Confirmation of the Appointment of Mr. Dinesh Kumar Batra as an Independent Director of the Company, according to Regulation 25(2A) of the Listing Regulations.
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Precision Electronics held its 46th Annual General Meeting on September 22, 2025, via video conferencing, with a quorum of 54 members present. Shareholders approved the audited financial statements for FY ended March 31, 2025, and passed all eight resolutions. Key board changes include the re-appointment of Mr. Harbir Singh Banga (who retires by rotation), the confirmation of Mr. Dinesh Kumar Batra as Independent Director for a five-year term, and the re-appointment of Ms. Preeti Grover as Independent Director for a second five-year term (till September 23, 2030). Shareholders also approved the appointment of M/s. Yogesh Saluja & Associates as the new Secretarial Auditor for five years, increased the company's borrowing limits under Section 180(1)(c), authorised asset disposal/leasing under Section 180(1)(a), and approved amended material related party transaction limits with Victura Technologies Private Limited.
These are routine governance approvals with no negative implications; the continuation of the existing board structure and expanded borrowing/asset disposal authorities give the company more operational flexibility. Promoter family stake remains significant, with Mr. Hardeep Singh Banga holding 24.88% of shares.