Precision Camshafts Limited

Key Quantitative Figures

Standalone Financials (₹ lakhs):

  • Total Income FY26: ₹17,270.92
  • Total Expenses FY26: ₹55,332.69
  • Profit Before Tax FY26: ₹7,545.70
  • Exceptional Items FY26: (₹4,889.99) [net expense]
  • Total Tax Expense FY26: ₹2,077.32
  • Profit After Tax FY26: ₹578.39
  • EPS FY26: ₹0.61 (basic and diluted)

Consolidated Financials (₹ lakhs):

  • Total Income FY26: ₹82,471.58
  • Total Expenses FY26: ₹75,669.03
  • Profit Before Tax FY26: ₹7,859.33
  • Exceptional Items FY26: ₹1,056.78 [net gain]
  • Total Tax Expense FY26: ₹2,734.80
  • Profit After Tax FY26: ₹5,124.53
  • EPS FY26: ₹5.40 (basic and diluted)

Dividend: Recommended final dividend of ₹1.00 per equity share (10% on face value of ₹10) for FY26.

Share Capital: Paid-up equity share capital of ₹9,498.58 lakhs (94,985,800 shares of ₹10 each).

Dates of Action

  • Board Meeting: May 22, 2026 (1:00 PM to 5:00 PM IST)
  • Annual General Meeting: July 30, 2026 (3:00 PM via VC/OAVM)
  • Cut-off date for e-voting: July 23, 2026
  • Register of Members closure: July 24-30, 2026 (both days inclusive)
  • Remote e-voting period: July 27, 2026 (9:00 AM) to July 29, 2026 (5:00 PM)
  • Dividend payment: Within 30 days of declaration if approved

Parties Involved

  • Statutory Auditors: MSKA & Associates LLP (formerly M S K A & Associates)
  • Internal Auditors for FY27: M/s BS & Co. LLP
  • Scrutiniser for e-voting: Mr. Jayavant B. Bhave, Proprietor of M/S J. B. Bhave & Co.
  • Subsidiaries: Memco Engineering Private Limited, PCL International Holding B V, Emoss Mobile Systems B V, MFT Motoren und Fahrzeugtechnik GmbH

Exceptional Items Details

Standalone (₹ lakhs):

  • Compensation from customer: ₹1,195.13
  • Labour codes impact: (₹309.55)
  • Impairment of investment in subsidiary: (₹3,000.00)
  • Impairment of loan to subsidiary: (₹2,700.45)
  • Net exceptional items: (₹4,889.99)

Consolidated (₹ lakhs):

  • Compensation from customer: ₹1,195.13
  • Labour codes impact: (₹318.99)
  • Gain on de-consolidation of MFT: ₹935.04
  • FCTR balance reversal for MFT: (₹754.40)
  • Net exceptional items: ₹1,056.78

Financial Impact Disclosure

MFT Subsidiary Insolvency:

  • MFT Motoren und Fahrzeugtechnik GmbH filed for insolvency on September 8, 2025
  • Recognized impairment loss of ₹5,775.57 lakhs on entire investment and loan outstanding
  • Subsidiary de-consolidated from September 8, 2025

New Labour Codes Impact:

  • Government notified four labour codes on November 21, 2025
  • Incremental expense of ₹265.77 lakhs for gratuity liability
  • Incremental expense of ₹53.22 lakhs for leave encashment liability
  • Total impact: ₹319.55 lakhs (standalone), ₹318.99 lakhs (consolidated)

Remuneration Exceedance:

  • Remuneration to Managing Director/Whole-time Directors exceeded limits under Companies Act by ₹111.88 lakhs
  • Matter to be placed before shareholders for approval

Capital Structure Impact

No change in share capital reported. Dividend payment will reduce retained earnings if approved.

Cash Flow Implications

Dividend payment will result in cash outflow if approved by shareholders.

Audit Opinion

Unmodified audit opinion issued by MSKA & Associates LLP for both standalone and consolidated financial results.

Forward-looking Statements

Company will monitor finalization of Central and State Rules on New Labour Codes and provide appropriate accounting effect as needed.