Precision Camshafts Limited has informed stakeholders about a structural change in its statutory auditing firm through an official announcement to stock exchanges on January 20, 2026. The company disclosed that its statutory auditors have undergone a business structure conversion that affects their official name and registration details.

Auditor Structure Conversion Details

The statutory auditing firm M S K A & Associates, Chartered Accountants, has converted from a partnership firm structure to a Limited Liability Partnership (LLP) under the provisions of the Limited Liability Partnership Act, 2008. Following this conversion, the firm now operates under the updated name M S K A & Associates LLP, Chartered Accountants, with the change taking effect from January 13, 2026.

Regulatory Compliance and Communication

Precision Camshafts Limited made this announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure to both National Stock Exchange of India Limited and BSE Limited. The company emphasized that while the firm's name and registration number have changed due to the LLP conversion, the auditing firm remains unchanged in all other operational and professional aspects.

Company Secretary and Compliance Officer Harshal J. Kher signed the official communication, which included the original intimation letter received from the statutory auditors. The auditing firm's communication, signed by Partner Yogesh Yewale, formally notified Precision Camshafts about the structural conversion and requested the company to inform stock exchanges accordingly.

Operational Continuity

The conversion to LLP structure represents a business reorganization that maintains continuity in the auditing relationship between Precision Camshafts Limited and its statutory auditors. The firm continues to operate from its registered office at Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai, with presence across multiple cities including Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune among others.

This structural change reflects the auditing firm's strategic decision to adopt the LLP framework, which provides certain operational and liability benefits while maintaining professional standards and regulatory compliance in chartered accountancy services.

Ace investor Vijay Kedia has likely exited his stake in small-cap auto components manufacturer Precision Camshafts during the third quarter of FY26, according to the latest shareholding pattern data released on January 7. The development has coincided with a notable decline in the stock's performance over recent trading sessions.

Shareholding Pattern Changes

Kedia held his stake in Precision Camshafts through his investment firm Kedia Securities. The latest December 2024 shareholding pattern shows that Kedia Securities was not among the key shareholders of the company, marking a significant change from the previous quarter.

Regulatory requirements mandate that companies disclose only shareholders who own 1% or more stake in the firm, suggesting Kedia's holding has either been completely exited or reduced below the 1% threshold.

Kedia's Investment Portfolio

Vijay Kedia publicly holds 15 stocks with a combined net worth of over ₹1,106.60 crore, according to available data. The exit from Precision Camshafts represents a strategic portfolio adjustment by the renowned investor.

Stock Performance Impact

Precision Camshafts shares have experienced significant volatility following the shareholding disclosure:

The stock has been on a downtrend for four consecutive months after posting a 13% rally in September 2024. Despite recent declines, Precision Camshafts has delivered multibagger returns over a five-year period with gains of 234%.

Company Financial Performance

In Q2FY26, Precision Camshafts reported mixed financial results:

The company showed improved profitability with net profit rising to ₹13.16 crore compared to ₹8.40 crore in the corresponding period of the previous year. However, revenue from operations declined to ₹198.18 crore from ₹225.06 crore on a year-on-year basis.

Market Context

The recent decline in Precision Camshafts shares coincides with broader market volatility, though the timing with Kedia's apparent exit has drawn investor attention. The auto components sector has faced various headwinds, contributing to the stock's extended downtrend over recent months.