Annual report FY 2025-26

ELECTRONICS (INDIA} LTD Date:03.09.2026 The Listing Manager, Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Sub: Notice of the 434 Annual General Meeting (AGM) and Submission of Annual Report for the Financial Year 2025-26. Ref: ISIN - INE648BE01010, Scrip Code — 517397 (PAN ELECTRONICS INDIA LTD) This is with reference to captioned subject and pursuant to Regulation 34(1) of Securities Exchange Board of India (Listing Obligations and Disclosures requirements) Regulations, 2015. we hereby enclosed herewith Notice of the 43:d AGM along with the Annual Report for the financial year 2025-26. You are requested to take the same on your record. Kjndly take the above information on records Yours faithfully, PAN Electronics (India) Limited GULLU GELLARAM TALREJA Chairman & Managing Director DIN: 01740145 Regd. Office: Factory: PAN ELECTRONICS (INDIA) LIMITED #1E, Peenya industrial Estate 15t Main Road, #16B, Peenya industrial Area Phase -1 Pipeline Road, Peenya 2nd Phase, Bengaluru, Karnataka 560058 Bengaluru, Karnataka 560058 +9180 41170074 +91 80 28396227 | accounts@panelectronicsindia.com info@panelectonicsindia.com CIN: LOOZ09KAI982PLCO04260 www.panelectronicsindia.com PAN ELECTRONICS (INDIA) LIMITED CIN: L00309KA1982PLC004960 43rd ANNUAL REPORT 2 0 2 5 - 2 6 [ P H O T O ] Cover image — facility or hero product shot PAN ELECTRONICS (INDIA) LIMITED Regd. Office: #16B, Peenya Industrial Area Phase – 1, Pipeline Road, Bengaluru, Karnataka 560058 CIN: L00309KA1982PLC004960 Factory: #1E, Peenya industrial Estate 1st Main Road, Peenya 2nd Email: info@panelectronicsindia.com Phase, Bengaluru, Karnataka 560058 Website: www.panelectronicsindia.com 43rd Annual Report 2025-26 CONTENTS 43rd Annual Report 2025-26 Corporate Information 3 Message to the Shareholders 4 Notice of the 43rd Annual General Meeting 5 Board's Report 18 Annexure I to Board's Report — Management Discussion and Analysis Report 32 Annexure II to Board's Report — Secretarial Audit Report 34 Independent Auditor's Report 39 Financial Statements 46 Notes to the Financial Statements 68 PAN Electronics (India) Limited Page 2 of 72 43rd Annual Report 2025-26 CORPORATE INFORMATION BOARD OF DIRECTORS Shri. Gullu Gellaram Talreja Chairman & Managing Director Shri. Abhishek Prakash Talreja Director Shri. Nitesh Nanik Rohera Director (Independent) Smt. Asha Diwakar Director (Independent) Shri. Rajesh Manoharlal Talreja Chief Financial Officer Shri. Bharath K L Company Secretary & Compliance Officer (KMP) STATUTORY AUDITORS M/s. S K S V M & Co., Chartered Accountants, Bengaluru INTERNAL AUDITORS M/s. Sundararajan and Harish, Chartered Accountants, Bengaluru BANKERS Punjab National Bank – Peenya Branch, Bengaluru REGISTRARS & SHARE TRANSFER AGENTS Integrated Registry Management Services Private Limited, 30 Ramana Residency, 4th Cross, Sampige Road, Malleswaram, Bengaluru 560 003 Email: irg@integratedindia.in, Website: www.integratedindia.in Contact: 080- 23460815 REGISTERED OFFICE 16B, 1st Phase, Peenya Industrial Area, Bengaluru – 560 058 FACTORY 1E, Peenya Industrial Estate , 1st Main Road, Peenya 2nd Phase, Bangalore – 560058 WEBSITE http://www.panelectronicsindia.com [ P H O T O ] Facility — Peenya plant, Bengaluru PAN Electronics (India) Limited Page 3 of 72 43rd Annual Report 2025-26 [ P H O T O ] (Mr. Gullu Photo) Suggested image — formal head-and-shoulders portrait of Shri Gullu Gellaram Talreja, Chairman & Managing Director. Neutral or office background, shot at eye level; portrait crop approx. 4:5 to match the frame. Dear Shareholders, As we gather for this year’s Annual General Meeting (“AGM”), I want to take a moment to extend my heartfelt appreciation to each of you for your continued support, commitment, and engagement throughout the past year. This past year has brought both opportunities and challenges. Thanks to our collective efforts, we have made significant progress in advancing our goals and strengthening our community. Your trust and active participation have been instrumental in our achievements, and I am proud of the strides we have made together. The AGM provides us an important opportunity to reflect on our accomplishments, discuss the road ahead, and reaffirm our shared vision. It is also a time to ensure transparency, accountability, and collaboration—values that lie at the core of our organization. I look forward to sharing key updates, hearing your feedback, and working together to build an even stronger future. Thank you once again for being a vital part of our journey. Let us continue to move forward with unity, purpose, and optimism. PAN ELECTRONICS (INDIA) LIMITED CIN: L00309KA1982PLC004960 Registered & Corporate Office: 16B, 1st Phase, Peenya Industrial Area Peenya Bangalore KA 560058 IN Website www.panelectronicsindia.com, Email: cs@panelectronicsindia.com, Contact: 080-28396227 PAN Electronics (India) Limited Page 4 of 72 43rd Annual Report 2025-26 NOTICE NOTICE OF THE 43rd ANNUAL GENERAL MEETING NOTICE is hereby given that the Forty Second (43rd) Annual General Meeting of the Members of PAN ELECTRONICS (INDIA) LIMITED will be held Monday, September 28, 2026 at 3:30 P.M IST through video conferencing/ other audio-visual means to transact the following business(es): ORDINARY BUSINESSES: Item No. 1 – ADOPTION OF FINANCIAL STATEMENTS ALONG WITH THE REPORTS OF THE BOARD OF DIRECTORS AND OF THE AUDITORS THEREON To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and of the Auditors thereon, and in this regard, pass the following resolution as an Ordinary Resolution: “RESOLVED THAT, the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and of the Auditors thereon be and are hereby received, considered, and adopted.” Item No. 2 – TO APPOINT A DIRECTOR IN PLACE OF MR. ABHISHEK PRAKASH TALREJA (DIN: 05007867), WHO RETIRES BY ROTATION AND BEING ELIGIBLE OFFERS HIMSELF FOR RE-APPOINTMENT To re-appoint Mr. Abhishek Prakash Talreja (DIN: 05007867), who retires by rotation and being eligible, offers himself for reappointment as a Director, liable to retire by rotation, and pass the following resolution as an Ordinary Resolution: “RESOLVED THAT, pursuant to the provisions of Section 152 of the Companies Act, 2013 and Articles of Association of the Company, Mr. Abhishek Prakash Talreja (DIN: 05007867), who retires by rotation and being eligible has offered himself for re-appointment, be and is hereby re-appointed as a Director of the Company, liable to retire by rotation.” SPECIAL BUSINESS: Item No. 3 – TO APPROVE INCREASE IN BORROWING LIMITS OF THE COMPANY UNDER SECTION 180(1)(C) OF THE COMPANIES ACT, 2013. To consider and if thought fit, to pass the following resolution, with or without modification(s), as a Special Resolution: “RESOLVED THAT in supersession of the earlier special resolution passed by the members of the Company authorising the Board of Directors of the Company to borrow money and pursuant to the provisions of Section 180(1)(c) and other applicable provisions if any, of the Companies Act, 2013 ( “Act” ) read with the Companies (Meeting of the Board and its Powers) Rules, 2014 (including any statutory modification or re-enactment(s) thereof for the time being in force), the provisions contained in the Articles of Association of the Company, the consent of the members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as the “Board” which term shall be deemed to include any Committee which the Board may have PAN Electronics (India) Limited Page 5 of 72 43rd Annual Report 2025-26 constituted or hereinafter constitute to exercise its power including the powers conferred by this resolution), to borrow from time to time all such sums of money as they may deem requis [Showing first 8,000 characters — download PDF for full document]