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Precision Electronics Ltd. Interim / Quarterly Report 2026

Nov 11, 2025

60386_rns_2025-11-11_e49acfe5-5233-44a6-ae3d-8a5a0633294e.pdf

Interim / Quarterly Report

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PEL/BSE/30/2025-26

November 11, 2025

BSE Limited, Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001

Scrip Code- 517258

Dear Sir/ Ma'am,

Sub: Outcome of the Meeting of the Board of Directors held on November 11, 2025

Ref: Disclosure under Regulation 30 and 33 of the Securities and Exchange Board of India Regulations, 2015 ("SEBI LODR

In accordance with Regulation 33 and Regulation 30 read with Schedule III of the SEBI LODR Regulations, the Board of Directors of the Company, in their meeting held today, i.e. Tuesday, November 11, 2025, inter alia, has transacted the following items of business:

    1. Approved Unaudited Financial Results of the Company for the 2 quarter and six months ended September 30, 2025, along with the limited review reports of Auditors thereon pursuant to Regulation 33 of SEBI LODR Regulations, as recommended by the Audit Committee. Copies of the Unaudited Financial Results of the Company for the 274 quarter and six months ended September 30, 2025, along with the limited review reports of Auditors thereon, are enclosed herewith as Annexure - A.
    1. Appointment of Mr. Amitbir Singh Banga (DIN: 07163599) as an Additional Director (Non-Executive, Non-Independent) of the Company, effective today, i.e., November 11, 2025, as recommended by the Nomination and Remuneration Committee.

The requisite details, as mandated under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed herewith as Annexure — B along with his brief profile.

  1. Accepted the Resignation of Mr. Harbir Singh Banga (DIN: 00011584) as the Director (Non-Executive & Non-Independent) of the Company with effect from today/e.;Novembnr 11, 2025, due to personal reasons and his professional commitments. / o0, \

O uq/ PTGC/S/ Ofllce

New Delhi-110025 D-1081, New Friends Colony,

Noida Office D-10, Sector-3, Noida 201301, Gautam Buddh Nagar, Uttar Pradesh, India Tel.: +91-120-2551556 / 1557 /5176 / 5177 Fax: +91-120-2524337

The requisite details, as mandated under SEBI Circular ~ No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, along with his resignation letter, are enclosed herewith as Annexure - C.

The Company has received orders from local and global customers in the Aerospace & Defence segment. Due to confidentiality clauses and commercial sensitivity, names cannot be disclosed. The order book as of 1%t November, 2025, stands at about Rs. 50 Crore, of which about Rs. 47 Crore is for execution during the current financial year 2025-26.

The requisite details, as mandated under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed as Annexure - B

The Meeting of the Board of Directors commenced at 2.00 p.m. and concluded at 03:50 p.m.

The above information is also available on the website of the Company: www.pel-india.in

Please display this notice on the website of the Exchange for the information of all concerned.

Thanking you,

Encl: as above

Noida Office D-10, Sector-3, Noida 201301, Gautam Buddh Nagar, Uttar Pradesh, India Tel.: +91-120-2551556 / 1557/ 5176/ 5177 Fax: +91-120-2524337

Registered Office D-1081, New Friends Colony, New Delhi-110025

NEMANI GARG AGARWAL & CO. ]

CHARTERED ACCOUNTANTS | INDIA 1517, DEVIKA TOWER, 6, NEHRU PLACE, NEW DELHI- 110 019. Camp Office: Ch. No.5, Kamadgiri Aptt., Kaushambi, Ghaziabad-201010 Br. Office: B-602, Silver Sands CHS, Piramal Nagar Goregaon (West), Mumbai — 400104

Limited review report on Unaudited Quarterly and Half year Ended Standalone Financial Results of Precision Electronics Limited for the Quarter and Half Year Ended Sept 30, 2025,pursuant_to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 '

To

The Board of Directors Precision Electronics Limited

D-1081, New Friends Colony New Delhi - 110025

  1. We have reviewed the accompanying statement of unaudited standalone financial results of. ] Precision Electronics Limited. ('the Company') for the quarter and half year ended 30" September, 2025 ('the Statement'), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5th July, 2016.

This Statement, which is the responsibility of the Company's Management and approved by the i Board of Directors, has been prepared in accordance with the recognition and measurement 1 principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express an opinion on these standalone financial results based on our review.

    1. We conducted our review of the Statement in accordance with the Standard on Review i Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to 1 whether the Statement is free of material misstatement. A review is limited primarily to ] inquiries of Company's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do ' not express an audit opinion. |
    1. Based on our review conducted as stated above, nothing has come to our attention that causes ! us to believe that the accompanying Statement, prepared in accordance with the recognition } and measurement principals laid down in the applicable Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, read with relevant rules issued there under and other recognised accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI

Tel.-0120-4374727 Mob.-9811026144 (SKN), 9223230576 (SNR), 9810842989 (JMK), 9810893480 (DCK) Email ID: nemani6 1 @gmail.com, [email protected] 'WebSite. : sknemani.com

(Listing Obligations and Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5™ July, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Nemani Garg Agarwal & Co. Firm Regn. No. 010192N Chartered Accountants

a bpr / 'u/' L/! J

Jeetmal Khandelwal Partner M.No.: 074267 UDIN:- 9 L;QjH ZCLT';MO\' A"i (')271

Place : Noida Dated: November 11, 2025

Tel.-0120-4374727 Mob.-9811026144 (SKN), 9223230576 (SNR), 9810842989 (JMK), 9810893480 (DCK) Email ID: [email protected]. [email protected] 'WebSite. : sknemani.com

Statement of Un-audited Financial R PRECISION ELECTRONICS LTD. Regd.Office: -1081, New Friends Colony, low Delhi-110 065 ult for the Quarter and Half year ended 30th Septembor, 2025 CIN : L32104DL1979PLC009590

3 months ended Amount Rs. In Lakhs
Particulars 3 months ended
on 30.09.2025 Un-
Audited
on 30.06.2025
Un-Audited
3 months ended
Audited
6 months ended
Audited
6 months ended
on 30.09.2024 Un- on 30.09.2025 Un- on 30.09.2024 Un-
Audited
Year ended on
31.03.2025
Audited
I. Income from Operations 1.555.32 2,226.35 1,047.74 3,781.67 1.766.67 4.710.41
II. Other Income 11.68 11.94 8.76 23.62 9.89 37.96
III. Total Income (I+II) 1.567.00 2,238.29 1,056.50 3,805.29 1,776.56 4,748.37
IV. Expenses
Cost of Material consumed 758.26 1,410.64 506.41 2.168.90 835.40 2,408.43
Purchase of stock in trade
Changes in inventory of finished goods, work in progress
and stock in trade
29.64 159.48 88.46 189.12 67.63 (238.14)
Other Direct Costs 215.64 118.23 155.16 333.87 280.10 583.37
Employee benefit expenses 278.40 235.72 190.77 514.12 402.60 827.39
Finance costs 89.60 84.30 61.76 173.90 117.65 258.12
Depreciation and amortization expenses 39.36 44.02 15.57 83,38 29.92 87.59
Other expenses 297.05 224.49 194.16 521.54 409.92 802.80
Total Expenses 1,707.95 2,276.87 1,212.30 3,984.83 2,143.23 4,729.56
V. Profit/ (Loss) before exceptional items and extraordinary items
and tax (III-IV)
(140.94) (38.58) (155.80) (179.53) (366.68) 18.81
VI. Exceptional Items
VII. Profit/ (Loss) before extraordinary items and tax (V-VI) (140.94) (38.58) (155.80) (179.53) (366.68) 18.81
VIII. Extraordinary items
IX. Profit/ (Loss) before tax (VII-VIII) (140.94) (38.58) (155.80) (179.53) (366.68) 18.81
X. Tax expenses
Current Tax expenses
Earlier Year Taxes 4.10 21.05 4.10 42.10
Deferred Tax expense/(Income) (4.62) (10.31) (59.80) (14.93) (111.53) (7.75)
Earlier years deferred tax expenses 84.20
XI Profit/(Loss) for the period (IX-X) (140.42) (28.27) (117.05) (168.70) (297.25) (57.64)
XII Other Comprehensiv Income/(Loss) (net of taxes) (2.11) (2.11) (4.22) (8.55)
XIII Total Comprehensive Income (XI-XII) (142.53) (30.38) (117.05) (172.92) (297.25) (66.19)
XIV Paid up Equity Share Capital (Face Value Rs.10 per share)
XV Earning per share (EPS) (in Rs.)
1,384.85 1,384.85 1,384.85 1,384.85 1,384.85 1,384.85
- Basic and Diluted before extraordinary items (1.01) (0.20)
- Basic and Diluted after extraordinary items (1.01) (0.20) (0.85)
(0.85)
(1.22)
(1.22)
(2.15)
(2.15)
(0.42)
(0.42)

For Nemani Garg Agarwal & Co. Firm Regn. No. 010192N Chartered Accountants

Band 7 )

J.M. Khandelwal Partner MNo.: 074267

Date : 11.11.2025 Place : Noida Vot . 2§0%b\7/€1m0'14\1 (249

For and on behalf of the Board For Precision Eloctronics Ltd

'y o=

Nikhil Kanodia Managing Director DIN: 03058495

PRECISION ELECTRONICS LIMITED

Particulars As at 30.09.2025 As at 31.03.2025
A
ASSETS
Non-Current Assets
1
(@) Property, Plant and Equipments 1,388.90 1,396.78
(0) Intangible assels 1405 1834
Right to Use assets
(G
1,47.79 -
(¢) Capital Work n Progress 1.758.33 507.03
(€) Financial Assets
) Investments - -
i) Other financial assets 248,49 159.91
() Deferred tax assets (Net) 34760 331.28
(g) Other non-current assets 2544 982,95
Sub Total 5,130.09 3,306.20
Current Assets (a) Inventories
2
172419 2,010.89
(b) Financial Assets
i) Investments - 123184
ii) Trade receivables 181376 2278
i) Cash and Cash Equivalents 17.47
545.56
560.34
v) Bank balances other than Cash and Cash Equivalents 199.91 167.12
v) Other financial assets 17.94 16.40
(c) Current tax assets 42974 307.54
(d) Other current assets (Net) 4748.57 731602
Sub Total
TOTAL ASSETS 967925 7,712.30
EQUITY AND LIABILITIES
B.
1
Equity (a) Equity share Caplital
1,084.88 1,384.88
(135.27) 37.65
(b) Other Equity 124961 142253
Sub Total
Liabilities
2
Non Current
Liabilities
(a) Financial
Liabilties
) Borrowings 281064 2,771.80
il Lease liabilties 132245 872
(b) Provisions 12395 104.59
(c) Deferred tax liabilty (Net) -
(d) Other Non current liabilties =
425704
288520
Current Liabilities
3
(a) Financial Liabilties
i) Borrowings 218244 185207
il Trade payables 1161.07 913,68
i) Other financial iabilties 456.74 264.40
(b) Other current liabiities. 547.52 356,67
(c) Provisions 14.83 17.76
Sub Total 737261 3,404.58
TOTAL LIABILITIES 987925 7,712:30
  1. The above Unaudited financial result of the Company for the quarter and half year ended 30th September, 2025 as reviewed by the Audit Committee and were approved by the Board of Directors at their meeting held on 11th November, 2025. The Statutory Auditors of the Company have carried out a Limited Review of aforesaid resuit

  2. Result for the quarter and half year ended 30th September, 2025 are in compiiance with the Indian Accounting Standard (Ind-AS) as prescried under Companies ( Indian Accounting Standards ) Rules, 2015.

  3. The figures of the previous period have been regrouped/ rearranged wherever considered necessary.

For Nemani Garg Agarwal & Co. For and on behalf of the Board Firm Regn. No. 010192N For Precision Electronics Ltd J Chartered Accouptants -

Partner Nikhil Kanodia M.No.: 074267 Managing Director DIN: 03058495 Date : 11.11.2025 Place : Nolda

\C/L m// A .j A/& 1M. Khandelwal /

VDTV 250634203 TNOT A (299~

Cash Flow Statement for the half year ended September 30, 2025

—_— — =

Amount Rs. In Lakhs
Particulars For the half year ended For the year ended
30 September, 2025
31March, 2025
CASH FLOW FROM OPERATING ACTIVITIES
Total Comprehensive Income (172.92) (66.19)
Adjustments for:
Depreciation and amortization expenses 8338 8759
Profit on disposal of property, plant and equipment 027 -
Deferred Tax (16.41) (10.75)
Dividend and interest income classified as investing cash flows (23.60) (19.98)
Finance costs 173.90 25812
(Change in operating assets and liabilties 451 24878
(Increase) / dearease in trade and other recelvables (s81.82) 6561
(Increase) / decrease In inventories 286.69 (s88.21)
Increase/(decrease ) in trade payables 24739 298.54
(Increase) / decrease in other financial assets (101.97) 11013
(Increase)/decrease in other non-current assets (a.12) (172,
(Increase)/decrease in other current assets (123.79) (94.55)
Increasel(decrease) in provisions 1234 388
Increase/(decrease) in Other non current Liabilities 0.02 004
Increase/ ( decrease )in other current liabilities 190.85 7.01
Cash generated from operations (29.7a) 4951
Income taxes paid 410 -
Prior period adjustments
Net cash inflow from/(used) operating actvities (25.65) 4951
Il. {CASH FLOW FROM INVESTING ACTIVITIES
Payments for property,plant and equipment (including Capital
Advances) 88145 (1,822.98)
Payment for CWIP (1,251.30) (507.03)
Right to use 4458 -
Proceeds from sale of property, plantand equipment. 871 67.40
Interest received 23.60 19.98
Decrease /(Increase ) in Term Deposits with Banks (5.62) (485.99)
Net cash flow from /{used) in investing act (298.58) (2.729.61)
I, [CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from borrowings 77720 3,003.14
Repayment of borrowings (284.39) (145.84)
Interest Paid (net) (173.90) (258.12)
Net cash flow from /{used) ifinancing activiies. 318.91 268818
IV, NET INCREASE /(DECREASE) IN CASH & CASH EQUIVALENTS (1+11+1ll) (5.31) 8.08
V. [CASH & CASH EQUIVALENTS AT THE BEGINNING OF THE FINANCIAL YEAR 278 1470
Effects of exchange rate changes on cash and cash equivalents
VI._ CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 17.47 2278

NOTES Change in Equity

1 The Statement of cash flow has been prepared under the indirect method as set out in the IND AS -7 " Statement of Cash Flow" issued by the institute of Chartered Accountants of India.

2 Figures in bracket indicate cash outflow.

3 Cash and Cash equivalents (note ) CashIn hand 1691 2223 Balances with Scheduled banks in Current accounts 056 055 Balances per statement of cash flows 17.47 22.78

As per our report of even date attached.

J.M. Khandelwal Nikhil KanedTa

Place : New Delhi Date: 11.11.2025

For Nemani Garg Agarwal & Co. For and on behalf of the Board of Directors Firm Regn. No. 010192N For Precision Electronics Ltd % Chartered Accountants A, - ~o VYN et

Partner Managing Director M.No.: 074267 DIN: 03058435

VDTN -258034200%m 0y AY (297

Annexure B

Disclosure of Information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024: -

Mr. Amitbir Singh Banga (DIN: 07163599)
Name
for
change
Reason
appointment,—re-appeintment Director
resignation, removal-death-or Company
otherwise;

viz. Appointment of Mr. Amitbir Singh Banga, as Additional
Non-Independent)
of
the
(Non-Executive
&
Date of appointment /
eessation{as-appliecable) &
term of appointment
Date of appointment - November 11, 2025
Term of appointment - He shall hold office up to the date of
the ensuing Annual General Meeting.
Brief Profile: Amitbir
Banga,
aged
Singh
holds
Mr.
years,
Post
32
a
Management
(PGDM)
Diploma
Graduate
Business
in
in
Management
Annamalai
Administration
from
and
Postgraduate
Degree
University,
and
Financial
in
a
Management from Arizona State University - W.P. Carey
School of Business.
He has over a decade of rich experience in the automotive
industry and has been associated with Victura Technologies
known
as Victora Auto Private
Private Limited
(formerly
Limited) (''VTPL') since 2015, where he worked in various
managerial
from
gaining
extensive
2015
roles
2017,
to
operational
and
experience.
Since
strategic
2017,
has
he
been serving as a Director in the company, where he has
company's
rebranding
played
pivotal
role
the
in
a
enhancing
positioning
group's
and
financial
the
performance by effectively aligning all resources. He is also
domain
well-acquainted
which
business
with
the
in
Precision operates.
Disclosure of relationships Mr. Amitbir Singh Banga is the brother of Mr. Harbir Singh

Noida Office

D-10, Sector-3, Noida 201301, Gautam Buddh Nagar, Uttar Pradesh, India Tel.: +91-120-2551556 / 1557 / 5176 / 5177 Fax: +91-120-2524337

ral%gistcred Office ew Delhi-110025 1081, New Friends Colony,

between Directors inter se
Manager and KMPs
He

Company.
the
Non-Executive Director
of
the
Banga,
Technologies
Victura
in
Director
as
a
serves
presently
Private Limited, which qualifies as a Related Party as per
the provisions of Section 2(76) of the Companies Act, 2013,

and Regulation 2(1)(zb) of the Listing Regulations.
Further, his father, Mr. Hardeep Singh Banga, who holds \
the Company, also holds 92.59%
shareholding in
24.88%
'
shareholding in VTPL along with directorship therein.
Information as required
ref. no. LIST/COMP/14/2018-
19
o
s
Mr. Amitbir Singh Banga is not debarred from holding the
pursuant to BSE Circular with office of director by virtue of any SEBI order or any other
such authority.

Noida Office D-10, Sector-3, Noida 201301, Gautam Buddh Nagar, Uttar Pradesh, India Tel.: +91-120-2551556 / 1557/ 5176/ 5177 Fax: +91-120-2524337 Email : [email protected], Website : www.pel-india.in

Registered Office D-1081, New Friends Colony, New Delhi-110025

CIN: L32104DL1979PLC009590,UDYAM-UP-28-0002995

Annexure C

Disclosure of Information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024: -

Name Mr. Harbir Singh Banga
Reason for
change viz.
appointment,
resignation,—removal;
death-er-etherwise;
professional
and
his
reasons
personal
to
due
Resignation
commitments.
Date of
appeintment/cessation
(as applicable) & term
of appointment
November
2025
(end
from
resignation is
The
effective
11,
of
Business Hours).
Brief Profile: Not Applicable
Disclosure of
relationships between
Directors inter se
Manager and KMPs
Not Applicable
Disclosure in terms of
Regulation 30 read with
Clause 7B of Part A of
Schedule III of SEBI
Regulation.
no
other
there
is
confirmed
that
has
Harbir Singh
Banga
Mr.
material reason for the said resignation.

Noida Office D-10, Sector-3, Noida 201301, Gautam Buddh Nagar, Uttar Pradesh, India Tel.: +91-120-2551556 / 1557 / 5176/ 5177

Registered Office D-1081, New Friends Colony, New Delhi-110025

November 11, 2025

To The Board of Directors Precision Electronics Limited

Subject: Resignation from the Directorship of the Company

Dear Sir/Madam,

| hereby tender my resignation from the position of Director of Precision Electronics Limited, with effect from 11th November 2025.

This decision has been taken due to personal reasons and other professional commitments. | confirm that there are no other material reasons for my resignation other than those mentioned above.

| take this opportunity to thank the Board of Directors and the management of Precision Electronics Limited for the support and cooperation extended to me during my tenure. It has been a pleasure being associated with the Company.

Kindly acknowledge this letter and arrange for the necessary filings with the Registrar of Companies to give effect to my resignation.

Thanking you

Yours sincerely,

Harbir Singh Banga DIN: 05313332

Annexure D

Disclosure of Information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Particulars Details
Name
awarding
the
entity
of
the
order(s)/contract(s)
{
The Company has received orders from local
customers
Aerospace
and
global
the
&
in
Defence
Due
segment.
confidentiality
to
names
commercial
clauses
and
sensitivity,
cannot be disclosed.
Significant terms and conditions customer
Order
Suppl;
PRY
the
as
er
p
specifications.

Whether
have
been
order(s)
contract(s)
/
awarded
domestic/
international
by
or
to
entity
awarded
Domestic
Contracts
have
been
by
and International entities.
Nature of order(s) / contract(s) Supply Order
Whether domestic or international Domestic and international
Time period by which the order(s)/contract(s)
is to be executed or is awarded
Within the current financial year
Broad
consideration
the
size
or
of
order(s)/contract(s)
Rs. 47 Crore for execution during the current
financial year 2025-26 and Rs. 3 Crore in
FY
2026-27
Whether the promoter/ promoter group / No
companies
group
have
any
interest
the
in
entity that awarded the order(s)/contract(s) or
in the entity to which the order(s) / contract(s)
awarded?
nature
and
interest
yes,
of
is
If
details thereof
Whether the order(s) / contract(s) would fall No

Noida Office D-10, Sector-3, Noida 201301, Gautam Buddh Nagar, Uttar Pradesh, India Tel.: +91-120-2551556 / 1557 /5176 / 5177 Fax: +91-120-2524337

/New Delhi-110025 a 010 \\ Registered Office cp = |ID-1081, New Friends Colony, sec Al

CIN: L32104DL1979PLC009590,UDYAM-UP-28-0002995

— ['within related party transactions? If yes, whether the same is done at "arm's length"

D-10, Sector-3, Noida 201301, Gautam Buddh Nagar, Uttar Pradesh, India Tel.: +91-120-2551556 / 1557 /5176 / 5177 Fax: +91-120-2524337

D-1081, New Friends Colony, New Delhi-110025