Procal Electronics India Ltd

Board actions

• Approved unaudited standalone Q1 FY2026 results.
• Limited review by statutory auditors conducted.
• Statement of audit qualifications submitted with unaudited results.

Financial highlights

• Total income for quarter ended 30-06-2026: ₹114.48 lakhs.
• Net loss for the quarter: ₹1.31 lakhs.
• EPS (basic & diluted): -0.04.

Operational status & balance sheet

• Company non-operational; no employees as at reporting date.
• Inventory balance Nil; PPE Nil.
• Bank accounts inoperative due to pending KYC.

Capital structure

• Paid-up equity share capital: ₹350.00 lakhs; face value ₹10.

Audit notes

• Going concern: material uncertainty acknowledged by management.

Board meeting details

• Board meeting held on 14 Aug 2026; 5:30–6:30 PM.

Meeting Details

• Date: 14 August 2026; venue: registered office; time not disclosed.

Key Agenda Items

• Unaudited quarterly results for quarter ended 30 June 2026.
• Audit report on unaudited quarterly results for quarter ended 30 June 2026.
• Any other matters with the permission of the chairman.

Dematerialisation/rematerialisation status

• Securities have been listed on the stock exchanges.
• No physical certificates were received for demat in the reporting period.
• No dematerialisation/rematerialisation requests were received in the reporting period.

Resolution: Auditor Appointment

• Resolution: appoint M/s SSRV & Associates as statutory auditors from EGM until next AGM
• Type: Ordinary Resolution
• Remuneration to be determined by management in consultation with auditors, plus taxes and expenses
• Term: hold office from conclusion of EGM to conclusion of the upcoming AGM
• Board authorized to file necessary e-forms and related acts
• No Director/KMP interests other than potential shareholding
• Explanatory: casual vacancy existed; board recommends appointment

Scrutinizer appointment for EOGM

• Board approves appointment of Mr. Nitesh Chaudhary as Scrutinizer for EOGM voting (e-voting and polls) to ensure fairness.

EGM notice and governance

• Approved EOGM notice for 3 August 2026 to be held via VC/OAVM.
• Approved draft Explanatory Statement forming part of the EOGM notice.
• MD authorized to issue the EOGM notice and perform related actions.

Auditor appointment

• Auditor appointment to be approved by Members at EOGM.
• SSRV & Associates proposed as Statutory Auditors to fill casual vacancy.
• Term from conclusion of EOGM until conclusion of ensuing AGM.
• Remuneration will be fixed by the Board.

Company Secretary

• Agenda for appointment of Company Secretary withdrawn.

Meeting Details

• Date: Friday, 10 July 2026; Time: not disclosed; Location: registered office of the company.

Key Agenda Items

• Resignation tendered by the statutory auditors to be taken on record and approved.
• Proposal for the appointment of a statutory auditor to fill the casual vacancy, subject to shareholder approval.
• Proposal for appointment of Company Secretary.
• Any other matters with permission of chairman.

Clarification on delay in disclosure

• Company clarifies delay in submitting disclosure under Regulation 30 due to BSE suspension and financial constraints.
• In absence of full-time Company Secretary and compliance support, the auditor resignation disclosure was inadvertently delayed.
• Disclosure was submitted to BSE immediately on noticing the lapse; there was no intent to withhold information.
• Company is taking steps to strengthen internal compliance and monitoring to ensure timely regulatory filings.