Re-appointment of Ms. Preeti Grover as an Independent Director for the second term of 5 Years.
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Precision Electronics held its 46th AGM on September 22, 2025, where shareholders approved all 8 resolutions. Key outcomes include the re-appointment of Ms. Preeti Grover as an Independent Director for a second term of 5 years (Sept 24, 2025 to Sept 23, 2030) and the confirmation of Mr. Dinesh Kumar Batra as Independent Director. The audited financial statements for FY ended March 31, 2025 were adopted, with the Statutory Auditor's Report containing no adverse qualifications. Shareholders also approved amending material related party transaction limits with Victura Technologies Pvt Ltd, appointing M/s. Yogesh Saluja & Associates as the new Secretarial Auditor for 5 years (FY 2025-26 to 2029-30), and increasing the company's borrowing limits and asset disposal powers. Mr. Harbir Singh Banga, whose father holds 24.88% of the company, was re-appointed as a director liable to retire by rotation.
This is a routine governance update with no material red flags. The re-appointments ensure board continuity, while the increased borrowing and asset disposal limits give management more financial flexibility. Shareholders should note the related party transaction amendment with Victura Technologies, which is connected to the promoter family.