Kernex Microsystems (India) has informed that the Board of Directors of the Company at its 209th Board Meeting held on 3rd March 2022, had approved for Raising of funds through issue of 13,00,000 equity shares of face value of Rs. 10/- each to Non-Promoter Investors on a Preferential basis (Preferential Issue) in accordance with the Companies Act, 2013 read with the rules made thereunder and Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations) read with other applicable regulations, if any at a price not being lower than the price determined in accordance with Chapter V of SEBI ICDR Regulations and other applicable regulation, if any.
The above information is a part of company’s filings submitted to BSE.