We enclose herewith a copy of the Notice of the Postal Ballot of Precision Electronics Limited
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Awaiting price reaction for this filing.
Precision Electronics Limited has issued a postal ballot notice seeking shareholder approval on two ordinary resolutions. Resolution 1 seeks confirmation of Mr. Amitbir Singh Banga (DIN: 07163599) as a Non-Executive Non-Independent Director; he was earlier appointed as Additional Director with effect from November 11, 2025. Resolution 2 seeks approval to revise the Material Related Party Transaction limit with Victora Stock-Invest Private Limited (VSIPL, an RBI-registered NBFC) from the earlier approved ₹10 crore to ₹25 crore in unsecured loans, to be drawn in one or more tranches within one year. The ₹25 crore proposed limit is equivalent to about 53% of the company's consolidated turnover for FY 2024-25. Mr. Hardeep Singh Banga, father of the new director, holds 24.88% in Precision Electronics and 48.55% in VSIPL, making this a connected related-party arrangement. Remote e-voting via NSDL runs from January 10, 2026 (9:00 AM) to February 8, 2026 (5:00 PM), with results to be announced by February 10, 2026.
Shareholders should evaluate two items: the regularisation of a promoter-group connected director and a 2.5x increase in related-party borrowing from a group NBFC. The enlarged related-party loan limit is significant relative to the company's size (53% of consolidated turnover), and minority shareholders may want to assess whether the terms are truly arm's length given the family linkages between the two entities.