Precision Camshafts declares ₹1 dividend, reappoints Karan Y. Shah

Precision Camshafts Limited shareholders approved a final dividend of ₹1 per equity share of ₹10 each for the financial year ended March 31, 2026, during the company’s 34th Annual General Meeting (AGM) held on July 30, 2026. The resolution passed as an ordinary resolution, marking the distribution of profits to investors following the adoption of the audited standalone and consolidated financial statements for FY26.

The AGM was conducted via Video Conferencing/Other Audio-Visual Means (OAVM) from the company’s registered office in Solapur, Maharashtra. The meeting commenced at 3:00 PM IST and concluded at 4:10 PM IST. A total of 45 attendees were present, comprising 44 members and one authorized representative. Harshal J. Kher, Company Secretary and Compliance Officer, facilitated the proceedings, while Yatin S. Shah, Chairman and Managing Director, chaired the session.

Key Resolutions Passed

Shareholders transacted several businesses, including ordinary and special resolutions. The key outcomes included the re-appointment of Karan Y. Shah, who retires by rotation, and the ratification of the remuneration of Cost Auditors for the financial year ending March 31, 2027.

Item No.	Resolution Detail	Type
1	Adoption of Audited Standalone and Consolidated Financial Statements for FY26	Ordinary
2	Declaration of final dividend of ₹1 per equity share	Ordinary
3	Re-appointment of Karan Y. Shah as Director	Ordinary
4	Ratification of Cost Auditors’ remuneration for FY27	Ordinary
5	Approval of excess remuneration to Executive Directors for FY26	Special

Executive Remuneration Approvals

The shareholders also passed three special resolutions approving the payment of remuneration to executive directors in the event of inadequacy or absence of profits for the financial year 2026-27. These approvals covered:

Yatin S. Shah, Chairman and Managing Director
Ravindra R. Joshi, Whole-Time Director and Chief Financial Officer
Karan Y. Shah, Whole-Time Director

Additionally, the company sought approval for the payment of remuneration paid to executive directors in excess of the limits specified under Section 197 and Schedule V of the Companies Act, 2013, for the financial year 2025-26.

Voting Process and Compliance

The company utilized remote e-voting facilities provided by NSDL, available from July 27, 2026, to July 29, 2026. Jayavant B. Bhawe of M/s. J. B. Bhawe & Co., Practicing Company Secretaries, Pune, served as the scrutinizer for the voting process. All resolutions were passed with the requisite majority. The consolidated voting results and scrutinizer’s report were disseminated to stock exchanges and published on the company’s website within two working days of the meeting’s conclusion, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.71%	+0.77%	-4.53%	-6.04%	-24.24%	+38.29%

Precision Camshafts Limited has recommended a final dividend of ₹1 per equity share of ₹10 each for the financial year ended March 31, 2026. If approved by shareholders, the total cash outflow will amount to ₹949.86 Lakhs. The dividend will be paid on or before August 28, 2026, subject to the deduction of Tax Deducted at Source (TDS). The record date to determine shareholder eligibility is Thursday, July 23, 2026.

The company has scheduled its 34th Annual General Meeting (AGM) for Thursday, July 30, 2026, at 3:00 PM IST. The meeting will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) without physical presence. Shareholders will consider the adoption of audited standalone and consolidated financial statements for FY26 and the declaration of the final dividend. The Register of Members and Share Transfer Books will remain closed from Friday, July 24, 2026, to Thursday, July 30, 2026.

Executive Remuneration

The AGM notice includes special resolutions seeking shareholder approval for remuneration paid to executive directors in excess of limits specified under Section 197 and Schedule V of the Companies Act, 2013 for FY26, citing inadequacy of profits. The aggregate remuneration paid to the Managing Director and Whole-time Directors for FY26 was ₹661.88 Lakhs, against an aggregate permissible limit of ₹530.00 Lakhs, resulting in excess remuneration of ₹131.88 Lakhs.

The Board seeks approval for remuneration limits for FY27 for the following directors:

Director	Designation	Proposed Remuneration Limit (FY27)	Remuneration (FY26)
Mr. Yatin S. Shah	Chairman and Managing Director	₹3,82,50,000	₹3,13,81,055
Mr. Ravindra R. Joshi	Whole-time Director and CFO	₹3,14,50,000	₹2,77,13,398
Mr. Karan Y. Shah	Whole-time Director	₹78,00,000	₹70,94,408

Additionally, the company seeks ratification for the remuneration of M/s. S. V. Vhatte & Associates, Cost Accountants, for the financial year ending March 31, 2027, at a proposed remuneration of ₹1,50,000 plus taxes and out-of-pocket expenses.

E-Voting and Meeting Details

Remote e-voting will commence on Monday, July 27, 2026, at 9:00 AM and conclude on Wednesday, July 29, 2026, at 5:00 PM. Shareholders whose names appear in the register of members as on the record date of July 23, 2026, are eligible to vote. Physical attendance is dispensed with, and no proxy appointments are permitted. Mr. Jayavant B. Bhave, Proprietor of M/s J. B. Bhave and Co., Company Secretaries, has been appointed as the scrutinizer for the e-voting process.