Precision Electronics Limited has received a tax order from the Assistant Commissioner of Central Goods and Service Tax, Roorkee Division, Haridwar, demanding a total of ₹46.44 lakh including taxes and penalties for the period April 2019 to March 2021. The company disclosed this development in a regulatory filing under Regulation 30 of SEBI Listing Regulations on March 28, 2026.

Order Details and Timeline

The Order-in-Original was issued under Section 74 of the CGST Act, 2017, and was received by the company on March 27, 2026. The order covers alleged tax violations and contraventions during the specified two-year period from April 2019 to March 2021.

Breakdown of Alleged Violations

The GST order identifies three main areas of alleged contraventions totaling ₹23.22 lakh in tax demand:

Company's Response and Impact Assessment

Precision Electronics Limited has indicated that the order is appealable and the company intends to exercise its right to appeal before the Commissioner of Appeals. The company's management has assessed that this order will not have any material impact on its financial position, operations, or other business activities.

The disclosure was made by Company Secretary and Compliance Officer Punit A. Bajaj in compliance with SEBI regulations requiring listed companies to inform exchanges about significant legal or regulatory developments that could affect their business operations.

Precision Electronics Limited has officially submitted its postal ballot voting results to BSE Limited on February 09, 2026, confirming the successful completion of the remote e-voting process that concluded on February 08, 2026. The company filed the results under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the scrutinizer's report.

Official Submission and Compliance

Executive Chairman Ashok Kumar Kanodia (DIN: 00002563) signed and submitted the voting results to BSE Limited's Corporate Relationship Department. The submission included comprehensive voting results and the scrutinizer's report dated February 09, 2026, ensuring full regulatory compliance with SEBI LODR Regulations.

Resolution 1: Director Appointment Results

The appointment of Mr. Amitbir Singh Banga (DIN: 07163599) as Director received overwhelming shareholder support with 99.997% approval. The resolution attracted significant participation from both promoter and public shareholders.

Resolution 2: Related Party Transaction Approval

The material related party transaction with Victoria Stock-Invest Private Limited secured 99.986% approval from eligible voters. The promoter group abstained from voting due to their interest in the agenda, with only public shareholders participating in the voting process.

Scrutinizer's Certification

Yogesh Saluja (ACS No. 21916, C.P. No.: 22676) from Yogesh Saluja & Associates served as the appointed scrutinizer, conducting the voting process in accordance with Sections 108 and 110 of the Companies Act, 2013. The scrutinizer confirmed that 63 e-voters participated in Resolution 1, while 55 e-voters participated in Resolution 2, with no invalid votes recorded for either resolution.

Documentation and Transparency

The company has uploaded the voting results and scrutinizer's report on its website at www.pel-india.in , BSE Limited's website at www.bseindia.com , and NSDL's e-voting platform at www.evoting.nsdl.com . The remote e-voting facility operated from January 10, 2026, at 09:00 A.M. to February 08, 2026, at 5:00 P.M., with postal ballot notices published in Financial Express (English) and Jansatta (Hindi) newspapers on January 10, 2026.