Precision Wires India Limited — Others, 09-06-2025: Shareholders meeting

Precision Wires India Limited has announced a board meeting to consider a preferential issue of 13.83 lakh equity shares and 27.67 lakh convertible warrants to non-promoter investors at ₹151 each, aiming to raise around ₹627 Cr for expansion, modernization, working capital, and general corporate purposes. Promoters will maintain control with no management change expected. The company plans to reappoint Deepak M. Mehta as Vice Chairman & Whole-Time Director and Nirbhay D. Mehta as President for three years. Milan M. Mehta’s pay will include variable annual compensation up to 1.5% of net profits, with the total managerial remuneration limit increasing to 15% of net profits. Shareholder approval is being sought.