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Awaiting price reaction for this filing.
Precision Electronics Limited (BSE: 517258) has filed its Annual Report for FY 2024-2025 along with the notice for its 46th Annual General Meeting, to be held on Monday, September 22, 2025 at 3:00 PM via video conferencing. Key business items at the AGM include adoption of audited financials for FY ending March 31, 2025, re-appointment of Mr. Harbir Singh Banga (director retiring by rotation), confirmation of Mr. Dinesh Kumar Batra as Independent Director, and re-appointment of Ms. Preeti Grover as Independent Director for a second 5-year term (Sept 2025 to Sept 2030). The company is also seeking shareholder approval for related party transactions with Victura Technologies Private Limited up to Rs. 25 crore per year for FY 2025-26 to FY 2027-28, appointment of a new Secretarial Auditor (M/s. Yogesh Saluja & Associates) for 5 years, and an increase in borrowing limits up to Rs. 250 crore under Section 180(1)(c) along with related powers to create charges on company assets.
Routine annual filing with no immediate impact on stock price, but shareholders should note the proposed related party transactions with Victura Technologies (Rs. 25 crore/year for 3 years), the significant proposed increase in borrowing capacity to Rs. 250 crore, and the director re-appointments requiring their vote at the upcoming AGM.