Detailed intimation with respect to re-appointment of Ms. Preeti Grover (DIN: 00128513) as Independent Director of the Company is attached
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Precision Electronics Ltd reported Q1 FY26 revenue of Rs. 22.26 crore, more than tripling from Rs. 7.19 crore in Q1 FY25. Net loss narrowed sharply to Rs. 28.27 lakh from Rs. 1.80 crore a year ago, while loss per share improved to Rs. 0.20 from Rs. 1.30. The Board approved re-appointment of Ms. Preeti Grover as Independent Director for a second 5-year term starting September 24, 2025, subject to shareholder approval. Mr. Punit Bajaj was appointed as new Company Secretary and Compliance Officer to fill a vacancy from the previous CS's resignation. The company also appointed Yogesh Saluja & Associates as Secretarial Auditor for five years (FY26–FY30). The management highlighted a fresh order book of Rs. 56 crore in the Aerospace & Defence segment for execution during FY26.
Strong year-on-year revenue growth and reduced losses indicate improving operational momentum, supported by new defence and aerospace orders — a positive signal for shareholders. Routine governance changes (director re-appointment, new CS, new secretarial auditor) maintain board continuity and compliance.