Precision Camshafts Limited has announced its decision to dispose of 100% shareholding in its material subsidiary by initiating insolvency proceedings. This move was decided during a board meeting held on September 8, 2025.
The decision is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The resolution involves the disposal of the company’s 100% shareholding in its material step-down subsidiary, MFT Motoren und Fahrzeugtechnik GmbH, Germany.
The remote e-voting will commence on September 16, 2025 (9:00 AM IST) and shall end on October 15, 2025 (5:00 PM IST). The results of the postal ballot will be announced on or before October 17, 2025.
The Postal Ballot results will be available…