Meeting Details

The 47th Annual General Meeting was held on Wednesday, September 16, 2026 at 11:00 A.M. (IST) through Video Conferencing/Other Audio-Visual Means. The meeting was deemed to be conducted at the Registered Office of the Company situated at D-1081, New Friends Colony, New Delhi - 110025. The meeting concluded at 12:10 P.M. (IST).

Attendance

Directors Present:

  • Mr. Ashok Kumar Kanodia, Executive Chairman
  • Mr. Nikhil Kanodia, Managing Director
  • Ms. Preeti Grover, Independent Director and Chairperson of the Nomination and Remuneration Committee and Stakeholders Relationship Committee
  • Mr. Dinesh Kumar Batra, Independent Director and Chairperson of the Audit Committee
  • Mr. Deepto Roy, Independent Director

In Attendance:

  • Mr. Manmohan Singh, Chief Financial Officer
  • Mr. Punit A. Bajaj, Company Secretary & Compliance Officer

Invitees:

  • Mr. Dinesh Chand Kaushik, Partner M/s. Nemani Garg Agarwal & Co., Chartered Accountant, Statutory Auditor
  • Mr. Yogesh Saluja, M/s Yogesh Saluja & Associates, Secretarial Auditor and Scrutinizer

Members Present: 67 members were present, constituting a quorum as per section 103 of the Companies Act, 2013.

Proceedings Summary

The Chairman, Mr. Ashok Kumar Kanodia, welcomed members and introduced the Directors, Key Managerial Personnel, and other invitees. He briefly discussed the market outlook.

Mr. Nikhil Kanodia, Managing Director, updated members on the business performance for the financial year ended March 31, 2026, and presented the strategy and prospects for FY 2026-27 and beyond.

The Notice convening the 47th AGM, the Board's Report, Auditors' Report, and Secretarial Audit Report for FY ended March 31, 2026 were taken as read. It was informed that the Statutory Auditors' Report contained no adverse qualifications, observations, or comments. The Secretarial Auditor's Report contained a few observations which were described as self-explanatory and had been previously circulated to shareholders.

Voting Process

Remote e-voting commenced on Saturday, September 12, 2026 at 09:00 A.M. (IST) and ended on Tuesday, September 15, 2026 at 05:00 P.M. (IST). Members participating in the meeting had an opportunity to cast votes during the meeting and for 15 minutes after its closure.

Mr. Yogesh Saluja was appointed as Scrutinizer to scrutinize all votes cast and ensure a fair and transparent voting process.

Resolutions Transacted

The following resolutions from the AGM Notice were transacted:

1. Ordinary Resolution: To receive, consider and adopt the audited financial statements of the company for the financial year ended March 31, 2026, together with the reports of the board of directors and the auditors thereon.

2. Ordinary Resolution: To consider and approve the re-appointment of Mr. Ashok Kumar Kanodia (DIN: 00002563), who retires by rotation, as a director. For this item, Mr. Kanodia vacated the chair, which was taken by Ms. Preeti Grover.

3. Ordinary Resolution: To approve material related party transaction with Victora Stock-Invest Private Limited.

4. Ordinary Resolution: To approve material related party transaction with Victura Technologies Private Limited (formerly known as Victora Auto Private Limited).

5. Special Resolution: To consider and approve the sale/disposal of the Noida Land and Building of the Company situated at Plot No. 10 & 11, Block-D, Sector-3, Noida, Gautam Budh Nagar, Uttar Pradesh - 201301.

Shareholder Engagement

Pre-registered speaker shareholders were invited to ask questions or express views. The Chairman and Managing Director responded to all questions with adequate details/replies. The Managing Director provided general guidance on future prospects.

Documentation and Results

All requisite documents were available for electronic inspection by members during the meeting on the company website www.pelindia.in without any fee from the date of notice circulation until the conclusion of the AGM.

The results of the remote e-voting and e-voting conducted during the AGM will be announced after receipt of the Scrutinizer's Report and will be placed on the company website (www.pel-india.in), NSDL website (https://www.evoting.nsdl.com), and disseminated to BSE Limited (www.bseindia.com).

Conclusion

The AGM concluded at 12:10 P.M. with the Chairman thanking all participants. The e-voting facility remained open for an additional 15 minutes for members who had not cast votes through remote e-voting.