Annual General Meeting Details

The 34th Annual General Meeting (AGM) of Precision Camshafts Limited will be held on Thursday, July 30, 2026, at 3:00 PM (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

Ordinary Business Agenda

1. To receive, consider and adopt:

  • (a) Audited Standalone Financial Statements for FY ended March 31, 2026, including Reports of Board of Directors and Auditors
  • (b) Audited Consolidated Financial Statements for FY ended March 31, 2026, including Reports of Auditors

2. To declare final dividend of ₹1 per equity share of ₹10 each for FY ended March 31, 2026

3. To appoint a director in place of Mr. Karan Y. Shah (DIN:07985441) who retires by rotation and offers himself for re-appointment

Special Business Agenda

Item 4: Ratification of Cost Auditor Remuneration (Ordinary Resolution)

  • Ratification of remuneration of ₹1,50,000/- plus taxes and out-of-pocket expenses
  • Payable to M/s. S. V. Vhatte & Associates, Cost Accountants (Membership No: 7501, Firm Registration No. 100280)
  • Appointed to conduct cost audit for FY ending March 31, 2027
  • Board approved appointment on May 22, 2026

Item 5: Approval of Excess Remuneration to Executive Directors for FY 2025-26 (Special Resolution)

  • Ratification of remuneration paid to Executive Directors exceeding limits under Section 197 and Schedule V of Companies Act, 2013
  • Due to inadequacy or absence of profits during FY 2025-26
  • Based on recommendation of Nomination and Remuneration Committee and Board of Directors

Item 6: Approval of Remuneration to Mr. Yatin S. Shah for FY 2026-27 (Special Resolution)

  • Payment of remuneration to Mr. Yatin S. Shah (DIN: 00318140), Chairman and Managing Director
  • May exceed limits under Section 197 and Schedule V in event of inadequacy or absence of profits
  • Up to overall limit of ₹3,82,50,000 per annum or higher amount as decided by Board
  • Based on recommendation of Audit Committee, Nomination and Remuneration Committee and Board approval

Item 7: Approval of Remuneration to Mr. Ravindra R. Joshi for FY 2026-27 (Special Resolution)

  • Payment of remuneration to Mr. Ravindra R. Joshi (DIN: 03338134), Whole-time Director and CFO
  • May exceed limits under Section 197 and Schedule V in event of inadequacy or absence of profits
  • Up to overall limit of ₹3,14,50,000 per annum or higher amount as decided by Board
  • Based on recommendation of Nomination and Remuneration Committee and Board approval

Item 8: Approval of Remuneration to Mr. Karan Y. Shah for FY 2026-27 (Special Resolution)

  • Payment of remuneration to Mr. Karan Y. Shah (DIN: 07985441), Whole-time Director
  • May exceed limits under Section 197 and Schedule V in event of inadequacy or absence of profits
  • Up to overall limit of ₹78,00,000 per annum or higher amount as decided by Board
  • Based on recommendation of Audit Committee, Nomination and Remuneration Committee and Board approval

Financial Performance Disclosure

  • Revenue from Operations for FY 2025-26: ₹57,754.77 Lakhs
  • Net Profit for FY 2025-26: ₹578.39 Lakhs
  • Reasons for inadequate profits: Decline in revenue, volatility in raw material prices, higher logistics and freight costs, increased energy costs from global geopolitical developments

Company Background

  • Nature of Industry: Manufacturing and supply of high-precision Camshafts
  • Commenced commercial operations in 1992
  • Wholly owned subsidiary: PCL NL
  • No material foreign collaborations

Voting Information

  • Remote e-voting period: July 27, 2026 (9:00 AM) to July 29, 2026 (5:00 PM)
  • Record date: July 23, 2026
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Jayavant B. Bhave, Proprietor of M/s J. B. Bhave and Co., Company Secretaries, Pune

Dividend Payment Details

  • Final dividend: ₹1 per equity share of ₹10 each
  • TDS cut-off date: July 23, 2026
  • Dividend payment through electronic mode only as per SEBI circular
  • Registrar and Transfer Agent: MUFG Intime India Private Limited

Virtual Meeting Arrangements

  • AGM conducted through VC/OAVM as per MCA and SEBI circulars
  • Members can join 15 minutes before scheduled time
  • Facility available for 1000 members on first-come-first-served basis
  • Large shareholders, promoters, institutional investors, directors, KMPs exempt from attendance restriction

Explanatory Statement Disclosures

For Mr. Yatin S. Shah

  • Past remuneration in FY 2025-26: Not explicitly stated in disclosure
  • Promoter and shareholder of the Company
  • Related to Mr. Karan Y. Shah and Mrs. Suhasini Y. Shah

For Mr. Ravindra R. Joshi

  • Past remuneration in FY 2025-26: ₹2,77,13,398
  • No direct or indirect pecuniary relationship with Company except employment remuneration and nominal shareholding

For Mr. Karan Y. Shah

  • Past remuneration in FY 2025-26: ₹70,94,408
  • Promoter and shareholder of the Company
  • Related to Mr. Yatin S. Shah and Mrs. Suhasini Y. Shah

Additional Notes

  • Notice available on company website: www.pclindia.in
  • No physical copies of documents dispatched
  • Members requested to update email IDs and contact details with Depository Participants
  • Facility for nomination available by filing Form SH-13