Precision Electronics Ltd — Important, 28-03-2026: Company Update

Precision Electronics has received a tax order from a tax authority regarding alleged non-payment of Goods and Services Tax. The order details include a disallowed Input Tax Credit of Rs. 0.07 Cr, non-payment of IGST for import services amounting to Rs. 0.15 Cr, and unpaid GST of Rs. 0.007 Cr on electricity. The total tax demand is Rs. 0.23 Cr, accompanied by an equal penalty and applicable interest. The company intends to appeal this order and anticipates no material impact on its financial position or operations.