PCS Technology concluded its 45th Annual General Meeting (AGM) on September 29, 2026, with shareholders approving all agenda items through remote e-voting and live electronic voting. The meeting, conducted via video conferencing, saw the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The proceedings commenced at 12:30 pm and concluded at 1:09 pm. Vice-Chairman Ashok Kumar Patni presided over the session, delegating statutory proceedings to Chief Executive Officer Bhaskar Patel and Company Secretary Sandip Mavkar. A valid quorum was present, including representatives from three body corporates holding 57,04,679 equity shares.

Key resolutions approved

Shareholders voted on both ordinary and special business items set out in the notice dated August 12, 2026. The following resolutions were passed with requisite majority:

• Adoption of Financial Statements: Approval of standalone and consolidated audited financial statements for FY26, along with Board and Auditor reports.
• Director Re-appointment: Re-appointment of Ashok Kumar Patni as a Director retiring by rotation.
• Related Party Transactions: Approval of material related party transactions with related parties.

Attendance and governance details

The meeting was attended by key managerial personnel and independent directors, though several senior figures were absent due to medical or professional commitments. The Scrutinizer, Ami Sheth, oversaw the voting process, which was facilitated by Central Depository Services (India) Ltd (CDSL).

Notable absences included Chairman Gajendra Kumar Patni, who was granted leave due to sudden medical exigencies, and Independent Director H.C. Tandon, who was absent due to personal exigencies. The Statutory Auditors were also granted leave due to prior professional commitments.

Shareholder engagement

During the open house segment, four shareholder speakers raised queries regarding financial performance and other relevant matters. CEO Bhaskar Patel provided necessary clarifications in response to these inquiries. The facility for proxy appointment was unavailable as the meeting was held entirely through video conferencing.

PCS Technology has scheduled its 45th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will seek shareholder approval for a significant increase in the related-party transaction limit with group company Kalpavruksh Systems Private Limited (KSPL).

The company filed its annual report for FY26 with the Bombay Stock Exchange on September 2, 2026. The AGM will be conducted via video conferencing or other audio-visual means, in accordance with Ministry of Corporate Affairs and SEBI circulars.

AGM Agenda and Related-Party Transactions

The ordinary business includes adopting the audited financial statements for FY26 and re-appointing Mr. Ashok Kumar Patni as a director. A key special business item involves approving material related-party transactions with KSPL.

Transaction Details

The company proposes contracts with KSPL for manpower supply and IT support services. The aggregate value cap is raised from ₹50 lakh to ₹90 lakh for the period from April 1, 2026, until the next AGM. These transactions will be conducted in the ordinary course of business on an arm's-length basis.

Historical Context

The explanatory statement discloses the total value of transactions with KSPL over the past three fiscal years:

The proposed FY27 limit of ₹90 lakh is more than double the actual spend in FY26 (₹37.90 lakh), indicating an anticipated substantial increase in reliance on KSPL for services.

Voting and Compliance

Shareholders holding shares as on the cut-off date of Friday, September 18, 2026, are eligible to vote. Remote e-voting via Central Depository Services (India) Ltd will run from Friday, September 25, 2026, at 10:00 am to Monday, September 28, 2026, at 5:00 pm.

Mr. Ashok Kumar Patni (Director) and Mr. Mir Prakash Jain (CFO), both associated with KSPL, must abstain from voting on this resolution. The company noted it has not declared equity dividends since FY1999.