Voting Results of Postal Ballot under Regulation 44(3) of SEBI (LODR) Regulations, 2015
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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 conducted a postal ballot via remote e-voting between June 15 and July 14, 2025, to seek shareholder approval for a material related party transaction with Victora Stock Invest Private Limited. As on the record date of June 6, 2025, the company had 13,879 shareholders holding 1,38,48,512 equity shares of ₹10 each. Out of 1,38,48,512 total shares, only 12,59,279 votes (about 9.09% of equity) were polled validly, since promoter group entities and Mr. Hardeep Singh Banga (a related party connected to Victora Stock Invest) were barred from voting. Of the valid votes cast, 12,59,105 (99.986%) were in favour and just 174 (0.014%) were against. The ordinary resolution was deemed passed on July 14, 2025, with voting results signed off by the Scrutinizer Yogesh Saluja & Associates.
The related party transaction with Victora Stock Invest is now formally approved, allowing the company to proceed with it, but shareholders should note that promoter entities (which hold a large chunk of shares) were not allowed to vote, so the approval reflects only about 9% of the share base. Low voter turnout combined with related-party approval is worth monitoring for governance purposes.