Enclosed are the announcements taken up in the board meeting held on May 30, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At its board meeting on May 30, 2025, Precision Electronics approved the appointment of Mr. Manmohan Singh, a Chartered Accountant with over a decade of experience in finance, audit, and taxation, as the new Chief Financial Officer and Key Managerial Personnel, effective the same day. The board also accepted the resignation of Ms. Veenita Khurana as Company Secretary and Compliance Officer, effective close of business on June 30, 2025, citing personal reasons. Separately, Mr. Narender Malik was appointed as GM – Operations. On the business front, the company secured significant orders worth Rs. 68 crore in the Aerospace & Defence segment from local and global customers, to be executed within FY 2025-26. To support growth, the company has leased an additional office in Sector 20A, Faridabad, and a new manufacturing facility in Sector 58, Faridabad, both expected to be operational within two months.
The Rs. 68 crore order win is a strong positive for the small-cap company, signaling traction in the high-margin Aerospace & Defence segment and providing good revenue visibility for FY26. The expansion of office and factory capacity directly supports execution of this order book. The transition in the Company Secretary role (effective June 30) is a minor short-term governance item, but with a new CFO also coming on board, investors should watch for continuity in financial reporting and compliance over the next quarter.