Precision Wires India Limited — Important, 17-05-2025: General Updates

Precision Wires India has announced a board meeting on the financial results for the quarter and half-year, declaring a final dividend of Rs. 0.50 per share (50%). The company secured a Rs. 125 Cr term loan from HDFC Bank and raised its borrowing limit to Rs. 2,500 Cr. Expansion projects are on track to boost capacity to around 61,000 MT/year. A preferential issue of 13.83 lakh equity shares and 27.67 lakh convertible warrants at Rs. 151 per security to non-promoter investors has been approved, pending shareholder approval.