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(19 Feb 2024, 11:13)

Kaynes Tech rises on incorporating subsidiary in Karnataka

Kaynes Technology India advanced 2.14% to Rs 2,855 after the company incorporated a wholly owned subsidiary company (WOS) named ‘Kaynes Mechatronics’ (KMPL) on 16 February 2024.


KMPL is proposing to undertake operations in electronics industry primarily in Karnataka, India.

Ramesh Kunhikannan and Jairam P Sampath, the promoters and directors of the company are appointed as directors in KMPL and represent Kaynes Tech in or on the board of KMPL.

Kaynes Mechatronics is incorporated with a paid-up capital of Rs 1 lakh to carry on the business of manufacturers, traders, dealers, wholesalers, retailers, importers, and exporters of high precision machining, sheet metal fabrication, dies, moulds, tool, fixtures making, plastic injection.

KMPL will also carry out other moulding, design and manufacturing of all mechanical assemblies including electronic part, parts of electrical, automotive, appliance, aerospace, defence, testing of assemblies and sub assembl...

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