Pan Electronics India Ltd

AGM Details

• AGM held on 28 September 2026 at 3:30 PM via VC/OAVM.
• Record date for entitlements: 21 September 2026.

Key Resolutions and Outcomes

• Resolution 1: Adoption of financial statements and reports; ordinary, passed.
• Resolution 1 voting: 25 in favour, 1 against; total 26.
• Resolution 2: Reappointment of Abhishek Prakash Talreja; ordinary, passed.
• Resolution 2 voting: 25 in favour, 1 against; total 26.
• Resolution 3: Increase in borrowing limits under Companies Act; special, passed.
• Resolution 3 voting: 25 in favour, 1 against; total 26.

AGM Details

• AGM held on 28 Sep 2026 at 3:30 PM IST via video conferencing/AVM.
• Remote e-voting from 25 Sep 2026 9:00 AM to 27 Sep 2026 5:00 PM.
• Meeting duration: 3:30 PM to 4:12 PM IST.

Key Resolutions

• Adoption of financial statements and reports (Ordinary).
• Re-appointment of director by rotation (Ordinary).
• Increase in borrowing limits under Section 180(1)(c) (Special).

Voting Results

• Voting results to be announced; available on BSE and company site within 48 hours.

Director Changes

• Director rotation: incumbent director to be re-appointed (Ordinary).

Pan Electronics (India) Limited – Trading Window closed from October 01, 2026 up to 48 hours after the declaration of Financial Results of the Company for the quarter ended September 30, 2026

AGM notice and scheduling

• 43rd AGM scheduled for Sep 28, 2026 at 3:30 PM IST via VC/OAVM.
• Notice and Annual Report for FY2025-26 sent to registered emails; non-registered addresses can access online.
• Notice and Annual Report also available on company and BSE websites.
• Cut-off date for e-voting is Sep 21, 2026; remote e-voting starts Sep 25 and ends Sep 27.
• Remote e-voting window is Sep 25, 2026 09:00 to Sep 27, 2026 17:00.
• Shareholders must update PAN, email, KYC, and nomination details under SEBI guidelines.
• Dividends for folios with incomplete PAN/KYC will be paid electronically only after updates.

Financial performance

• Revenue from operations ₹332.87 lakh for FY2025-26.
• Total revenue ₹333.17 lakh; YoY decline from ₹483.26 lakh.
• Net loss ₹208.58 lakh; prior year ₹374.27 lakh loss.
• Basic EPS ₹-5.21; no dividend declared.
• Total expenses ₹541.75 lakh; cost pressures on materials.
• Profit before tax ₹-208.58 lakh; continuing operations only.
• No transfer to reserves due to losses.

Capital structure & liquidity

• Authorized share capital ₹10 crore; paid-up ₹4 crore; no change.
• Non-current borrowings ₹38.81 crore; current ₹0; total ₹38.81 crore.
• Net worth negative at ₹28.49 crore.
• Cash & bank balances ₹43.24 lakh total; cash ₹13.86 lakh; margin ₹29.38 lakh.
• Current ratio 5.38x; DSCR −2.17; debt/equity negative due to deficit.
• Borrowing limits proposed to be raised to ₹100 crore by Special Resolution.

Operations & business

• Products: capacitors and MMP films; no change in business nature.
• No subsidiaries or joint ventures.
• Mgmt aims at revival via new business opportunities; positive outlook.

Governance & risk

• Board: 4 directors; independent directors on board; governance framework.
• Audit Committee comprised of 3 members; NRC and Stakeholders committees.
• Ind-AS non-compliance flagged: IND AS 116, 109, 115; data gaps cited.
• Secretarial audit flagged Section 180(1)(c) breach; regularization underway.
• Corporate governance report exemption due to threshold limits; not applicable.
• Risk management policy in place; financial risk controls and D&O insurance.

Related party transactions

• Loans with promoter/related entities; significant lender balances.
• Loans from Mr. Gullu Gellaram Talreja: ₹5.89 crore roughly; repayments.
• Loans/transactions with Gemini entities; balances at year-end disclosed.
• Note 42: related party disclosures detailing loans and outstanding balances.

Audit & compliance flags

• Independent Auditor SKSVM & Co.: qualified opinion due to IND AS non-compliance.
• Secretarial auditor notes non-compliance with Section 180(1)(c) and Section 73.
• Management committed to address gaps and strengthen controls.

Outlook & risks

• Outlook cautious; revival plan with expansion opportunities in industry.
• Macro and regulatory risks; inflation, supply-chain volatility discussed.
• Green initiatives; emphasis on electronic communications with shareholders.
• Going concern basis stated in Directors' Responsibility Statement.

Book closure details

• Book closure: Sep 22, 2026 to Sep 28, 2026 (inclusive) for AGM.
• Record date: Sep 21, 2026, determining AGM entitlement.
• Security: Equity shares of Pan Electronics India Limited (PANELEC).
• Purpose: Annual General Meeting.

AGM & Voting Details

• 43rd AGM to be held via VC/OAVM on 28 September 2026 at 3:30 PM IST
• Record date fixed as 21 September 2026
• Remote e-voting from 25 September 2026, 9:00 AM to 27 September 2026, 5:00 PM IST
• Vivek Bhat, Practicing Company Secretary, Bangalore, appointed as e-voting scrutinizer

Board Actions

• Draft Board's report for the financial year ended 31 March 2026 approved