Detailed intimation with respect to appointment of Mr. Punit A. Bajaj as Company Secretary and Compliance Officer
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Precision Electronics Ltd's board, at its August 6, 2025 meeting, approved Q1 FY26 results showing revenue from operations of Rs. 22.26 crore, more than tripling from Rs. 7.19 crore in Q1 FY25, while net loss narrowed to Rs. 28.27 lakh from Rs. 1.80 crore. The board appointed Mr. Punit A. Bajaj as the new Company Secretary and Compliance Officer, filling the vacancy left by the resignation of the previous CS, and appointed M/s. Yogesh Saluja & Associates as Secretarial Auditors for five years (FY26–FY30). Independent Director Ms. Preeti Grover was re-appointed for a second 5-year term from September 24, 2025, subject to shareholder approval. The company also disclosed a current order book of Rs. 56 crore from the Aerospace & Defence segment for execution in FY26, and scheduled the 46th AGM for September 22, 2025.
Strong revenue growth and a sharply reduced loss suggest improving operational momentum, supported by a Rs. 56 crore order book in the defence segment; the governance changes are routine but the prior CS resignation is a minor watch point. Overall, the update is mildly positive for shareholders given the improving financial trajectory.