Intimation of Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Precision Electronics' board approved its Q1 FY26 (quarter ended June 30, 2025) unaudited standalone financial results, showing revenue from operations of Rs. 22.26 crore, up sharply from Rs. 7.19 crore in Q1 FY25, a roughly 3x year-on-year jump. Net loss narrowed to Rs. 28.27 lakh from Rs. 1.80 crore in the year-ago quarter, and EPS loss improved to Rs. 0.20 from Rs. 1.30. The board re-appointed Ms. Preeti Grover as Independent Director for a second five-year term (Sept 24, 2025 to Sept 23, 2030), subject to shareholder approval. Mr. Punit Amarpalsingh Bajaj was appointed as the new Company Secretary and Compliance Officer effective August 6, 2025, filling the vacancy left by the previous CS's resignation. The board also appointed M/s. Yogesh Saluja & Associates as Secretarial Auditor for five years (FY26–FY30). The 46th AGM is scheduled for September 22, 2025. The company disclosed an order book of Rs. 56 crore for execution in FY26, driven by new orders in the Aerospace & Defence segment (customer names withheld due to confidentiality).
A strong positive signal for shareholders: revenue more than tripled YoY, losses narrowed significantly, and a Rs. 56 crore order book in defence/aerospace provides good near-term revenue visibility. Leadership continuity (independent director re-appointment) and a newly appointed CS replacing a departed one are routine governance items and likely price-neutral on their own.