AGM Details

The 47th Annual General Meeting will be held on Wednesday, September 16, 2026, at 11:00 a.m. (IST) through Video Conference/Other Audio-Visual Means. The venue is deemed to be the Registered Office at D-1081, New Friends Colony, New Delhi - 110025.

Ordinary Business Items

1. Adoption of Financial Statements

To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026, together with Reports of the Board of Directors and Auditors thereon. This requires an ordinary resolution.

2. Re-appointment of Director

To consider and approve the re-appointment of Mr. Ashok Kumar Kanodia (DIN: 00002563) who retires by rotation as a Director. This requires an ordinary resolution.

Special Business Items

3. Material Related Party Transaction with Victora Stock-Invest Private Limited

To approve material related party transaction for obtaining unsecured loan(s) from Victora Stock-Invest Private Limited (VSIPL) up to an aggregate value of ₹30,00,00,000 (Thirty Crore) during the period from the 47th AGM until the next AGM.

  • VSIPL is a related party as Mr. Hardeep Singh Banga (father of director Mr. Amitbir Singh Banga) holds 24.88% in Precision Electronics and 48.55% in VSIPL
  • Interest rate: 10% per annum, payable quarterly
  • Purpose: Working capital requirements, capex, and general corporate purposes
  • Debt to Equity Ratio impact: From 1.73 to 3.75 (assuming entire loan classified as long-term debt)
  • Debt Service Coverage Ratio impact: From 1.07 to 0.34
  • Requires ordinary resolution

4. Material Related Party Transaction with Victura Technologies Private Limited

To approve material related party transactions with Victura Technologies Private Limited (formerly Victora Auto Private Limited) up to an aggregate value of ₹25,00,00,000 (Twenty-Five Crore) during the period from the 47th AGM until the next AGM.

  • Transactions include purchase/sale of goods, services, job work arrangements, and fixed assets
  • VTPL is a related party as Mr. Hardeep Singh Banga holds 92.59% in VTPL and Mr. Amitbir Singh Banga is a director in VTPL with 0.03% shareholding
  • FY 2025-26 transactions: Purchase of ₹1.27 crore, Sales of ₹0.27 crore
  • FY 2026-27 transactions (up to June 2026): Purchase of ₹0.30 crore, Sales of ₹1.02 crore
  • Requires ordinary resolution

5. Sale of Noida Land and Building

To approve the sale/disposal of the company's Noida land and building situated at Plot No. 10 & 11, Block-D, Sector-3, Noida, Gautam Budh Nagar, Uttar Pradesh - 201301, admeasuring approximately 4,732.23 square meters.

  • Property to be sold to non-related parties at not less than independent valuation
  • Sale proceeds to be used for working capital, capex, debt reduction, and general corporate purposes
  • Requires special resolution under Section 180(1)(a) of Companies Act, 2013 and Regulation 37A of Listing Regulations

Voting Arrangements

The company is providing remote e-voting facility through NSDL from Saturday, September 12, 2026, at 09:00 A.M. (IST) to Tuesday, September 15, 2026, at 05:00 P.M. (IST). E-voting will also be available during the AGM for those who haven't voted remotely.

Cut-off Date

Wednesday, September 9, 2026, has been fixed as the cut-off date for determining members entitled to vote.

Share Transfer Books Closure

The Register of Members and share transfer books will remain closed from Thursday, September 10, 2026, to Wednesday, September 16, 2026 (both days inclusive).

Scrutinizer Appointment

Mr. Yogesh Saluja, Proprietor of M/S. Yogesh Saluja & Associates, Practicing Company Secretaries, has been appointed as Scrutinizer for the e-voting process.

Director Information

Mr. Ashok Kumar Kanodia (DIN: 00002563), Executive Chairman, age 75, holds 102,806 equity shares in the company. He attended 5 out of 5 board meetings in FY 2025-26.

Financial Impact

The related party transactions with VSIPL (₹30 crore) and VTPL (₹25 crore) represent significant financial commitments:

  • VSIPL transaction: 38% of consolidated turnover for FY 2025-26
  • VTPL transaction: 31.65% of consolidated turnover for FY 2025-26
  • Sale of Noida property expected to generate funds for working capital and debt reduction