Procal Electronics India Limited shareholders approved the appointment of M/s SSRV & Associates, Chartered Accountants (Firm Registration No. 135901W), as the company’s statutory auditor at an Extra-Ordinary General Meeting (EOGM) held on August 3, 2026. The resolution was passed as an ordinary resolution through electronic voting, ensuring compliance with regulatory disclosure norms under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The EOGM was conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), commencing at 12:00 P.M. and concluding at 12:06 P.M. Shareholders who had not voted remotely were provided a 15-minute window to cast their votes via the CDSL E-voting Portal immediately following the meeting's conclusion. The cut-off date for determining voting eligibility was July 10, 2026, with remote e-voting active from July 31, 2026, at 09:00 A.M. to August 2, 2026, at 05:00 P.M.

Meeting Details and Quorum

Twenty-three members were present at the meeting through VC/OAVM. The Board of Directors included Mahendra Kumar Bothra, Managing Director, and Pradeep Kumar Kothari, Independent Director. M/s Nitesh Chaudhary & Associates, Practicing Company Secretary, served as the scrutinizer for the e-voting process. Nitesh Chaudhary confirmed that the requisite quorum was present, allowing the meeting to proceed.

Resolution Outcome

The sole agenda item placed before the shareholders was the appointment of the statutory auditor. The resolution details are outlined below:

No queries were raised by shareholders during the session. The Chairman announced that the final voting results and the Scrutinizer’s Report would be disclosed within two working days and submitted to BSE Limited in accordance with Regulation 30 of the Listing Regulations.

Procal Electronics India Limited has scheduled an Extraordinary General Meeting (EGM) on August 3, 2026, to appoint M/s SSRV & Associates as the new statutory auditors. The meeting will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM) at 12:00 PM IST to fill the casual vacancy caused by the resignation of the previous auditor, M/s. PAMS & Associates, effective June 12, 2026. The appointment is subject to shareholder approval and is in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors has recommended the appointment of M/s SSRV & Associates, Chartered Accountants (Firm Registration No. 135901W), to hold office from the conclusion of the EGM until the conclusion of the upcoming Annual General Meeting. The remuneration of the auditors will be determined by the management of the company in consultation with the statutory auditors. The outgoing firm cited the closure of its Mumbai branch and the inability to devote adequate resources from Bhubaneswar as reasons for resignation, confirming there are no material reasons or unresolved issues related to the stepping down.

EGM and Voting Details

The company has appointed Mr. Nitesh Chaudhary & Associates (FCS: 10010), Practicing Company Secretaries, as the Scrutinizer to oversee the remote e-voting and e-voting/poll process. The remote e-voting period begins on July 31, 2026, at 9:00 a.m. IST and ends on August 2, 2026, at 5:00 p.m. IST. Shareholders whose names appear in the Register of Members or Beneficial Owners as on the record date of July 27, 2026, are eligible to vote.

The facility for casting votes is available through CDSL and NSDL e-voting systems. Members holding shares in physical form can vote via www.evotingindia.com . The deemed venue for the EGM is the Registered Office of the company at 201, Shyam Baba House Chs Ltd, Upper Govind Nagar, Malad - East, Mumbai 400097.

Key Meeting Information

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE700B01015/04e4b53e-aa99-436a-bd45-e31e55439661.pdf