Panasonic Energy India Company Ltd

AGM and annual report access

• AGM scheduled on Sep 14, 2026 at 01:00 PM IST via VC/OAVM.
• Venue deemed the Registered Office at GIDC, Makarpura, Vadodara, Gujarat.
• Annual Report 2025-26 and AGM notice accessible online via the company website.

Shareholder communications and KYC

• Cut-off date for emailing unregistered address(es): 14/08/2026.
• SEBI KYC requirements mandate updating PAN, address, mobile and bank details for physical holders.

Dematerialisation and payments

• Physical holders without updated details may receive payments only electronically.

Contacts

• Investor relations and RTA contact emails and phone numbers provided.

AGM & Book Closure

• 54th AGM scheduled for September 14, 2026 via video conferencing.
• Book closure from September 7, 2026 to September 14, 2026 (both days inclusive).
• Purpose: AGM and related share transfer actions.

Key dates

• Purpose: record date to determine dividend payment.
• Record date: Saturday, September 5, 2026.
• AGM: 54th AGM on Monday, September 14, 2026 (VC/AV).
• Venue: Registered office in GIDC, Makarpura, Vadodara, deemed meeting venue.

Financial performance

• Revenue from operations rose to INR 27,003.18 lakh from INR 26,841.47.
• Profit before tax stood at INR 632.74 lakh; tax expense 284.06; PAT INR 348.68.
• EPS declined to INR 4.65 from INR 15.70.
• Dividend proposed: INR 1.95 per share; total around INR 146.25 lakh.
• Operating cash flow INR 1,327.65 lakh; investing INR -693.03; financing INR -789.56.
• Net decrease in cash and cash equivalents INR -154.94 lakh.
• Total assets INR 14,577.53 lakh; total equity INR 10,316.74 lakh; no borrowings.
• Geographic revenue: India INR 26,776.78 lakh; Rest of world INR 142.30 lakh.
• Single operating segment: Batteries; focus on premium alkaline and coin cell growth.

Capital structure & liquidity

• Equity share capital: INR 750.00 lakh; Net worth: INR 10,316.74 lakh.
• No bank borrowings reported; liquidity supported by cash/bank balances around INR 276.76 lakh.
• Balance sheet totals: assets INR 14,577.53 lakh; liabilities INR 4,260.79 lakh; equity INR 10,316.74 lakh.
• Dividends: Final dividend proposed; payout timing within 30 days post-declaration.
• Panasonic Holdings Corporation continues to hold 58.06% stake (4,354,144 shares).

Governance & audit

• Chairman & MD changed: Akio Fujita appointed 01.07.2025; Akinori Isomura resigned 30.06.2025.
• Independent Directors: Deepti Sharma, Jayesh Mehta, Srinivas Gunta.
• Statutory auditors M/s BSR & Co; modified opinion due BWMR compliance issues.
• Internal financial controls flagged for a material weakness related to BWMR closing process.
• Secretarial Auditor: M/s J. J. Gandhi & Co; no qualifications reported.
• 54th AGM scheduled for 14 Sep 2026 via VC/OAVM; e-notice to members.
• Major related-party disclosures indicate arm's-length transactions with Panasonic group.

Operations & product highlights

• One operating segment: Batteries; focus on Indian market with expanded digital sales.
• New EVOLTA YUVA entry-level alkaline batteries launched to broaden alkaline portfolio.
• Strengthened distribution network; Sales Force Automation (SFA) implemented for distributor management.
• Brand campaigns: EVOLTA YUVA, Protect What Matters, Power Zyada for safety and reliability.
• Dry battery mix: zinc carbon, AAA, AA; alkaline growth with premium positioning.
• Rechargeables marketing with Eneloop brand maintained to sustain premium perception.

Environment, CSR and sustainability

• Annex: Pithampur factory is carbon neutral; zero wastewater discharge; 50% land forested.
• CSR: Jalway Government School renovation in Dhar, MP; includes classrooms, washrooms, water facilities.
• CSR spend: INR 14.75 lakh; two percent of average net profit INR 12.56 lakh; carry-forward INR 2.19 lakh.
• Annual CSR report and impact assessments disclosed on company website.

Risks & outlook

• BWMR compliance remains challenging; no provisions recognised yet; ongoing representations to government.
• Regulatory costs and potential environmental compensation not quantified; Delhi HC proceedings ongoing.
• Market: competitive pressure from low-cost imports in alkaline batteries; trade-down risks possible.
• Outlook: growing demand for AAA, alkaline, and coin cells; government policy support aids growth.

Corporate governance disclosures

• Familiarization programs for directors; independence confirmed; detailed board skills matrix published.
• Committees: Audit, Nomination & Remuneration, Stakeholders Relationship; meetings conducted as per policy.
• Secretarial and internal controls comply with applicable SEBI/LODR requirements.
• Shareholding: Panasonic Holdings Corporation remains the parent with 58.06% stake.

Auditors' report highlights

• Revenue recognition identified as key audit matter; management policies reviewed for compliance with Ind AS.
• Auditors note BWMR-related uncertainties; management cannot quantify the impact of BWMR provisions.
• Internal control weaknesses acknowledged; reliance on representations to determine potential impact.

CSR & ESG specific items

• Annexure-B details CSR composition and project list; average net profit and CSR obligations disclosed.
• CSR assets created: renovation of government school, Jalway, MP; project location and beneficiary details provided.

AGM Details

• AGM scheduled for 14 September 2026 at 01:00 PM IST via Video Conferencing.
• Notice forms part of the Annual Report for FY 2025-26.

Registered office change

• Existing registered office: GIDC Makarpura, Vadodara, Gujarat 390010.
• Proposed registered office: Plot No. 112, Industrial Area, Sector 3, Pithampur, Dhar MP 454774.
• MOA alteration: Clause II updated to Madhya Pradesh.
• Rationale: operations based in MP since 2022; alignment and efficiency.
• Board approval: August 07, 2026; subject to shareholder and regulatory approvals.
• Approvals required: special shareholders resolution and Regional Director; other approvals as needed.
• Effective date: upon receipt of requisite approvals and filings.

Financial performance

• Revenue from operations: ₹6,351.55 lakh; total income: ₹6,426.20 lakh for quarter ended 30 Jun 2026.
• YoY revenue growth ~9.5%; total income ~8.9% higher.
• PAT rose to ₹165.74 lakh; EPS ₹2.21.
• Implied gross margin ~40% based on materials cost ₹3,786.67 lakh.
• Profit before tax ₹229.28 lakh; tax ₹63.54 lakh; net ₹165.74 lakh.
• Labour code impact: exceptional item ₹339.77 lakh.
• Auditors: Limited Review with Modified Opinion; BWMR and going-concern notes.
• Fire at Pithampur plant on July 5–6, 2026; insured; non-adjusting event.
• Single reportable segment: batteries; standalone results.

Regulatory & risk notes

• BWMR non-compliance; representations filed; no provision recognized due to uncertainty.
• Delhi High Court case on E-Waste/BWMR pricing; matter under consideration.
• Going concern not affected by fire; restoration and continuity planned.

Corporate actions

• Board approved shifting registered office to Pithampur, Madhya Pradesh.
• In-principle approval for transfer of Vadodara leasehold rights on the GIDC plot.

Balance sheet & liquidity

• Total assets ₹150.28 crore; net worth ₹104.80 crore.
• Current tax ₹128.12 lakh; deferred tax ₹(64.58) lakh; total tax ₹63.54 lakh.

Business model & segments

• Battery sales form the sole Ind AS 108 reportable segment.