Pan Electronics (India) Limited Board of Directors approved the schedule for the company’s 43rd Annual General Meeting during its session on August 28, 2026. The meeting is scheduled to take place on September 28, 2026, through Video Conferencing or Other Audio-Visual Means.

The Board fixed September 21, 2026, as the record date for determining shareholder eligibility to vote. Members holding shares in physical or electronic form as on this cut-off date may cast their votes via remote e-voting. The e-voting period runs from September 25, 2026, at 9:00 am to September 27, 2026, at 5:00 pm.

Key Dates and Logistics

The company has appointed Mr. Vivek Bhat, a Practicing Company Secretary based in Bangalore, as the scrutinizer for the e-voting process. This appointment complies with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Board Approvals

In addition to scheduling the AGM, the Board considered and approved the draft Board’s report for the financial year ended March 31, 2026. The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board meeting commenced at 2:00 pm and concluded at 3:00 pm on August 28, 2026. Gullu Gellaram Talreja, Managing Director, signed the disclosure letter addressed to the Listing Manager at the Bombay Stock Exchange.

Pan Electronics (India) Limited reported a net loss of ₹41.24 lakh for the quarter ended June 30, 2026, widening from a loss of ₹5.59 lakh in the corresponding period of FY25. The Pan Electronics board approved the unaudited financial results on August 13, 2026.

Revenue from operations dropped sharply to ₹78.92 lakh, down from ₹196.16 lakh in Q1FY26. This decline was accompanied by a reduction in total expenses to ₹120.22 lakh, compared to ₹201.88 lakh in the prior year quarter. Other income remained negligible at ₹0.05 lakh.

Financial Performance

The company’s cost of materials consumed stood at ₹47.30 lakh, while employee benefit expenses were ₹12.13 lakh. Depreciation and amortisation expenses increased slightly to ₹26.74 lakh from ₹26.41 lakh in the previous year. Finance costs were not reported for the current quarter, whereas they stood at ₹5.33 lakh in Q1FY26.

Balance Sheet Position

As of June 30, 2026, total assets decreased to ₹1,074.93 lakh from ₹1,147.88 lakh as of March 31, 2026. Current assets included cash and cash equivalents of ₹27.74 lakh and trade receivables of ₹174.49 lakh. Inventories stood at ₹150.30 lakh.

On the liabilities side, non-current borrowings rose to ₹3,909.40 lakh, up from ₹3,880.79 lakh in the preceding quarter. The company had no current borrowings as of June 30, 2026. Trade payables were recorded at ₹44.50 lakh. Equity share capital remained unchanged at ₹400.00 lakh, while other equity showed a deficit of ₹3,290.49 lakh.

What the Numbers Show

The divergence between revenue decline and expense reduction highlights operational scaling challenges. While revenue fell by approximately 60% year-on-year, total expenses decreased by roughly 40%. Specifically, depreciation expenses remained relatively flat at ₹26.74 lakh despite the significant drop in revenue, indicating high fixed-cost rigidity. Additionally, the absence of finance costs in Q1FY27, compared to ₹5.33 lakh in Q1FY26, suggests a potential change in debt servicing patterns or accounting classification, though non-current borrowings actually increased during the period.