Precision Wires India Limited has announced the commencement of commercial production of Copper Rod at its Valvada plant, marking a significant operational milestone for the wire manufacturing company.

Production Commencement Details

The company informed stock exchanges on 26th March, 2026, that commercial production of Copper Rod has officially started at the Valvada facility. This announcement comes as a follow-up to the company's earlier communication dated 18th March, 2026, which had disclosed the receipt of BIS (Bureau of Indian Standards) certification for the plant.

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (SEBI) regulations, which mandates listed companies to inform stock exchanges about material events and corporate developments. The company communicated this development to both BSE Limited and the National Stock Exchange of India Limited.

Company Background

Precision Wires India Limited, with its registered office in Mumbai, operates manufacturing facilities including its main works at Silvassa. The company trades on stock exchanges under the symbol PRECWIRE on NSE and company code 523539 on BSE. The Valvada plant represents an expansion of the company's manufacturing capabilities in the copper wire and rod segment.

Operational Significance

The start of commercial production at Valvada follows a structured approach, with the company first securing necessary certifications before commencing operations. The BIS certification obtained earlier this month provided the regulatory clearance required for commercial manufacturing activities at the facility.

Precision Wires India Limited has successfully concluded its postal ballot process and completed all regulatory compliance requirements by submitting newspaper advertisement copies to stock exchanges on 26th March, 2026.

Postal Ballot Overview

The postal ballot process was conducted entirely through electronic voting, with the e-voting period commencing on 20th February, 2026 at 9:00 AM and concluding on 21st March, 2026 at 5:00 PM. The company utilized the services of National Securities Depository Limited (NSDL) for the remote e-voting facility.

Resolution Results Summary

All four resolutions presented to shareholders received the requisite majority approval with strong support across different shareholder categories.

Detailed Resolution Analysis

Resolution 1: Independent Director Re-appointment

The re-appointment of Mrs. Asha Morley (DIN: 02012799) as Non-Executive Independent Director was approved as an ordinary resolution with overwhelming support across all shareholder categories.

Resolution 2: Senior Vice President Re-appointment

The re-appointment of Shri Arjun Milan Mehta as Senior Vice President for three years was passed as a special resolution. Notably, promoter group votes were excluded due to their interest in this resolution, with only public shareholders participating.

Resolution 3 & 4: Financial Powers Enhancement

Both resolutions related to borrowing powers revision under Section 180(1)(C) and creation of mortgage/charge on assets under Section 180(1)(A) received similar approval rates of 99.61%, demonstrating strong shareholder confidence in the company's financial strategy.

Regulatory Compliance

Pursuant to Regulation 47(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted copies of postal ballot results published in newspapers 'Free Press Journal' and 'Navshakti' on 26th March, 2026 to both BSE Limited (Company Code: 523539) and National Stock Exchange of India Limited (Symbol: PRECWIRE).

M/s Ragini Chokshi & Co., the appointed scrutinizer, confirmed that all resolutions were passed with the requisite majority as per the provisions of the Companies Act, 2013. The postal ballot results demonstrate strong shareholder confidence in the company's proposed governance changes and strategic financial decisions, with all resolutions receiving approval rates exceeding 99% across different shareholder categories.