Precision Camshafts Limited shareholders approved a final dividend of ₹1 per equity share and reappointed Karan Y. Shah as director during its 34th Annual General Meeting (AGM) on July 30, 2026. While promoter groups backed all resolutions unanimously, public institutions voted against special resolutions concerning executive remuneration, highlighting a divergence in shareholder sentiment regarding management compensation for FY26 and FY27.

The meeting was conducted via Video Conferencing/Other Audio-Visual Means (OAVM) from the company’s registered office in Solapur, Maharashtra. Yatin S. Shah, Chairman and Managing Director, chaired the session attended by 45 participants, including 44 members and one authorized representative. Harshal J. Kher, Company Secretary and Compliance Officer, facilitated the proceedings. The record date for voting eligibility was July 23, 2026, with a book closure period from July 24 to July 30, 2026. A total of 62,344 shareholders were on record.

Voting Results and Shareholder Sentiment

All eight resolutions passed with the requisite majority. Promoter and Promoter Group shareholders, holding 62,092,363 shares, voted in favor of every resolution, representing nearly 100% support across all items. However, significant opposition emerged from Public Institutions regarding the remuneration of executive directors.

Public Non-Institutional shareholders largely supported the resolutions, with over 99.9% approval for ordinary business and strong backing for special resolutions, though minor dissent existed (less than 0.05% against). In contrast, Public Institutions voted overwhelmingly against the special resolutions approving excess remuneration paid under Section 197 and Schedule V of the Companies Act, 2013, and future remuneration in the event of inadequacy or absence of profits.

Executive Remuneration Approvals

The Board sought approval for three key remuneration-related matters via special resolutions:

• Approval of remuneration paid to executive directors in excess of statutory limits for FY25-26.
• Approval of remuneration for Yatin S. Shah (Chairman and Managing Director), Ravindra R. Joshi (Whole-Time Director and CFO), and Karan Y. Shah (Whole-Time Director) in the event of inadequacy or absence of profits for FY26-27.

Despite the unanimous support from promoters and majority support from public non-institutions, the near-total rejection by public institutions indicates scrutiny over executive pay structures relative to company performance or profitability conditions.

Compliance and Scrutiny

Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from July 27 to July 29, 2026. Jayavant B. Bhawe of M/s. J. B. Bhawe & Co., Practicing Company Secretaries, Pune, served as the scrutinizer. The consolidated voting results were submitted to stock exchanges pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All resolutions were declared passed after unblocking votes in the presence of independent witnesses.

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:

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.