Precision Electronics Limited
Investors Desk
Registrar & Transfer Agent (RTA)
Skyline Financial Services Pvt. Ltd.
D-153/A, 1st Floor, Okhla Industrial Area,
Phase-1 ,
New Delhi - 110 020
Tel: +91-11-26812682
Fax: +91-11 26292681
Email:admin@skylinerta.com

21.01.2013

Declaration of Result of Postal Ballot

Pursuant to section 192A of the Companies Act 1956 read with the Companies (passing of the resolution by postal ballot) Rules, 2011 approval of the Members of the company was sought by means of Postal Ballot vide Notice dated 15th December, 2012 for following matter.
  • Ordinary Resolution under Section 293(1)(a) and other applicable provisions of the Companies Act, 1956 for consent of shareholders to Sale/Transfer/Assign/Deliver or Otherwise dispose-off the Company’s land and Building at D-10 & D-11, Sector 3, Noida - 201301.
Based on the Scrutinizer’s Report dated 19th January, 2013, the Chairman has declared the results of Postal Ballot as under:
Total Votes Cast 12268429
Votes in favour of Resolution 12241775
Percentage of Votes in favour of the Resolution 99.78
Votes against the Resolution 26654
Percentage of Votes against the Resolution 0.22

Accordingly, the Chairman declared the passing of Ordinary Resolution by the shareholders with majority as set out in the notice dated 15th December, 2012.

By Order of the Board

Sd/-
Ashok K Kanodia
Managing Director

Declaration of Result of Postal Ballot

Pursuant to section 192A of the Companies Act 1956 read with the Companies (passing of the resolution by postal ballot) Rules, 2001 approval of the Members of the company was sought by means of Postal Ballot vide Notice dated 21st July, 2010 for following matter.

  • Special Resolution under Section 17, 18 and other applicable provisions of the Companies Act,
  • 1956 for consent of shareholders to amend the Memorandum of Association of the Company by
  • adding new Clauses in the main object Clause of the Company.

Based on the Scrutinizer's Report dated 30th September, 2010 the Chairman has declared the results of Postal Ballot as under:

Total Holdings 13848512
Total Votes Cast 6832671
Votes in favour of Resolution 6832671
Percentage of Votes in favour of the Resolution 100%
Votes against the Resolution NIL
Percentage of Votes against the Resolution NIL

Accordingly, the Chairman declared the passing of Special Resolution by the shareholders with overwhelming majority as set out in the notice dated 21st July, 2010.

By Order of the Board Neha Malik
Sd/- Company Secretary & Compliance Officer

Investors can have the following facilities with RTA:

Requests involving physical transfer of Shares can be made directly made to RTA.
Any query relating to non-transfer of Share(s), non-receipt of new share certificate on reduction & consolidation of share capital, non-receipt of share certificate on issue of bonus shares and non- dematerialization of share(s) etc. can be made directly to RTA.

Share Exchange Listing

The Company is presently listed at following Stock Exchange.

BSE
Bombay Stock Exchange Limited.
Floor 25, Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400001.

Market Price

The Market Price and volume of the Company's shares traded in Bombay Stock Exchange Ltd during the financial years 2010-2011 were as follows:-

Date Open Price (Rs.) High (Rs.) Low (Rs.) Close (Rs.) No. of Shares No. of Trades Net Turnover (Rs.)
April 2010 49.00 63.00 46.95 52.60 1,66,271 931 90,85,462
May 2010 52.40 57.85 44.00 46.30 42,953 441 22,22,740
June 2010 44.75 45.20 39.00 43.90 27,450 285 11,63,016
July 2010 42.30 47.00 37.40 42.25 22,413 390 9,57,709
Aug 2010 40.35 43.20 33.85 34.60 35,875 398 13,79,045
Sep 2010 34.00 43.95 31.00 38.60 29,184 465 10,61,365
Oct 2010 39.80 51.80 36.40 41.60 1,04,925 745 47,88,520
Nov 2010 42.65 45.45 32.00 36.25 19,043 182 7,20,080
Dec 2010 38.05 39.75 31.80 38.75 32,604 118 11,41,330
Jan 2011 36.85 42.00 33.65 38.00 16,699 170 6,30,483
Feb 2011 36.20 39.80 29.55 34.05 1,02,488 184 31,79,296
Mar 2011 32.95 35.00 26.20 31.00 17,874 125 5,28,210
April 2011 32.00 52.80 30.00 43.75 1,56,484 321 76,99,811
May 2011 44.00 47.00 40.10 44.00 20,024 236 8,70,228
June 2011 41.85 46.70 38.05 46.70 3,600 71 1,43,024
July 2011 44.40 44.95 32.95 34.20 6,700 63 2,60,342
Aug 2011 35.40 35.40 24.45 24.90 12,795 57 3,45809
Sep 2011 26.05 26.05 21.05 24.00 9,561 44 2,22,529
Oct 2011 24.00 24.30 18.20 18.20 8.414 47 1,82,568
Nov 2011 17.30 20.15 17.15 20.00 3,152 39 58,221
Dec 2011 21.00 22.00  16.65 16.65 2,470 24 48,071
Jan 2012 15.95 21.50 15.95 20.00 30,005 43 5,56,193
Feb 2012 21.00 26.00 20.35 22.15 6,579 40 1,53,788
March 2012 21.05 21.05 14.50 15.25 8,896 67 1,52,514
April 2012 9.80 12.49 9.00 12.49 16.11 74 1,73,83
               

 

Redressal of Investors

In case you need any clarifications and have any queries/ grievances, please do write to the following officer of the Company:-
Company Secretary

PRECISION ELECTRONICS LTD.

Regd. Office: D-1081, New Friends Colony, New Delhi-110025, India
Corporate Office: D-10, Sector-3, Noida 201301, U.P., India
Tel: +91-120 255 5176/7, +91-120 255 1556/7
Fax: +91-120 252 4337

mailto: cs@pel-india.com

Frequently asked questions (FAQs)

Demat (Dematerialisation)

KINDLY NOTE THAT EQUITY SHARES OF THE PRECISION ELECTRONICS LTD. ARE UNDER COMPULSORY DEMAT CATEGORY AND HENCE SHAREHOLDERS HOLDING SHARES IN PHYSICAL FORM MUST DEMATERIALIZE THEIR PHYSICAL HOLDINGS AT THE EARLIEST.

Can you please tell me what is Dematerialization of shares and what are its benefits?

Dematerialization is the process through which the shares are held and traded in electronic form instead of physical form thus eliminating many disadvantages of shares in physical form.
Following are some of the advantages of demat holding of shares:

  • Easy and speedy execution of sale, purchase, etc
  • Speedy allotment/ credit in case of Bonus/ Right Issues etc.
  • No chances of share/securities certificates being lost, stolen or mutilated and no risk of holding forged certificates.
  • Minimal paper work compared to physical shares.
  • No stamp duty for transfer
  • No risk of bad delivery

How will I demat my shares?

The first thing you should do is to approach a Depository Participant {DP} as per your choice and open a demat account for which you will be allotted a Client ID. You should, then, surrender the share certificates to your DP by filling the Dematerialization Request Form {DRF} after which the DP generates a number known as Demat Request Number (DRN). Thereafter DP will arrange to get the certificate along with the DRF sent to the Registrar. The Registrar after verification, confirms the DRN and upon confirmation, the number of securities dematerialized are credited in electronic form to the respective demat account. This process is known as de-materialization. You can always reverse this process if you so desire and get your shares reconverted into paper form. This process is known as re-materialization.

How will I deal with shares held in demat form?

Sale/ purchase of Shares etc in demat form can be effected in easy and speedy way. Sale/ purchase through the Stock Exchange has to be carried through a registered broker. After the sale is confirmed by the broker the seller is required to give debit instruction to his DP for debiting the number of shares sold, by filling the Delivery Instruction (DIB). In case of purchase of securities, after the payout, the broker will ask his DP to debit his account and credit the Client account of the purchaser with the number of shares purchased.

What are the expenses involved?

The expenses are for dematerialization/ holding demat account, transaction charges for sale/ purchase etc. These charges differ from one DP to another. The charges of the DP with which you hold your account are to be paid by you by debiting your designated bank account.

How do I get my benefits from the Company for the demat shares held by me and what are my rights?

The Registrar as on a record date/ book closure, every year, downloads data of beneficiaries holding shares of the Company in demat form. On the basis of this data the Company will send to you the notice of the Annual General meeting, Annual Report and make available to you corporate benefits like dividend/ right/ bonus etc. Please note that the rights of the shareholders holding shares in demat form are same as that of the shares held in physical form.

Can you let me know whom should I contact for queries relating to my demat account?

Your demat account is maintained by the DP and therefore any communication/ intimation/ queries relating to change of address, change in bank account details, registration of nominees, demat account etc may please be addressed to your DP. Please note that the Company/ Registrar has no access to your depository account and hence any request with regard to any of the above subjects cannot be considered.

Transfer of Shares(Physical Form)

How do I get the Precision Electronics Shares transferred?

Please properly execute and complete the share transfer deed/s, affix the proper stamp duty, send the transfer deed/s along with the share certificate(s) to the Share Transfer Agent, M/s Skyline Financial Services Pvt. Ltd. or to the Company Secretary at the Registered Office of the Company.

What is the share stamp duty payable on transfer of shares which I have purchased?

Presently, the stamp duty payable is 25 paise for every hundred rupees or part thereof of the market value of shares as on the date of execution of the share transfer deed.

I hold shares in two or more folios. Can I consolidate the folios?

It is very desirable to get the folios consolidated by the Company. But please note that in case of joint holdings, the names and their order should be identical in all the folios. A letter under the signature of all the holders will be sufficient and no share transfer deed is required to be executed

I hold shares jointly. Can I change the order of names?

It is possible to do that just through a letter under the signature of all the holders and no share transfer deed is required to be executed. Please keep in view that your signatures should tally with our record.

I wish to add another joint-holder to my shareholding. What do I do?

In this case there has to be transfer of shares. You will have to sign a share transfer deed as transferor and again as transferee along with the person/s who will the joint holder/s. The transfer deed, duly completed, with the share certificate/s will have to be lodged with the Registrar or the Company as in the case of transfer.

What will I do where I have purchased the Shares but the Company has raised objection and not registered the shares in my name?

Please see the objection letter of the Company carefully and remove the problem immediately. In case of difficulty please contact the Registrar or the Company

What happens if my residential status changes before transfer?

Please write to the Company immediately for further advice.

Transmission / Deletion of Name For Shares

I hold shares jointly. What will happen in the event of death of one of the shareholders?

This is Deletion of shares. Please write to the Registrar or the Company along with a certified copy of the Death Certificate and the share certificates. We shall delete the name of the deceased shareholder and return the share certificate(s) duly endorsed in favour of the remaining shareholder(s).

If a shareholder dies who was holding shares in his sole name and there is no "will", how can his legal heir/s get the shares transmitted in his/ their name/s? If there is "will" or other succession document, what should be done?

In the first case, this is Transmission of Shares without succession document, and the legal heir has to prove his status as such and right to the shares through legal succession. In the second case the Transmission will be based on the succession document like "will" etc. Please write to the Registrar or the Company along with the death certificate and also the "will"/ other succession document, where it exists, to enable us to advise you suitably.

Nomination

How do I make a nomination in respect of my shareholding?

You have to submit to us a legally prescribed nomination form in duplicate, duly filled and signed. If the shares are held in joint names all the holders must sign the nomination form. Please write to us to enable us to send the form. The share certificates need not be sent.

Can I change a nomination?

Yes. Please furnish to us a fresh nomination which will cancel the earlier nomination. Please note that if joint holders make the nomination, and one of the joint holders dies, the remaining joint holder/s can make a fresh nomination.

On the death of the shareholder, how can the nominee get the shares registered in his name?

The nominee has to write to us along with a copy of the death certificate and nomination form registered with the Company to enable us to advise further.

I have shares in the demat form. What do I do for making a nomination?

Please approach your Depository Participant. Kindly note that in the account opening form provided by the DP there is a provision for providing the name of the nominee.

Loss etc. of Share Certificates

What should I do where I have lost/ misplaced my share certificates. How do I get duplicate share certificate?

Please write to the Registrar or the Company immediately about loss of share certificates quoting your folio number and details of share certificates. Simultaneously, you will have to lodge a complaint with the police regarding loss of share certificates and send us a copy of the FIR. We will advise you further steps that you will have to take.

What should I do where my share certificates have got torn/ cages on reverse have been filled up/ worn out etc. How do I get duplicate share certificate?

Please write to us and send the concerned share certificate to us.

Change of Address

If there is a change in my address what should I do?

Please send a request letter to the Registrar or the Company, duly signed by you which should tally with our record, giving the new address as well as the old address. PIN no should invariably be given. In case of joint shareholders, all should sign the request letter.

 

Copyright 2012-2013 : Precision Electronics Limited