Kernex Microsystems (India) Limited on receipt of order from South-Central Railway of INR 1,094.65 million to a Joint Venture of the Company i.e. VRRC-KERNEX-CE-RVR JV, for comprehensive Signaling and telecommunication works for prOVision of automatic block Signaling system in Vemulapadu - Muddanuru section of Guntakal division in South Central Railway and formation of joint venture with a share of 26%. Now the share of the Company has been increased to 35% in the said joint venture. Name(s) of parties with whom the agreement is entered: M/s. Venkata Rami Reddy Constructions; M/s. Charvitha Enterprizes and Mr. R. Venkata Reddy.

Purpose of entering into the agreement: For execution of Comprehensive Signalling and Telecommunication Works for Provision of Automatic Block Signalling System in Vemulapadu - Muddanur Section of Guntakal Division in South Central Railway.