Panasonic Energy India Company Ltd

Dematerialisation status

• Dematerialisation requests received were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates for dematerialisation were mutilated, cancelled, and depository name updated as registered owner.

Panasonic Energy India Co. Ltd. — Trading window closure from October 01, 2026 until 48 hours after the unaudited Q2 and 6 Months results for the period ending September 30, 2026.

AGM Details

• Date/time: Sep 14, 2026, 1:00 PM, via VC/OAVM.
• Record date: 07 Sep 2026; recordholders: 13,041.
• Remote e-voting: 11–13 Sep 2026; AGM e-voting via VC/OAVM.
• Attendance: Promoter group 1; Public 101 via VC/OAVM.

Key Resolutions

• Resolution 1 (Ordinary): Adopt financial statements for year ended Mar 31, 2026.
• Resolution 2 (Ordinary): Declare dividend on equity shares.
• Resolution 3 (Ordinary): Re-appoint director by rotation (Hosoya).
• Resolution 4 (Ordinary): Ratification of remuneration of Cost Auditor.
• Resolution 5 (Special): Shifting registered office to Madhya Pradesh; MOA amendment.

Voting Results

• Resolution 1: Passed with requisite majority; turnout 59.26%; in-favour 98.31%.
• Resolution 2: Passed; dividend declared.
• Resolution 3: Passed; re-appointment approved.
• Resolution 4: Passed; cost auditor remuneration ratified.
• Resolution 5: Passed; shift of registered office approved.

Dividend

• Dividend approved on equity shares.

Directors & Appointments

• Hosoya re-appointment by rotation approved.

Auditors

• No changes to statutory or other auditors reported.

Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• Special resolution: Shifting registered office to Madhya Pradesh; MOA amendment.

Change in registered office

• Previous registered office: GIDC, Makarpura, Vadodara, Gujarat 390010.
• New registered office: Plot No. 112, Industrial Area, Sector 3, Pithampur, Dhar, Madhya Pradesh 454774.
• Effective date: not provided; to occur upon regulatory approvals and statutory filings.
• Change of jurisdiction from Gujarat to Madhya Pradesh (new ROC).
• Reason: align with operations based in Pithampur since 2022 for efficiency.
• Approvals: Members approved a Special Resolution; subject to statutory/regulatory approvals.
• Impact: aligns administration and regulatory compliance with the operational base.

AGM Details

• Date/time/mode: 14 Sep 2026, 01:00 PM, via VC/OAVM.
• Meeting concluded at 02:31 PM.
• 102 members representing 4,364,194 shares attended via VC.

Key Resolutions

• Adopt Audited Standalone Financial Statements for FY 2025-26 with reports.
• Declare dividend on equity shares for FY 2025-26.
• Re-appoint Director Hosoya who retires by rotation.
• Ratify remuneration to Cost Auditor.
• Shift registered office from Gujarat to Madhya Pradesh; amend MOA.

Voting Status

• Voting results were not disclosed in the filing.
• Remote e-voting ran 11–13 Sep 2026; on-site voting during AGM.
• Scrutinizer appointed to compile results.

Dividend Details

• Dividend proposed; amount per share not disclosed.

Director & Auditor Changes

• Director appointment: Hosoya to be re-appointed (retiring by rotation).
• Cost Auditor remuneration ratified.

Material Related Party Transactions

• No material related party transactions disclosed.

AGM and annual report access

• AGM scheduled on Sep 14, 2026 at 01:00 PM IST via VC/OAVM.
• Venue deemed the Registered Office at GIDC, Makarpura, Vadodara, Gujarat.
• Annual Report 2025-26 and AGM notice accessible online via the company website.

Shareholder communications and KYC

• Cut-off date for emailing unregistered address(es): 14/08/2026.
• SEBI KYC requirements mandate updating PAN, address, mobile and bank details for physical holders.

Dematerialisation and payments

• Physical holders without updated details may receive payments only electronically.

Contacts

• Investor relations and RTA contact emails and phone numbers provided.

AGM & Book Closure

• 54th AGM scheduled for September 14, 2026 via video conferencing.
• Book closure from September 7, 2026 to September 14, 2026 (both days inclusive).
• Purpose: AGM and related share transfer actions.

Key dates

• Purpose: record date to determine dividend payment.
• Record date: Saturday, September 5, 2026.
• AGM: 54th AGM on Monday, September 14, 2026 (VC/AV).
• Venue: Registered office in GIDC, Makarpura, Vadodara, deemed meeting venue.

Financial performance

• Revenue from operations rose to INR 27,003.18 lakh from INR 26,841.47.
• Profit before tax stood at INR 632.74 lakh; tax expense 284.06; PAT INR 348.68.
• EPS declined to INR 4.65 from INR 15.70.
• Dividend proposed: INR 1.95 per share; total around INR 146.25 lakh.
• Operating cash flow INR 1,327.65 lakh; investing INR -693.03; financing INR -789.56.
• Net decrease in cash and cash equivalents INR -154.94 lakh.
• Total assets INR 14,577.53 lakh; total equity INR 10,316.74 lakh; no borrowings.
• Geographic revenue: India INR 26,776.78 lakh; Rest of world INR 142.30 lakh.
• Single operating segment: Batteries; focus on premium alkaline and coin cell growth.

Capital structure & liquidity

• Equity share capital: INR 750.00 lakh; Net worth: INR 10,316.74 lakh.
• No bank borrowings reported; liquidity supported by cash/bank balances around INR 276.76 lakh.
• Balance sheet totals: assets INR 14,577.53 lakh; liabilities INR 4,260.79 lakh; equity INR 10,316.74 lakh.
• Dividends: Final dividend proposed; payout timing within 30 days post-declaration.
• Panasonic Holdings Corporation continues to hold 58.06% stake (4,354,144 shares).

Governance & audit

• Chairman & MD changed: Akio Fujita appointed 01.07.2025; Akinori Isomura resigned 30.06.2025.
• Independent Directors: Deepti Sharma, Jayesh Mehta, Srinivas Gunta.
• Statutory auditors M/s BSR & Co; modified opinion due BWMR compliance issues.
• Internal financial controls flagged for a material weakness related to BWMR closing process.
• Secretarial Auditor: M/s J. J. Gandhi & Co; no qualifications reported.
• 54th AGM scheduled for 14 Sep 2026 via VC/OAVM; e-notice to members.
• Major related-party disclosures indicate arm's-length transactions with Panasonic group.

Operations & product highlights

• One operating segment: Batteries; focus on Indian market with expanded digital sales.
• New EVOLTA YUVA entry-level alkaline batteries launched to broaden alkaline portfolio.
• Strengthened distribution network; Sales Force Automation (SFA) implemented for distributor management.
• Brand campaigns: EVOLTA YUVA, Protect What Matters, Power Zyada for safety and reliability.
• Dry battery mix: zinc carbon, AAA, AA; alkaline growth with premium positioning.
• Rechargeables marketing with Eneloop brand maintained to sustain premium perception.

Environment, CSR and sustainability

• Annex: Pithampur factory is carbon neutral; zero wastewater discharge; 50% land forested.
• CSR: Jalway Government School renovation in Dhar, MP; includes classrooms, washrooms, water facilities.
• CSR spend: INR 14.75 lakh; two percent of average net profit INR 12.56 lakh; carry-forward INR 2.19 lakh.
• Annual CSR report and impact assessments disclosed on company website.

Risks & outlook

• BWMR compliance remains challenging; no provisions recognised yet; ongoing representations to government.
• Regulatory costs and potential environmental compensation not quantified; Delhi HC proceedings ongoing.
• Market: competitive pressure from low-cost imports in alkaline batteries; trade-down risks possible.
• Outlook: growing demand for AAA, alkaline, and coin cells; government policy support aids growth.

Corporate governance disclosures

• Familiarization programs for directors; independence confirmed; detailed board skills matrix published.
• Committees: Audit, Nomination & Remuneration, Stakeholders Relationship; meetings conducted as per policy.
• Secretarial and internal controls comply with applicable SEBI/LODR requirements.
• Shareholding: Panasonic Holdings Corporation remains the parent with 58.06% stake.

Auditors' report highlights

• Revenue recognition identified as key audit matter; management policies reviewed for compliance with Ind AS.
• Auditors note BWMR-related uncertainties; management cannot quantify the impact of BWMR provisions.
• Internal control weaknesses acknowledged; reliance on representations to determine potential impact.

CSR & ESG specific items

• Annexure-B details CSR composition and project list; average net profit and CSR obligations disclosed.
• CSR assets created: renovation of government school, Jalway, MP; project location and beneficiary details provided.