Proceedings of 46th Annual General Meeting of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Precision Electronics Ltd held its 46th AGM on September 22, 2025 via video conferencing, with all 8 resolutions passed by shareholders through remote e-voting. The meeting saw the adoption of audited financial statements for FY ending March 31, 2025, and the re-appointment of Mr. Harbir Singh Banga as a director liable to retire by rotation. Ms. Preeti Grover was re-appointed as an Independent Director for a second 5-year term (Sept 24, 2025 to Sept 23, 2030), and Mr. Dinesh Kumar Batra's appointment as Independent Director was confirmed. Shareholders also approved amending material related party transaction limits with Victura Technologies Private Limited, appointed M/s. Yogesh Saluja & Associates as the new Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30), and cleared proposals to increase the company's borrowing limits and allow the sale, lease, or disposal of company assets under Sections 180(1)(c) and 180(1)(a) of the Companies Act, 2013. The quorum of 54 members was present, and the Statutory Auditor's Report contained no adverse qualifications.
The cleared resolutions give the company wider flexibility to raise debt, monetize assets, and conduct related-party transactions with Victura Technologies (where director Harbir Singh Banga is involved), which could signal upcoming expansion or restructuring. The new secretarial auditor and re-appointments are routine corporate housekeeping and unlikely to move the stock on their own.