Detailed Summary

Meeting Details

The 34th Annual General Meeting of Precision Camshafts Limited was held on Thursday, July 30, 2026, via Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting commenced at 3:00 PM IST and concluded at 4:10 PM IST. The deemed location was the company's registered office at D-5, M.I.D.C., Chincholi, Solapur - 413255, Maharashtra, India.

Attendance

A total of 45 members/authorized representatives were present at the AGM (44 members and 1 authorized representative).

Board Members Present

Nine board members attended the meeting:

1. Mr. Yatin S. Shah - Chairman & Managing Director (Chairperson of Corporate Social Responsibility Committee and Risk Management Committee)

2. Mr. Ravindra R. Joshi - Whole-time Director & CFO

3. Mr. Karan Y. Shah - Whole-time Director

4. Dr. Suhasini Y. Shah - Non-Executive Director (Chairperson of Stakeholders Relationship Committee)

5. Mrs. Savani A. Laddha - Independent Woman Director (Chairperson of Audit Committee and Nomination and Remuneration Committee)

6. Mr. Suhas J. Ahirrao - Independent Director

7. Dr. Ameet N. Dravid - Independent Director

8. Mrs. Anagha S. Anasingaraju - Independent Director

9. Ms. Apurva P. Joshi - Independent Director

Authorized representatives of Statutory Auditor, Secretarial Auditors and Internal Auditors were also present.

Voting Process

Remote e-voting facility was provided through NSDL from Monday, July 27, 2025, 9:00 AM IST to Wednesday, July 29, 2025, 5:00 PM IST. Mr. Jayavant B. Bhave, Proprietor of M/s. J. B. Bhave & Co., Practicing Company Secretaries, Pune was appointed as Scrutinizer to oversee the voting process.

Resolutions Passed

All eight resolutions set out in the AGM notice were passed with requisite majority:

1. Ordinary Resolution: Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, including Reports of Board of Directors and Auditors; and Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, including Reports of Auditors

2. Ordinary Resolution: Declaration of final dividend of ₹1 per equity share of ₹10 each for FY ended March 31, 2026

3. Ordinary Resolution: Re-appointment of Mr. Karan Y. Shah (DIN: 07985441) as director who retires by rotation

4. Ordinary Resolution: Ratification of remuneration of Cost Auditors for FY ending March 31, 2027

5. Special Resolution: Approval of payment of remuneration paid to executive directors in excess of limits specified under Section 197 and Schedule V of Companies Act, 2013 for FY 2025-26

6. Special Resolution: Approval of payment of remuneration to Mr. Yatin S. Shah, Chairman and Managing Director, in event of inadequacy or absence of profits for FY 2026-27

7. Special Resolution: Approval of payment of remuneration to Mr. Ravindra R. Joshi, Whole-Time Director and CFO, in event of inadequacy or absence of profits for FY 2026-27

8. Special Resolution: Approval of payment of remuneration to Mr. Karan Y. Shah, Whole-Time Director, in event of inadequacy or absence of profits for FY 2026-27

Additional Information

The Chairman delivered a speech providing an overview of the industry and company performance. Members had the opportunity to ask questions, which were addressed by the Chairman and Managing Director. The voting results along with the scrutinizer's report were to be disseminated through stock exchanges and placed on the company website (www.pclindia.in) within two working days from meeting conclusion.