Precision Electronics Limited (PEL) has announced a significant development in its defense sector operations. The company has been awarded a contract worth Rs. 1.12 crore from a government entity in the defense segment for the supply of Quadripod/Tripod with accessories.

Contract Details

Key Points

• Confidentiality: Due to the sensitive nature of defense contracts, the specific government entity awarding the order has not been disclosed.
• Delivery Specifications: PEL will deliver the Quadripod/Tripod as per the customer's specifications.
• Domestic Contract: The order has been awarded by a domestic government entity.
• Execution Timeline: The delivery schedule will be provided by the customer, and PEL will execute the order accordingly.

Company Compliance

Precision Electronics Limited has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this contract does not involve any related party transactions or interests from the promoter group.

This new contract underscores PEL's continued engagement in the defense sector and its capability to meet specialized requirements of government entities. As the defense industry in India continues to evolve, such contracts may play a crucial role in the growth strategies of companies like Precision Electronics Limited.

Investors and market watchers may view this development as a positive indicator of the company's order book and its standing in the defense supply chain. However, it's important to note that the overall impact on the company's financials will depend on various factors, including the execution of this contract and potential future orders in the pipeline.

Precision Electronics Limited (PEL), a player in the Aerospace & Defence segment, has announced its financial results for the quarter ended September 30, 2025, along with significant changes in its board composition and a substantial order book acquisition.

Financial Performance

PEL reported a net loss of Rs 140.42 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs 117.05 lakhs in the corresponding quarter of the previous year. The company's revenue from operations for the quarter stood at Rs 1,555.32 lakhs.

For the half-year ended September 30, 2025, PEL's financial highlights are as follows:

The company's total assets as of September 30, 2025, stood at Rs 9,679.25 lakhs, compared to Rs 7,712.30 lakhs as of March 31, 2025.

Board Changes

The Board of Directors has approved the appointment of Mr. Amitbir Singh Banga as an Additional Director (Non-Executive, Non-Independent) effective November 11, 2025. Mr. Banga, aged 32, brings over a decade of experience in the automotive industry. He holds a Post Graduate Diploma in Management from Annamalai University and a Postgraduate Degree in Financial Management from Arizona State University's W.P. Carey School of Business.

Simultaneously, the Board accepted the resignation of Mr. Harbir Singh Banga from his position as Director (Non-Executive & Non-Independent), effective November 11, 2025. Mr. Harbir Singh Banga cited personal reasons and professional commitments for his departure.

New Order Acquisition

Precision Electronics has secured orders worth Rs 50 crore from local and global customers in the Aerospace & Defence segment. Of this, Rs 47 crore is scheduled for execution during the current financial year 2025-26, with the remaining Rs 3 crore slated for FY 2026-27. The company has not disclosed specific customer names due to confidentiality clauses and commercial sensitivity.

Cash Flow and Liquidity

The cash flow statement for the half-year ended September 30, 2025, reveals:

• Net cash used in operating activities: Rs 25.65 lakhs
• Net cash used in investing activities: Rs 298.58 lakhs
• Net cash from financing activities: Rs 318.91 lakhs

The company's cash and cash equivalents at the end of the period stood at Rs 17.47 lakhs.

These developments come at a crucial time for Precision Electronics as it navigates challenging market conditions while positioning itself for growth in the Aerospace & Defence sector. The new board appointment and significant order book may signal a strategic shift as the company aims to improve its financial performance in the coming quarters.