Panasonic Energy India Co. Ltd. successfully conducted its 53rd Annual General Meeting (AGM) on September 24, 2025, through video conferencing, marking a significant milestone for the company. The meeting saw strong shareholder participation and approval for all seven resolutions presented.

Key Highlights

• Overwhelming Support: All seven resolutions passed with an impressive average of 99.29% shareholder approval.
• Dividend Declaration: Shareholders approved the dividend for the financial year ended March 31, 2025.
• Board Changes: Mr. Hidefumi Fujii was re-appointed as a director, while Mr. Akio Fujita's appointment as Chairman & Managing Director for a two-year term was confirmed.
• Financial Statements: The company's financial statements for the year ended March 31, 2025, were adopted.

Meeting Details

The AGM, held in compliance with regulatory guidelines, saw participation from 50 members representing 43,76,349 shares. The meeting commenced at 10:30 a.m. and concluded at 11:20 a.m., with both remote e-voting and e-voting during the AGM facilitating shareholder participation.

Key Resolutions Passed

Corporate Governance

The meeting underscored Panasonic Energy India's commitment to corporate governance and transparency. The company ensured compliance with all regulatory requirements, including those set by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Looking Ahead

With strong shareholder support and key appointments in place, Panasonic Energy India Co. Ltd. appears well-positioned for its next phase of growth. The approval of all resolutions, particularly the appointment of Mr. Akio Fujita as Chairman & Managing Director, signals continuity in leadership and strategy.

The successful conduct of the AGM through digital means also demonstrates the company's adaptability to evolving corporate practices in the post-pandemic era.

As Panasonic Energy India moves forward, stakeholders will be keen to see how these decisions translate into performance and value creation in the coming years.

Panasonic Energy India Co. Ltd., a key player in the batteries segment, has reported a significant decline in its financial performance for the quarter ended June 30. The company's latest financial results reveal a sharp drop in profitability and a decrease in revenue, alongside changes in its accounting methods.

Financial Performance Highlights

• Profit After Tax: ₹83.80 lakhs, down 79.76% from ₹414.06 lakhs in the same quarter last year
• Revenue from Operations: ₹5,800.50 lakhs, decreased from ₹6,298.49 lakhs year-over-year
• Earnings Per Share: Dropped to ₹1.12 from ₹5.52 in the corresponding quarter of the previous year

Key Financial Metrics

Accounting Method Revision

During the quarter, Panasonic Energy India made significant changes to its depreciation accounting method:

1. Switched from Written Down Value (WDV) to Straight Line Method (SLM)
2. Removed residual value for certain assets
3. Increased the useful life of some existing assets based on technical evaluation

As a result of these changes, the depreciation charge increased by ₹25.27 lakhs for the quarter. The company expects depreciation to increase by ₹57.34 lakhs for the entire financial year.

Operational Overview

Panasonic Energy India continues to operate primarily in the batteries segment. The company maintains a paid-up equity share capital of ₹750 lakhs. Despite the challenging quarter, the company's balance sheet shows other equity of ₹10,030.65 lakhs as of the last financial year end.

Board Approval and Audit Review

The unaudited financial results for the quarter were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 7. The meeting commenced at 11:14 a.m. and concluded at 11:53 a.m. B S R and Co, the statutory auditors, have issued an unmodified review report on these results.

Market Information

Panasonic Energy India Co. Ltd. is listed on the BSE with the scrip code 504093. Investors and stakeholders are advised to consider these results in light of the overall market conditions and the company's long-term performance trajectory.

The company continues to adhere to the Indian Accounting Standards (IND AS) prescribed under section 133 of the Companies Act, 2013, ensuring compliance with regulatory requirements and maintaining transparency in financial reporting.