Precision Electronics Ltd

AGM notice and KYC updates

• AGM scheduled for Sept 16, 2026 at 11:00 IST via VC/OAVM.
• Letters sent to shareholders without registered emails with web-links to Notice and Annual Report.
• KYC updation reminder under SEBI circular to update PAN, address, mobile, bank details, and nomination.
• Payment on physical folios to be electronic if KYC details are incomplete, per SEBI circular.
• Queries may be directed to Company Secretary at cs@pel-india.in.

Book closure details

• Book closure: Sep 10, 2026 to Sep 16, 2026, inclusive
• Purpose: 47th AGM to be held on Sep 16, 2026
• Security: Equity shares; BSE code 517258; ISIN INE143C01024
• Event date: AGM on Sep 16, 2026

Financial performance

• Revenue from operations: ₹7,901.65 lakh for FY2025-26.
• Total income: ₹7,973.79 lakh for FY2025-26.
• Profit before tax: ₹143.51 lakh.
• Tax expense: ₹82.62 lakh.
• Net profit after tax: ₹60.90 lakh.
• EBITDA proxy: ₹733.05 lakh.
• EPS: ₹0.44 (basic and diluted).
• Cash flow from operations: ₹401.59 lakh.
• No dividend declared for the year.
• Employees: 162 on 31 March 2026.

Operations & capacity

• Single reportable segment: Defence; focus on telescopic masts and related systems.
• Ballabhgarh facility enables capacity expansion; mast capacity to 4,000/year from 1,200.
• Ballabhgarh site: ~8,000 sq m facility with 2,100 sq m mast hall.
• Operations gradually shifted from Noida to Ballabhgarh to improve efficiency.
• Oversight milestone: overseas defence customer approved Telescopic Mast Systems.

Geography & revenue mix

• Domestic revenue: ₹6,115.72 lakh.
• Export revenue: ₹1,730.92 lakh.
• Total FY2025-26 revenue by geography: ₹7,846.64 lakh.

Capital structure & liquidity

• Total borrowings: ₹5,828.67 lakh; current ₹2,801.49 lakh; lease liabilities ₹1,300.70.
• Net debt: ₹5,819.16 lakh; total equity: ₹1,480.26 lakh.
• Debt to equity: 1.73 (pre) and 3.93 (post).
• Current assets ₹5,301.08 lakh; current liabilities ₹5,181.72 lakh.
• Cash & cash equivalents: ₹9.51 lakh.

Governance & controls

• Statutory auditors: Nemani Garg Agarwal & Co; unmodified opinion.
• Secretarial auditors: Yogesh Saluja & Associates; Annexures B and C.
• Board: 6 directors; Harbir Singh Banga resigned 11-11-2025; Amitbir Singh Banga appointed 11-11-2025.
• CFO appointment: Manmohan Singh; Company Secretary: Punit Bajaj.
• Board meetings held: 5 in FY2025-26.

Related party transactions & governance

• VSIPL: Related party unsecured loan up to ₹30 crore; period from AGM to next AGM.
• VTPL: Related party transactions up to ₹25 crore; ongoing to next AGM.
• FY2025-26 VSIPL transactions: ₹9.70 crore; terms deemed arm's length.
• Committee oversight: Audit Committee reviews all RPTs; related party cannot vote.

Outlook & risks

• Defence indigenisation and rising government spending support growth.
• Growing export opportunities for Indian defence electronics and tactical infrastructure.
• Risks include procurement delays, supply chain constraints, and inflationary pressures.

AGM Details

• AGM on Wednesday, September 16, 2026 at 11:00 a.m. IST via VC/OAVM.
• Cut-off voting entitlements: September 9, 2026.
• Register of Members and share transfer books closed Sept 10-16, 2026.

Ordinary Business

• Adopt audited financial statements for year ended March 31, 2026.
• Re-appoint Ashok Kumar Kanodia as Director by rotation.
• Voting results for ordinary items to be announced at AGM.

VSIPL Related Party Transactions

• Approve unsecured loan transactions with VSIPL up to 30 crore.
• Terms to be in ordinary course and at arm’s length.
• Board/Committee to finalize drawdown and terms.

VTPL Related Party Transactions

• Approve VTPL related party transactions up to 25 crore.
• Transactions include goods/services purchases and asset transfers.
• Aggregate value equals 31.65% of VTPL turnover.
• Arm’s length and ordinary course; no related party vote.
• Disclosures to be placed before Audit Committee.

Sale of Noida Land and Building

• Special resolution to sell Noida land and building.
• Sale to non-related party; price not below independent valuation.
• Proceeds to be used for working capital, capex and debt reduction.
• Board to finalize terms; public-shareholder approval required.
• Enabling resolution; terms determined by Board.
• No directors or relatives have interest in the Noida sale.

Director Changes

• Executive Chairman Ashok Kumar Kanodia to be re-appointed by rotation.
• Annexure provides tenure details.

Results and disclosures

• Board approved unaudited Q1 FY2026 results for quarter ended June 30, 2026.
• Audit Committee reviewed results and they were taken on record.

Noida land sale details

• Sale/disposal of Noida land and building (~4,732 sqm) subject to shareholders' Special Resolution.
• Sale outside Scheme; to unrelated buyers; not a related party; Noida revenue 7,900.55 Lakh; net worth 31.21 Lakh.
• Noida asset transition to Ballabhgarh facility; Noida land not required post-transition.

Segment reporting change

• Defence identified as new reportable segment replacing Telecom, effective this period.

KMP authority and governance

• Board authorised KMPs to determine materiality and disclose events.
• KMPs: Ashok Kumar Kanodia, Nikhil Kanodia, Manmohan Singh.
• Punit A. Bajaj to act as Company Secretary and Compliance Officer.

Trading window

• Trading window closed until Aug 14, 2026; reopens Aug 15, 2026.

Dematerialisation status

• Quarter ended June 30, 2026: dematerialisation processed; depository registered owner updated.
• Dematerialisation certificates were mutilated and cancelled after due verification.
• Depository name substituted as registered owner for dematerialised shares.
• Securities dematerialised listed on BSE Limited (existing securities listing).