Precision Wires India Limited — Board Meeting, 17-05-2025: Outcome of Board Meeting

Precision Wires India has announced a board meeting approving the financial results for the quarter and half-year, alongside a final dividend of Rs. 0.50 per share. The board greenlit a Rs. 125 Cr term loan from HDFC Bank and plans to raise borrowing limits from Rs. 1500 Cr to Rs. 2500 Cr, awaiting shareholder approval. Capacity expansion to ~61,000 MT/year is underway following Silvassa upgrades, with further projects set through FY27. The company proposes preferential allotment of equity shares and convertible warrants at Rs. 151 each to select non-promoter investors. Key leadership reappointments and pay revisions were also approved.