Precision Wires India Limited — Important, 24-07-2025: Updates

Precision Wires India Ltd has received in-principle approval for its preferential issue of shares and warrants. The company can now issue 0.1383 Cr equity shares at Rs. 151 each to non-promoters. Furthermore, 0.2767 Cr equity shares will be issued to non-promoters upon warrant conversion at the same price. This approval paves the way for the company to raise approximately Rs 6.28 Cr, strengthening its balance sheet and supporting future growth initiatives. This strategic capital infusion aims to boost financial flexibility.