Scrutinizer''s Report for Postal ballot conduct by the Company
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Awaiting price reaction for this filing.
Precision Electronics Limited conducted a Postal Ballot through remote e-voting from June 15 to July 14, 2025, seeking shareholder approval for one ordinary resolution on a material related party transaction with Victora Stock Invest Private Limited. The company has 1,38,48,512 total equity shares across 13,879 shareholders as of the June 6, 2025 record date. Of the valid votes cast (12,59,279), an overwhelming 12,59,105 votes (99.986%) were in favor and only 174 votes (0.014%) were against the resolution. Promoter and promoter group votes totaling 36,48,132 shares were excluded as invalid since they are interested parties in the transaction. Scrutinizer Yogesh Saluja & Associates confirmed the resolution was passed with the requisite majority on July 14, 2025.
The related party transaction with Victora Stock Invest has been cleared by public shareholders, allowing the company to proceed with it. Note that promoter votes were barred from this resolution due to their related party interest, which is standard SEBI practice for RPT approvals and limits the influence of controlling shareholders on this specific item.