GeeCee Ventures Limited — Important, 28-04-2025: General Updates

Geecee Ventures Limited has made an investment of Rs. 0.38 Crores in Precision Wires India Ltd, acquiring 27,915 equity shares through an open market purchase. This increases the company's total investment in Precision Wires to Rs. 2.40 Crores, exceeding the stipulated threshold. Precision Wires, listed on both BSE and NSE, reported a turnover of Rs. 3,301.69 Crores for FY 2023-2024, with a profit after tax of Rs. 72.85 Crores. The acquired shares represent approximately 0.09% of Precision Wires’ paid-up capital. The investment aligns with Geecee Ventures' portfolio strategy, aiming for growth through strategic acquisitions. Shareholders should monitor this development as it may enhance the company's operational scope in the aluminum and copper products market. Positive outlook as the company expands its equity shareholding in a profitable entity.