Outcome of the Meeting of the Board of Directors held on November 11, 2025
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 Limited (Scrip Code 517258) announced its unaudited Q2 FY26 results (quarter ended Sept 30, 2025). Income from operations rose to Rs. 15.55 crore (up ~48% YoY from Rs. 10.48 crore), while H1 FY26 revenue more than doubled to Rs. 37.82 crore from Rs. 16.67 crore. However, the company posted a net loss of Rs. 1.40 crore in Q2 FY26 and Rs. 1.69 crore in H1 FY26, though losses narrowed compared to the prior year. The board disclosed a fresh order book of about Rs. 50 crore in the Aerospace & Defence segment, with Rs. 47 crore to be executed in FY26 itself. On the board, Mr. Amitbir Singh Banga (son of promoter Hardeep Singh Banga, who holds 24.88%) was appointed as Additional Director, while Mr. Harbir Singh Banga resigned citing personal reasons. The auditor issued an unqualified limited review report, but other equity turned negative (Rs. -1.35 crore) and operating cash flow slipped into negative territory.
Strong revenue growth and a Rs. 50 crore Aerospace & Defence order book provide near-term revenue visibility, which is a positive. However, continuous losses, negative other equity, weak operating cash flow, and rising borrowings (Rs. 49.93 crore total) raise concerns about financial health and warrant close monitoring by shareholders.