Meeting Details

The 64th Annual General Meeting will be held on Thursday, 20th August 2026 at 4:00 PM through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in electronic mode only, without physical attendance of members, in compliance with MCA Circulars including No. 09/2024 dated September 19, 2024.

Proposed Resolutions and Implications

Ordinary Business:

1. Adoption of Audited Financial Statements: Resolution to approve audited annual financial statements for year ended 31st March 2026, including balance sheet, profit and loss statement, cash flow statement, consolidated financial statements, Directors' report, and auditors' report.

2. Reappointment of Director: Resolution to reappoint Mr. T Kumar (DIN: 07826033) who retires by rotation and is eligible for reappointment.

3. Declaration of Dividend: Resolution to declare dividend @ Rs. 4 per equity share of Rs. 10 each fully paid-up for financial year ended March 31, 2026, payable to members on the Register of Members as on 13th August 2026.

Special Business:

4. Variation in Remuneration - Mr. Ashwin Chandran: Special resolution to vary terms to ensure approved remuneration becomes minimum remuneration payable in event of inadequacy of profits or loss during his tenure as Chairman and Managing Director (01 April 2026 to 31 March 2029).

5. Variation in Remuneration - Mr. Prashanth Chandran: Special resolution to vary terms for minimum remuneration payable in event of profit inadequacy for Vice Chairman and Managing Director (01 April 2026 to 31 March 2029).

6. Variation in Remuneration - Mr. T Kumar: Special resolution to vary terms for minimum remuneration payable in event of profit inadequacy for Executive Director (01 April 2026 to 31 March 2029).

7. Variation in Remuneration - Mr. Ravi Kumar Abburu: Special resolution to vary terms for minimum remuneration payable in event of profit inadequacy for Director-Technical Textiles (01 April 2026 to 31 March 2029).

8. Ratification of Cost Auditor Remuneration: Ordinary resolution to ratify remuneration of Rs. 4.50 lakhs plus travel expenses payable to Mr. R. Krishnan, Cost Accountant (Registration 7799) for auditing cost records for financial year 2026-27.

Voting Process and Methods

The company provides remote e-voting facility through MUFG Intime India Private Limited:

  • Voting Period: 9:00 AM on 16th August 2026 to 5:00 PM on 19th August 2026
  • Cut-off Date: 13th August 2026 for determining voting eligibility
  • Voting Methods:
  • Individual shareholders with demat accounts can vote through NSDL/CDSL platforms
  • Physical shareholders and non-individual shareholders can vote through InstaVote platform
  • Institutional shareholders have specialized voting procedures through Custodian/Corporate Body/Mutual Fund registration

Scrutinizer Appointment

Mr. Madhusudhanan, Company Secretary in Practice, has been appointed as scrutinizer to scrutinize the remote e-voting process in a fair and transparent manner.

Results Announcement

The results of e-voting along with voting by ballot at the AGM will be announced by the Chairman within two working days of conclusion of the meeting. Results will be hosted on the company's website (www.precot.com), MUFG Intime website, and intimated to stock exchanges.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 34(1)(a))
  • Companies Act, 2013 (Sections 102, 108, 148, 152, 197, 198)
  • Companies (Management and Administration) Rules, 2014
  • Companies (Audit and Auditors) Rules, 2014
  • MCA Circulars permitting electronic AGMs
  • SEBI Master Circular on KYC requirements for dividend payments

Dividend Distribution Details

  • Dividend will be credited/dispatched within 30 days from date of declaration
  • For dematerialized shares: payment based on beneficial ownership from NSDL/CDSL as of business hours on 13th August 2026
  • Subject to TDS deduction as per Income Tax Act, 1961
  • Physical shareholders must be KYC compliant by 13th August 2026 to receive dividend

Share Transfer Book Closure

The Register of Members and Share Transfer books will remain closed from 14th August 2026 to 20th August 2026.

Additional Information

  • The Annual Report is uploaded on company website (www.precot.com)
  • Explanatory statement pursuant to Section 102 of Companies Act, 2013 is provided for special business
  • Corporate Identification Number (CIN): L17111TZ1962PLC001183
  • The company has not defaulted in repayment of any debt/debentures/public deposits