order pertains to the supply, installation, testing, and commissioning of 112 sets of on-board Kavach Loco Equipment. This contract is in accordance with RDSO Specification No. RDSO/SPN/196/2020, Version 4.0 or the latest version.
The order is domestic in nature and is expected to be executed by February 15, 2027. The contract does not involve any interest from the promoter or promoter group in the awarding entity. Additionally, the transaction does not qualify as a related party transaction.
This disclosure is made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details are provided in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.
Banaras Locomotive Works is a prominent entity involved in the manufacturing and maintenance of locomotives. The organization focuses on enhancing the efficiency and safety of railway operations through advanced technological solutions.
Kernex Microsystems India Ltd specializes in providing advanced railway safety systems and solutions. The company prioritizes the development and implementation of cutting-edge technologies to enhance the safety and efficiency of railway operations.