Precision Electronics announced that it has received an order worth Rs 1.83 crore from a private entity in the Aerospace & Defence segment.
The company stated that the clients name has not been disclosed due to confidentiality clauses and commercial sensitivity.According to an exchange filing, the order has been placed by a domestic entity and the company will supply masts with accessories as per the customers specifications. The execution of the order is scheduled within the current financial year.
The company also clarified that neither its promoters nor members of the promoter group have any interest in the awarding entity, confirming that the transaction does not qualify as a related-party deal under regulatory norms.
Precision Electronics is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment.
The company reported a standalone net loss of Rs 1.40 crore in Q2 FY26 as against net loss of Rs 1.17 crore in Q2 FY25. Net Sales surged 48.4% year-on-year to Rs 15.15 crore in Q2 FY26.
Shares of Precision Electronics shed 0.09% to Rs 175 on the BSE.
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